Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (EDN) 20-F 19 Apr 23 2022 FY Annual report (foreign) Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2022 shares
Entity Addresses [Line Items]
Document Type	20-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	001-33422
Entity Registrant Name	EDENOR
Entity Central Index Key	0001395213
Entity Incorporation, State or Country Code	AR
Entity Address, Address Line One	Avenida Del Libertador 6363
Entity Address, City or Town	Buenos Aires
Entity Address, Country	AR
Entity Address, Postal Zip Code	C1428ARG
Title of 12(b) Security	Class B Common Shares
Trading Symbol	EDN
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
ICFR Auditor Attestation Flag	false
Auditor Firm ID	1349
Auditor Name	PRICE WATERHOUSE & CO. S.R.L.
Auditor Location	Buenos Aires
Class A Issued Capital [Member]
Entity Addresses [Line Items]
Entity Common Stock, Shares Outstanding	462,292,111
Class B Issued Capital [Member]
Entity Addresses [Line Items]
Entity Common Stock, Shares Outstanding	442,210,385
Class C Issued Capital [Member]
Entity Addresses [Line Items]
Entity Common Stock, Shares Outstanding	1,952,604
Business Contact [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	Avenida Del Libertador
Entity Address, City or Town	Buenos Aires
Entity Address, Country	AR
Entity Address, Postal Zip Code	C1428ARG
City Area Code	+54 11
Local Phone Number	4346 5510
Contact Personnel Name	German Ranftl
Contact Personnel Fax Number	54 11 4346 5325

Statement of Comprehensive Inco

Statement of Comprehensive Income (Loss) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Profit or loss [abstract]
Revenue	$ 205,835	$ 221,091	$ 268,389
Energy purchases	(143,228)	(135,966)	(170,264)
Subtotal	62,607	85,125	98,125
Transmission and distribution expenses	(54,917)	(56,708)	(58,387)
Gross margin	7,690	28,417	39,738
Selling expenses	(23,669)	(22,391)	(31,872)
Administrative expenses	(18,052)	(14,505)	(15,730)
Other operating income	10,408	9,431	7,081
Other operating expense	(7,620)	(9,519)	(6,621)
Impairment of property, plant and equipment			(51,129)
Income from interest in joint ventures	(6)	4
Operating result	(31,249)	(8,563)	(58,533)
Agreement on the Regularization of Obligations	18,136
Financial income	65	127	162
Financial costs	(87,773)	(52,517)	(27,263)
Other financial results	(1,430)	3,391	(5,555)
Net financial costs	(89,138)	(48,999)	(32,656)
Monetary gain (RECPAM)	99,617	46,440	28,700
Loss before taxes	(2,634)	(11,122)	(62,489)
Income tax	(14,834)	(30,455)	10,472
Loss for the year	(17,468)	(41,577)	(52,017)
Other comprehensive income
Results related to benefit plans	(654)	390	319
Tax effect of actuarial profit (loss) on benefit plans	229	(137)	(95)
Total other comprehensive results	(425)	253	224
Comprehensive loss for the year attributable to:
Owners of the parent	(17,893)	(41,324)	(51,793)
Comprehensive loss for the year	$ (17,893)	$ (41,324)	$ (51,793)
Basic and diluted loss per share:
Loss per share (argentine pesos per share)	$ (19.96)	$ (47.52)	$ (59.45)

Statement of Financial Position

Statement of Financial Position - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Non-current assets
Property, plant and equipment	$ 395,940	$ 380,581
Interest in joint ventures	21	27
Right-of-use asset	707	828
Other receivables	3	14
Total non-current assets	396,671	381,450
Current assets
Inventories	6,438	6,702
Other receivables	18,700	4,154
Trade receivables	27,991	34,212
Financial assets at amortized cost		474
Financial assets at fair value through profit or loss	28,701	30,097
Cash and cash equivalents	1,630	6,179
Total current assets	83,460	81,818
TOTAL ASSETS	480,131	463,268
Share capital and reserve attributable to the owners of the Company
Share capital	875	875
Adjustment to share capital	108,721	108,710
Treasury stock	31	31
Adjustment to treasury stock	2,330	2,341
Additional paid-in capital	1,501	1,492
Cost treasury stock	(8,974)	(8,974)
Legal reserve	7,585	7,585
Voluntary reserve	73,455	73,455
Other comprehensive loss	(813)	(388)
Accumulated losses	(59,045)	(41,577)
TOTAL EQUITY	125,666	143,550
Non-current liabilities
Trade payables	920	1,287
Other payables	17,487	18,414
Borrowings	14,537
Deferred revenue	3,677	3,287
Salaries and social security payable	771	776
Benefit plans	1,861	1,941
Deferred tax liability	110,908	96,303
Provisions	5,553	7,755
Total non-current liabilities	155,714	129,763
Current liabilities
Trade payables	179,809	148,391
Other payables	6,323	7,746
Borrowings	184	19,989
Deferred revenue	44	86
Salaries and social security payable	9,339	8,796
Benefit plans	234	254
Income tax payable	0	2,442
Tax liabilities	1,317	1,205
Provisions	1,501	1,046
Total current liabilities	198,751	189,955
TOTAL LIABILITIES	354,465	319,718
TOTAL LIABILITIES AND EQUITY	$ 480,131	$ 463,268

Statement of Changes in Equity

Statement of Changes in Equity - ARS ($) $ in Millions	Issued capital [member]	Adjustment To Share Capital [Member]	Treasury shares [member]	Adjustment To Treasury Stock [Member]	Additional paid-in capital [member]	Cost Treasury Stock [Member]	Legal Reserve [Member]	Voluntary Reserve [Member]	Other reserves [member]	Accumulated other comprehensive income [member]	Retained earnings [member]	Total
Beginning balance, value at Dec. 31, 2019	$ 875	$ 108,692	$ 31	$ 2,359	$ 1,480	$ (8,974)	$ 5,158	$ 79,351		$ (865)	$ 48,548	$ 236,655
IfrsStatementLineItems [Line Items]
Ordinary and Extraordinary Shareholders’ Meeting held on April 28, 2020							2,427	46,121			(48,548)
Other comprehensive results										224		224
Loss for the year											(52,017)	(52,017)
Ending balance, value at Dec. 31, 2020	875	108,692	31	2,359	1,480	(8,974)	7,585	125,472		(641)	(52,017)	184,862
IfrsStatementLineItems [Line Items]
Ordinary Shareholders’ Meeting held on April 27, 2021								(52,017)			52,017
Other Reserve Constitution - Share-bases compensation plan (Note 25)									12			12
Payment of Other Reserve Constitution - Share-based compensation plan (Note 25)		18		(18)	12				(12)
Other comprehensive results										253		253
Loss for the year											(41,577)	(41,577)
Ending balance, value at Dec. 31, 2021	875	108,710	31	2,341	1,492	(8,974)	7,585	73,455		(388)	(41,577)	143,550
IfrsStatementLineItems [Line Items]
Other Reserve Constitution - Share-bases compensation plan (Note 25)									9			9
Payment of Other Reserve Constitution - Share-based compensation plan (Note 25)		11		(11)	9				(9)
Other comprehensive results										(425)		(425)
Loss for the year											(17,468)	(17,468)
Ending balance, value at Dec. 31, 2022	$ 875	$ 108,721	$ 31	$ 2,330	$ 1,501	$ (8,974)	$ 7,585	$ 73,455		$ (813)	$ (59,045)	$ 125,666

Statement of Cash Flows

Statement of Cash Flows - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities
Loss for the year	$ (17,468)	$ (41,577)	$ (52,017)
Adjustments to reconcile net (loss) profit to net cash flows from operating activities:
Depreciation of property, plant and equipment	18,193	17,728	19,113
Depreciation of right-of-use assets	1,033	892	932
Loss on disposals of property, plant and equipment	348	485	442
Net accrued interest	87,563	52,319	27,156
Income from customer surcharges	(3,031)	(3,771)	(4,556)
Exchange difference	(1,478)	3,120	8,684
Income tax	14,834	30,455	(10,472)
Allowance for the impairment of trade and other receivables, net of recovery	2,199	3,822	12,293
Adjustment to present value of receivables	338	292	380
Provision for contingencies, net of recovery	4,405	4,580	2,006
Changes in fair value of financial assets	(2,825)	(7,728)	(2,907)
Accrual of benefit plans	1,202	1,471	1,402
Recovery of provision for credit RDSA (Note 38)		(1,130)
Net gain from the cancelattion of Corporate Notes	363	(6)	(1,219)
Loss on debt restructuring	449
Impairment of property, plant and equipment			51,129
Income from non-reimbursable customer contributions	(62)	(91)	(78)
Other financial results	4,583	2,061	606
Gain from interest in joint ventures	6	(4)
Agreement on the Regularization of Obligations	(18,136)
Recovery of allowance for the impairment of trade receivables - Agreement on the Regularization of Obligations	(2,650)
Monetary gain (RECPAM)	(99,617)	(46,440)	(28,700)
Changes in operating assets and liabilities:
Increase in trade receivables	(6,929)	(5,236)	(11,236)
Increase in other receivables	(11,969)	(1,574)	(1,029)
(Increase) Decrease in inventories	(2,319)	(1,650)	97
Increase in financial assets at amortized cost			(931)
Increase in deferred revenue	2,052	526	3,701
Increase in trade payables	61,843	35,524	39,884
Increase in salaries and social security payable	5,197	1,708	5,030
Decrease in benefit plans	(267)	(138)	(41)
Decrease in tax liabilities	(467)	(3,830)	(267)
(Decrease) Increase in other payables	(1,331)	364	(158)
Derivative financial instruments payments			(853)
Decrease in provisions	(537)	(586)	(343)
Payment of income tax payable	(96)		(7,112)
Net cash flows generated by operating activities	35,426	41,586	50,936
Cash flows from investing activities
Payment of property, plants and equipments	(31,726)	(28,686)	(28,942)
Purchase net of Mutual funds and negotiable instruments	(5,477)	(21,084)	(7,786)
Derivative financial instruments payments	(157)
Mutuum charges granted to third parties		10	103
Collection of receivables from sale of subsidiaries			29
Net cash flows used in investing activities	(37,360)	(49,760)	(36,596)
Cash flows from financing activities
Proceeds from borrowings	4,420
Payment of borrowings	(6,078)		(2,204)
Payment of lease liability	(1,171)	(1,025)	(2,016)
Payment of interests from borrowings	(896)	(1,743)	(2,698)
Payment of Corporate Notes issuance expenses	(565)
Cancelattion of Corporate Notes	(472)	(33)	(11,164)
Net cash flows used in financing activities	(4,762)	(2,801)	(18,082)
Decrease in cash and cash equivalents	(6,696)	(10,975)	(3,742)
Cash and cash equivalents at the beginning of year	6,179	12,821	12,802
Financial results in cash and cash equivalents	2,173	4,341	2,700
Result from exposure to inflation	(26)	(8)	1,061
Decrease in cash and cash equivalents	(6,696)	(10,975)	(3,742)
Cash and cash equivalents at the end of the year	1,630	6,179	12,821
Supplemental cash flows information
Adquisition of advances to suppliers, property, plant and equipment through increased trade payables	(2,174)	(2,967)	(3,596)
Adquisition of advances to suppliers, right-of-use assets through increased trade payables	$ (912)	$ (1,050)	$ (723)

General information

General information	12 Months Ended
	Dec. 31, 2022
General Information
General information	Note 1 | General information Empresa Distribuidora y Comercializadora Norte S.A. (hereinafter “ edenor sociedad anónima The corporate purpose of edenor edenor History and development of the Company edenor By means of an International Public Bidding, the PEN awarded 51 edenor On September 1, 1992, EASA took over the operations of edenor As a consequence of the share purchase and sale agreement entered into on December 28, 2020 between Pampa Energía S.A. and Empresa de Energía del Cono Sur S.A., all the Class A shares, representing 51% of the Company’s share capital and votes were transferred to the latter. That transaction was approved by means of ENRE Resolution No. 207/2021 dated June 24, 2021. Therefore, Empresa de Energía del Cono Sur S.A. is the parent company of edenor The Company’s economic and financial situation In the last few fiscal years, the Company recorded negative working capital, mainly as a consequence of the insufficient adjustments of the electricity rate since February 2019 -which did not comply with the terms agreed upon in the last RTI-, and the constant increase of both the operating costs and the costs of the investments necessary to maintain the quality of the service; all this in addition to the inflationary context in which the Argentine economy has been since mid-2018. Although in 2021 and 2022 the values of the Company’s electricity rate schedules suffered changes, they are insufficient to cover the economic and financial needs of the Distribution Company in a context of growing inflation, with the annual rate close to 100%, inasmuch as most of them, implied only the passing through of the seasonal prices without improving revenues from the CPD. Nevertheless, and in spite of the aforementioned context with constant increases in operating costs, the investments necessary, both for the operation of the network and for maintaining and even improving the quality of the service, have been made. The economic activity showed some recovery after the effect caused by the COVID-19 pandemic; however, the country’s macroeconomic situation with the increase in the rate of inflation, the widening of the gap between the official dollar exchange rate and the dollar exchange rate quoted in financial or free markets, and the consequences of the agreement with the International Monetary Fund make it difficult to envisage a clear-cut trend of the economy in the short term. This complex and vulnerable economic context is aggravated by the currency restrictions imposed by the BCRA pursuant to which the BCRA’s prior authorization is required for certain transactions, such as the Company’s transactions associated with the payment of imports of goods that are necessary for the provision of the service and the payments to service the financial debt. As a consequence of the described context, the Company witnessed an even greater deterioration of its economic and financial equation due to the long overdue adjustment of rates, the impossibility of taking legal action to enforce payment of debts for electricity consumed but not paid, and the increase in costs on the Company’s operating structure and supplies. Therefore, it became necessary to partially postpone payments to CAMMESA for energy purchased in the MEM as from the maturities taking place in March 2020 63,689 79,640 Despite the previously detailed situation, it is worth pointing out that, in general terms, the quality of the electricity distribution service has been improved, both in duration and frequency of power cuts. In view of the continuous increase of the costs associated with the provision of the service, as well as the need for additional investments to meet the demand, the Company continues to analyze different measures aimed at mitigating the negative effects of this situation on its financial structure, such as the already adopted one related to the restructuring of its financial debt (Note 39), the signing of the Memorandum of Agreement on the Regularization of Payment Obligations (Note 2.c), and the recent electricity rate adjustment provided for by the previously mentioned ENRE Resolution, thus minimizing the impact on the sources of employment, the execution of the investment plan, and the carrying out of the essential operation, maintenance and improvement-related works that are necessary to maintain the provision of the public service, object of the concession, in a satisfactory manner in terms of quality and reliability. Due to that which has been previously described, the Board of Directors concluded that a material uncertainty exists that may cast significant doubt (or raise substantial doubt as contemplated by PCAOB standards) about edenor Nevertheless, these financial statements have been prepared assuming that the Company will continue to operate as a going concern, and do not include the adjustments or reclassifications that might result from the outcome of these uncertainties, inasmuch as this Distribution Company has historically been provided with transitional solutions that have made it possible to partially restore the economic and financial equation and ensure the operation of its distribution networks, due to the essential service its provides.

Regulatory framework

Regulatory framework	12 Months Ended
	Dec. 31, 2022
Regulatory Framework
Regulatory framework	Note 2 | Regulatory framework a) Concession The term of the concession is 95 51 edenor The Company has the exclusive right to render electric power distribution and sales services within the concession area to all the customers who are not authorized to obtain their power supply from the MEM, thus being obliged to supply all the electric power that may be required in due time and in accordance with the established quality levels. In addition, the Company must allow free access to its facilities to any MEM agents whenever required, under the terms of the Concession. No specific fee must be paid by the Company under the Concession Agreement during the term of the concession. The Company is subject to the terms and conditions of its Concession Agreement and the provisions of the Regulatory Framework comprised of Federal Laws Nos. 14,772, 15,336 and 24,065, Executive Order No. 714/92 of the PEN, resolutions and regulatory and supplementary regulations issued by the authorities responsible for this matter, with the Company being responsible for the provision of the public service of electricity distribution and sale with a satisfactory quality level, complying for such purpose with the requirements set forth in both the aforementioned agreement and the Regulatory Framework. Failure to comply with the established guidelines will result in the application of penalties, based on the economic damage suffered by the customer when the service is provided in an unsatisfactory manner, the amounts of which will be determined in accordance with the methodology stipulated in the above-mentioned agreement. The ENRE is the authority in charge of controlling strict compliance with the pre-established guidelines. b) Electricity rate situation On April 18, 2022, by means of SE Resolutions Nos. 235 and 236/2022, the PEN called a Public Hearing to be held on May 11 and 12, 2022, respectively, to consider the following issues: - new reference prices of the Seasonal Price of Electricity (PEST), applicable as from June 1, 2022; - implementation of the segmentation of Customers for the granting of Federal Government subsidies on energy prices to the users of the electric service, for the 2022-2023 biennium. Neither of the above-mentioned items represent an improvement in the Company’s revenues from the CPD; they only imply the transfer of prices to and/or elimination of subsidies on the amounts to be billed to the Users. In line with the foregoing, on June 16, 2022, by means of Executive Order No. 332/2022, the PEN establishes the rate segmentation system. Subsequently, by means of Resolution No. 467 dated June 27, 2022, the Energy Secretariat, as the defined application authority, instructs the Undersecretariat of Energy Planning to implement the aforementioned segmentation, which is carried out by means of Directive No. 1 dated June 28, 2022. In relation thereto, on September 15, 2022, by means of SE Resolution No. 649/2022, it is provided that those households that have registered in “Level 3 – Average Income” will be charged the seasonal reference prices defined for “Level 1, Distributor Residential Demand” for the consumption of electricity exceeding 400 KWh per month. Consequently, by means of ENRE Resolution No. 434/2022, the values of the electricity rate schedules for such category are modified. Furthermore, on November 14, 2022, by means of Resolution No. 576/2022, the ENRE called a Public Hearing for January 23, 2023, to make known and listen to opinions on the proposals aimed at obtaining a transitional adjustment of the electricity rate, with such Public Hearing being held in the framework of the RTI renegotiation process and prior to defining the electricity rates to be applied by the concession holders. In the above-mentioned Hearing, the Company stated its position on the imbalances of the electricity rate as compared to that of other concession holders outside the AMBA and as compared to other essential services, putting an emphasis on the opportunity to correct these imbalances and committing itself to maintain the level of investments necessary to maintain the operation of the network. Finally, on February 17, 2023, the SE instructed the ENRE to apply to the electricity rates the increase in the VAD, stating that the transitional electricity rate adjustment was to take place on or prior to March 1, 2023. Accordingly, on February 28, 2023, by means of Resolution No. 241/2023, the ENRE approved the new electricity rate schedules, applicable as from April 1 and June 1, 2023, with the aim of implementing the increase in the value of the consumers’ bills in two tranches. The following resolutions were issued by the SE and the ENRE, in connection with the Company’s electricity rate schedules and the seasonal reference prices (Stabilized Price of Energy and Power Reference Price): Schedule of electricity rate Resolution Date What it approves Effective as from SE No. 305/2022 April 29, 2022 Seasonal reference prices (1) May 1 ENRE No. 146/2022 May 6, 2022 Electricity rate schedules May 1 SE No. 405/2022 May 27, 2022 Seasonal reference prices June 1 ENRE No. 171/2022 May 31, 2022 Electricity rate schedules June 1 SE No. 605/2022 July 28, 2022 Seasonal reference prices August 1 ENRE No. 222/2022 July 29, 2022 Electricity rate schedules August 1 SE No. 627/2022 August 25, 2022 Seasonal reference prices September 1 ENRE No. 313/2022 September 7, 2022 Electricity rate schedules September 1 SE No. 649/2022 September 13, 2022 Seasonal reference prices September 1 ENRE No. 434/2022 September 22, 2022 Electricity rate schedules September 1 ENRE No. 484/2022 October 6, 2022 Electricity rate schedules (2) September 1 SE No. 719/2022 October 28, 2022 Seasonal reference prices (3) November 1 ENRE No. 554/2022 November 2, 2022 Electricity rate schedules November 1 SE No. 54/2023 February 1, 2023 Seasonal reference prices February 1 ENRE No. 177/2023 February 2, 2023 Electricity rate schedules February 1 ENRE No. 241/2023 February 28, 2023 Electricity rate schedules April 1 and June 1 (1) It approves the Winter Seasonal Programming for the MEM submitted by CAMMESA, relating to the May 1, 2022-October 31, 2022 period. (2) It amends the average electricity rate approved by ENRE Resolution No. 434/2022, which implied a 3.8% decrease thereof, according to the valuation of the residential user category’s consumption during the month of September. (3) It approves the Summer Seasonal Programming for the MEM submitted by CAMMESA, relating to the November 1, 2022-April 30, 2023 period. c) Memorandum of Agreement on Regularization of Payment Obligations – Debt for the purchase of energy in the MEM On December 29, 2022, and following the guidelines set forth in both the FY2021 National Government Budget, section 87 of Law No. 27,591, and Resolution No. 40/2021 of the Energy Secretariat concerning the “Special system for the settlement of debts”, the Company, the Federal Government, the ENRE, and CAMMESA agreed on the Memorandum of Agreement on the Regularization of Payment Obligations, pursuant to which the Company recognizes to owe CAMMESA a sum of $ 57,159 24,174 Consequently, once the aforementioned credits have been deducted, the Company agrees to pay a debt of $ 32,985 50 Pursuant to Article Six of the Memorandum of Agreement, the granting by the ENRE of an increase in the VAD is a condition precedent to the payment of all the obligations when due; therefore, the Company’s Management believes that the event required in order for the substitution of the debt (novation) to take place did not occur in 2022; accordingly, the impact thereof is not recognized in the fiscal year. As regards the credits recognized by the SE, the Company considers them to be vested rights inasmuch as they are not subject to any condition whatsoever and will be implemented by means of commercial documents to be issued by CAMMESA, with the effects thereof thus being recognized in the current fiscal year. The above-mentioned credits relate to the following concepts: Schedule Of Credits Relate Concepts Concept Amount a) Implementation of policies to benefit the demand (2 bills) $ 9,670 b) Maintenance of electricity rates (1 bill) $ 4,835 c) Investment Plan (0.37 bills) $ 1,802 d) Section 2 Res. 642/22 (1.63 bills) $ 7,867 5 bills $ 24,174 a) is earmarked exclusively for the regularization of the debt of delinquent users benefited from the policies implemented to benefit the demand, giving priority to those who have benefited from the provisions of Executive Order No. 311/2020, Neighborhood Sports Clubs and Public Welfare Organizations. Consequently, the Company’s trade receivables, whose debt had stemmed from delinquency or non-payment during the ASPO or DISPO are offset, and compensation amounts as a consequence of an exceptional emergency measure adopted by the Federal Government are recognized. b) and d) require no specific action from the Company. c) relates to the specific Investment Plan carried out by the Company in 2021. In this regard, the Company recognizes a deferred income item for such amount, as provided for by IAS 20 “Government Grants”. The combined effect of the previously described captions amounts to $ 18,136 2,650 d) Framework Agreement On December 16, 2020, the “Agreement on the Development of the Preventive and Corrective Maintenance Works Plan for the Electricity Distribution Network of the Buenos Aires Metropolitan Area”, was signed with the Federal Government and the province of Buenos Aires, to guarantee the electricity supply to vulnerable neighborhoods of the Buenos Aires Metropolitan Area. The debt for the electricity supplied in the October 2017 – July 2020 period to low-income areas and shantytowns in edenor 2,126 All these amounts will be applied to the Works Plan in order that the necessary investment and preventive and corrective maintenance works can be carried out in the networks in charge of distribution companies and related to vulnerable neighborhoods and other areas of the concession area, with the aim of improving the service therein provided and meeting the contingencies and any peak demand that often occurs in the summer. The Company may use the funds only after the ENRE has certified compliance with both the degree of completion of the works included in the referred to plan and the related financial milestones. As of December 31, 2022, negotiations are underway between the Company and the ENRE concerning the other disbursements stipulated in the agreement, which total an additional $1,000 relating to the second and third disbursements, plus a fourth disbursement in accordance with that which the ENRE will validate and inform about the vulnerable neighborhoods’ total consumption between August and December 2020. At the date of issuance of these financial statements, the Company has used a total of $ 3,016, $ 1,517 of which has not yet been credited, relating to the reports on progress of the works performed. The income recognized in fiscal year 2022, which relates to reports on progress of the works performed with the Company’s own funds amounts to $ 1,222 (which at the purchasing power of the currency at December 31, 2022 amounts to $ 1,760). Furthermore, on December 21, 2022, the “Agreement on Recognition of Electricity Consumption in Vulnerable Neighborhoods of the Province of Buenos Aires” was entered into with the Federal Government and the Province of Buenos Aires. The Federal Government and the Province of Buenos Aires are (according to Executive Order No. 1974/2004) jointly responsible for the cost of the electricity related to the consumption of the collective meters of vulnerable neighborhoods. Because of that, the parties enter into the Agreement in order to settle the amounts relating to the cost of the consumption of electricity recorded by the collective meters, including the reimbursement of the Seasonal Price of Energy and the Power Reference Price in the MEM (plus transmission fees and the charge relating to the National Fund of Electricity). Taking into consideration that, as informed by the ENRE in relation to the consumption of the January-December 2021 period, the Federal Government has to make a contribution of $ 917 336 1,253 At the date of issuance of these financial statements, the Company has recognized a total of $ 1,253 e) Agreement on the Regularization of Obligations – May 2019 On May 10, 2019, edenor for damages caused by the freeze on rates since 2017 will be abandoned. The effects of this agreement were recognized in the Company’s financial statements as of December 31, 2019. On January 19, 2021, the Federal Government, the PBA and the CABA according to which ). On September 21, 2021, the National Ministry of Economy issued ME Resolution No. 590/2021 declaring the Agreement contrary to the public interest, thus paving the way for the filing of a legal action to declare it null and void. It also provided for the suspension of the administrative procedures relating to the fulfilment of the obligations arising from such Agreement. Notwithstanding the above, at the date of issuance of these financial statements, the Company has not been served notice of the filing of any legal action in order for the Agreement or the acts resulting therefrom to be declared null and void. The administrative act in question has not provided for the suspension of the legal effects of said Agreement, which is, therefore, in full force and effect. Against this resolution the Company has filed an appeal ( recurso jerárquico Finally, on August 22, 2022, by means of ENRE Resolution No. 292/2022, it is provided that all the proceedings be provisionally terminated because the docket shows no activity as a result of ME Resolutions Nos. 590 and 656/2021, and that the provisions of such resolutions shall be in effect until notice of the final judgements on the related proceedings is given to the ENRE by any reliable means. f) Penalties The ENRE is empowered to control the quality levels of the technical product and service, the commercial service and the compliance with public safety regulations, as provided for in the Concession Agreement. If the Distribution Company fails to comply with the obligations assumed, the ENRE may apply the penalties stipulated in the aforementioned Agreement. As of December 31, 2022 and 2021, the Company has recognized in its financial statements the penalties accrued, whether imposed or not yet issued by the ENRE, relating to the control periods elapsed as of those dates, following the criteria and estimates available, which may differ from the actual ones. Furthermore, ENRE Resolution No. 63/17, as amended and supplemented, has set out the control procedures, the service quality assessment methodologies, and the penalty system, applicable as from February 1, 2017, for the 2017–2022 period. In accordance with the provisions of Sub-Appendix XVI to the referred to Resolution, the Company is required to submit in a term of sixty calendar days the calculation of global indicators, interruptions for which force majeure had been alleged, the calculation of individual indicators, and will determine the related discounts, crediting the amounts thereof within ten business days. In turn, the ENRE will examine the information submitted by the Company, and in the event that the crediting of such discounts were not verified will impose a fine, payable to the Federal Government, equivalent to twice the value that should have been recorded. In this regard, the ENRE has implemented an automatic penalty mechanism in order that the discounts on account of deviations from the established limits may be credited to customers within a term of sixty days as from the end of the controlled six-month period. The penalty system provides that penalties are updated in accordance with the variation of the Distributor’s CPD or by the energy tariff average price, as the case may be. Subsequently, in different resolutions related to commercial penalties and penalties relating to the safety on streets and public spaces, the Regulatory Authority provided for the application of increases and adjustments, applying for such purpose a criterion different from the one applied by the Company. By means of Resolution No. 15/2021, the ENRE approved the new methodology for crediting and distributing the penalties payable to all the Active Users and the modality of crediting penalties to the Solidarity Account for Users in Vulnerable Situations, as well as the manner in which edenor Furthermore, there exist certain penalties related to the quality of the information and the quality of the technical service, the penalty procedure of which is being challenged by the Company due to the fact that it applies retroactively to time-barred periods and has calculation defects in relation to the applicable regulations. The effects of the resolutions detailed in this note have been quantified by the Company and recognized as of December 31, 2022 and 2021, which does not imply the Company’s consent to the applied criteria. g) Restriction on the transfer of the Company’s common shares The by-laws provide that Class “A” shareholders may transfer their shares only with the prior approval of the ENRE. The ENRE must communicate its decision within ninety days upon submission of the request for such approval, otherwise the transfer will be deemed approved. Furthermore, Caja de Valores S.A. (the Public Register Office), which keeps the Share Register of the shares, is entitled (as stated in the by-laws) to reject such entries which, at its criterion, do not comply with the rules for the transfer of common shares included in (i) the Business Organizations Law, (ii) the Concession Agreement and (iii) the By-laws. In addition, the Class “A” shares will be pledged during the entire term of the concession as collateral to secure the performance of the obligations assumed under the Concession Agreement. In connection with the issuance of Corporate Notes, during the term thereof, Empresa de Energía del Cono Sur S.A. is required to be the beneficial owner and owner of record of not less than 51% of the Company’s issued, voting and outstanding shares, otherwise the maturity of principal of the corporate notes could be accelerated.

Basis of preparation

Basis of preparation	12 Months Ended
	Dec. 31, 2022
Basis Of Preparation
Basis of preparation	Note 3 | Basis of preparation The financial statements for the year ended December 31, 2022 have been prepared in accordance with IFRS issued by the IASB and IFRIC interpretations, which have been adopted and incorporated by the CNV. The financial statements were approved for issue by the Company’s Board of Directors on March 9, 2023. By means of General Resolution No. 622/2013, the CNV provided for the application of Technical Resolution No. 26 of the FACPCE, which adopts the IFRS issued by the IASB, for those entities that are included in the public offering system of Law No. 17,811, as amended, whether on account of their capital or their corporate notes, or have requested authorization to be included in the aforementioned system. Comparative information The balances as of December 31, 2021, disclosed in these financial statements for comparative purposes, arise as a result of restating the financial statements as of that date to the purchasing power of the currency at December 31, 2022. This, as a consequence of the restatement of the financial information described hereunder. Furthermore, certain amounts of the financial statements presented on a comparative basis have been reclassified in order to maintain consistency of presentation with the amounts of the reporting year. Restatement of financial information The financial statements as of December 31, 2022, including the figures relating to the previous year, have been stated in terms of the measuring unit current at December 31, 2022, in accordance with IAS 29 “Financial reporting in hyperinflationary economies”. As a result thereof, the financial statements are stated in terms of the measuring unit current at the end of the reporting year. The inflation rate applied for the fiscal year commenced January 1, 2022 and ended December 31, 2022, based on that indicated in the preceding paragraph, was 94.8%. According to IAS 29, the restatement of financial statements is necessary when the functional currency of an entity is that of a hyperinflationary economy. To define a state of hyperinflation, IAS 29 provides a set of guidelines, including but not limited to the following, which consist of (i) analyzing the behavior of population, prices, interest rates and wages faced with the development of price indexes and the loss of the currency’s purchasing power, and (ii) as a quantitative feature, which, in practice, is the mostly considered condition, verifying whether the cumulative inflation rate over three years approaches or exceeds 100%. Consequently, the Argentine economy should be regarded as highly inflationary as from July 1, 2018. The standard states that the adjustment will be resumed from the date on which it was last made, February 2003. Moreover, on July 24, 2018, the FACPCE issued a communication confirming that which has been previously mentioned. Additionally, it should be taken into account that on December 4, 2018 the Official Gazette In order to not only assess the aforementioned quantitative condition but also restate the financial statements, the CNV has stated that the series of indexes to be used for the application of IAS 29 is that determined by the FACPCE. That series of indexes combines the CPI published by the INDEC from January 2017 (base month: December 2016) with the WPI published by the INDEC through that date, computing for the months of November and December 2015 -in respect of which there is no available information from the INDEC on the development of the WPI-, the variation recorded in the CPI of the City of Buenos Aires. Taking into consideration the above-mentioned index, in the fiscal years ended December 31, 2022, 2021, 2020, 2019 and 2018, the inflation rate amounted to 94.8 50.9 36.13 53.77 47.66 The effects of the application of IAS 29 are summarized below: Restatement of the Statement of Financial Position (i) Monetary items (those with a fixed nominal value in local currency) are not restated inasmuch as they are already expressed in terms of the measuring unit current at the closing date of the reporting year. (ii) Non-monetary items carried at historical cost or at the current value of a date prior to the end of the reporting year are restated using coefficients that reflect the variation recorded in the general level of prices from the date of acquisition or revaluation to the closing date of the reporting year. Depreciation charges of property, plant and equipment and amortization charges of intangible assets recognized in profit or loss for the year, as well as any other consumption of non-monetary assets will be determined on the basis of the new restated amounts. (iii) The restatement of non-monetary assets in terms of the measuring unit current at the end of the reporting year without an equivalent adjustment for tax purposes, gives rise to a taxable temporary difference and to the recognition of a deferred tax liability, whose contra-account is recognized. Restatement of the Statement of Comprehensive Income (Loss) (i) Income and expenses are restated from the date when they were recorded, except for those profit or loss items that reflect or include in their determination the consumption of assets carried at the purchasing power of the currency as of a date prior to the recording of the consumption, which are restated based on the date when the asset to which the item is related originated (for example, depreciation, impairment and other consumptions of assets valued at historical cost). (ii) The net gain from the maintenance of monetary assets and liabilities is presented in a line item separately from the profit or loss for the year, called RECPAM. Restatement of the Statement of Changes in Equity (i) The components of equity, except for reserved earnings and unappropriated retained earnings, have been restated from the dates on which they were contributed, or on which they were otherwise set up. (ii) The restated unappropriated retained earnings were determined by the difference between net assets restated at the date of transition and the other components of opening equity expressed as indicated in the preceding headings. (iii) After the restatement at the date indicated in (i) above, all components of equity are restated by applying the general price index from the beginning of the year, and each variation of those components is restated from the date of contribution or the date on which it otherwise arose. Restatement of the Statement of Cash Flows IAS 29 requires all the items of this Statement to be restated in terms of the measuring unit current at the closing date of the reporting year. The monetary gain or loss generated by cash and cash equivalents is presented in the statement of cash flows separately from cash flows from operating, investing and financing activities, as a specific item of the reconciliation between cash and cash equivalents at the beginning and end of the year.

Accounting policies

Accounting policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies
Accounting policies	Note 4 | Accounting policies The main accounting policies used in the preparation of these Financial Statements are detailed below. Note 4.1 | New accounting standards, amendments and interpretations issued by the IASB that are effective as of December 31, 2022 and have been adopted by the Company The Company has first applied the following standards and/or amendments s from January 1, 2022: - IAS 16 “Property, plant and equipment”, amended in May 2020: It incorporates amendments to the recognition of inventories, sales and costs of items produced while bringing an item of property, plant and equipment to the location and condition necessary for its intended use. - Annual improvements to IFRS – 2018-2020 Cycle: the amendments were issued in May 2020. Includes amendments to IFRS 1 “First-time adoption of IFRS”; IFRS 9 “Financial instruments”; IFRS 16 “Leases”; and IAS 41 “Agriculture”. - IFRS 3 “Business combinations”, amended in May 2020. It incorporates references to the definitions of assets and liabilities in the new Conceptual Framework and clarifications on contingent assets and liabilities that are incurred separately from those assumed in a business combination. - IAS 37 “Provisions, contingent liabilities and contingent assets”, amended in May 2020. It clarifies the scope of the concept of cost of fulfilling an onerous contract. There are no new IFRS or IFRIC applicable as from this fiscal year that have a material impact on the Company’s financial statements. New accounting standards, amendments and interpretations issued by the IASB that are not yet effective and have not been early adopted by the Company - IFRS 17 “Insurance contracts”, issued in May 2017 and amended in June 2020 and December 2021. It replaces IFRS 4, introduced as an interim standard in 2004, which allowed entities to account for insurance contracts using their local accounting requirements, resulting in multiple application approaches. IFRS 17 sets the principles for the recognition, measurement, presentation, and disclosure of insurance contracts, and applies to annual periods beginning as from January 1, 2023, allowing for its early adoption for entities already applying IFRS 9 and IFRS 15. The Company estimates that the application thereof will impact neither the Company’s results of operations nor its financial position. - IAS 1 “Presentation of financial statements”, amended in January and July 2020, February 2021 and October 2022. It incorporates amendments to the classification of liabilities as current or non-current. It also incorporates the requirement that an entity disclose its material accounting policies rather than its significant accounting policies. It explains how a company can identify a material accounting policy. The amendments apply to annual periods beginning as from January 1, 2023 and January 1, 2024, with early adoption permitted. The application thereof will impact neither the Company’s results of operations nor its financial position. - IAS 8 “Accounting policies, changes in accounting estimates and errors”, amended in February 2021. It replaces the definition of accounting estimates. Under the new definition, accounting estimates are monetary amounts in the financial statements that are subject to measurement uncertainty. The amendments apply to annual periods beginning as from January 1, 2023. The Company estimates that the application thereof will impact neither the Company’s results of operations nor its financial position. - IAS 12 “Income tax”, amended in May 2021. It clarifies how an entity accounts for deferred tax on transactions such as leases and decommissioning obligations. The amendments apply to annual periods beginning as from January 1, 2023. - IFRS 16 “Leases”, amended in September 2022: It clarifies how a seller-lessee subsequently measures sale and leaseback transactions that satisfy the requirements in IFRS 15 to be accounted for as a sale. The amendments apply to annual periods beginning as from January 1, 2024. Note 4.2 | Property, plant and equipment Property, plant and equipment, except for works in progress, is valued at acquisition cost restated to reflect the effects of inflation, net of accumulated depreciation and recognized impairment losses. Depreciation has been calculated by applying the straight-line method over the remaining useful life of the assets, which was determined on the basis of engineering studies. Subsequent costs (major maintenance and reconstruction costs) are either included in the value of the assets or recognized as a separate asset, only if it is probable that the future benefits associated with the assets will flow to the Company, being it possible as well that the costs of the assets may be measured reliably and the investment will improve the condition of the asset beyond its original state. The other maintenance and repair expenses are recognized in profit or loss in the year in which they are incurred. In accordance with the Concession Agreement, the Company may not pledge the assets used in the provision of the public service nor grant any other security interest thereon in favor of third parties, without prejudice to the Company’s right to freely dispose of those assets which in the future may become inadequate or unnecessary for such purpose. This prohibition does not apply in the case of security interests granted over an asset at the time of its acquisition and/or construction as collateral for payment of the purchase and/or installation price. The residual value and the remaining useful lives of the assets are reviewed and adjusted, if appropriate, at the end of each fiscal year (reporting period). Land is not depreciated Facilities in service: between 30 and 50 years Furniture, tools and equipment: between 5 and 20 years Construction in process is valued based on the degree of completion and is recorded at cost restated to reflect the effects of inflation less any impairment loss, if applicable. Cost includes expenses attributable to the construction, when they are part of the cost incurred for the purposes of acquisition, construction or production of property, plant and equipment that necessarily takes a substantial period of time to get ready for its intended use. These assets begin to be depreciated when they are in economic conditions of use. Gains and losses on the sale of property, plant and equipment are calculated by comparing the price collected with the carrying amount of the asset, and are recognized within Other operating expense or Other operating income in the Statement of Comprehensive Income (Loss). The Company considers three alternative probability-weighted scenarios and analyzes the recoverability of its long-lived assets as described in Critical accounting estimates and judgments. The valuation of property, plant and equipment, taken as a whole, does not exceed its recoverable value, which is measured as the higher of value in use and fair value less costs to sell at the end of the year (Note 6.c). Note 4.3 | Interests in joint ventures The main conceptual definitions are as follow: i. A joint arrangement takes place among two or more parties when they have joint control: joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. ii. A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Such parties are called joint venturers. iii. A joint operation is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the assets, and obligations for the liabilities, relating to the arrangement. These parties are called joint operators. The Company accounts for its investment in joint ventures in accordance with the equity method. Under this method, the interest is initially recognized at cost and subsequently adjusted by recognizing the Company’s share in the profit or loss obtained by the joint venture, after acquisition date. The Company recognizes in profit or loss its share of the joint venture’s profit or loss and in other comprehensive income its share of the joint venture’s other comprehensive income. When the Company carries out transactions in the joint ventures, the unrealized gains and losses are eliminated in accordance with the percentage interest held by the Company in the jointly controlled entity. The joint ventures’ accounting policies have been modified and adapted, if applicable, to ensure consistency with the policies adopted by the Company. Furthermore, taking into account that the interests in joint ventures are not regarded as significant balances, the disclosures required under IFRS 12 have not been made. Note 4.4 | Revenue recognition a. Revenue from sales Revenue is measured at the fair value of the consideration collected or to be collected, taking into account the estimated amount of any discount, thus determining the net amounts. Revenue from the electricity supplied by the Company to low-income areas and shantytowns is recognized to the extent that a renewal of the Framework Agreement is formalized for the period in which the service was rendered. At the date of issuance of these financial statements, the Company is negotiating the extensions of the Framework Agreement with the Federal and the Provincial Governments, as the case may be (Note 2.d). Revenue from operations is recognized on an accrual basis and derives mainly from electricity distribution. Such revenue includes electricity supplied, whether billed or unbilled, at the end of each year, which has been valued on the basis of applicable electricity rates. The Company also recognizes revenue from other concepts included in distribution services, such as new connections, reconnections, rights of use on poles, transmission of electricity to other distribution companies, inasmuch as the services are provided on the basis of the price established in each contract. Revenue is not adjusted for the effect of the financing components as sales’ payments are not deferred over time, which is consistent with market practice. The aforementioned revenue from operations was recognized when all of the following conditions were met: 1. The Entity transferred to the buyer the significant risks and rewards; 2. The amount of revenue was measured reliably; 3. It is probable that the economic benefits associated with the transaction will flow to the Entity; 4. The costs incurred or to be incurred, in respect of the transaction, were measured reliably. b. Interest income Interest income is recognized by applying the effective interest rate method. Interest income is recorded in the accounting on a time basis by reference to the principal amount outstanding and the applicable effective rate. Interest income is recognized when it is probable that the economic benefits associated with the transaction will flow to the Entity and the amount of the transaction can be measured reliably. Note 4.5 | Effects of the changes in foreign currency exchange rates a. Functional and presentation currency The information included in the financial statements is measured using the Company’s functional currency, which is the currency of the main economic environment in which the Entity operates. The financial statements are measured in pesos (legal currency in Argentina), restated to reflect the effects of inflation as indicated in Note 3, which is also the presentation currency. b. Transactions and balances Foreign currency denominated transactions and balances are translated into the functional and presentation currency using the rates of exchange prevailing at the date of the transactions or revaluation, respectively. The gains and losses generated by foreign currency exchange differences resulting from each transaction and from the translation of monetary items valued in foreign currency at the end of the year are recognized in the Statement of Comprehensive Income (Loss). The foreign currency exchange rates used are the buying and selling rate for monetary assets and liabilities, respectively, and the specific exchange rate for foreign currency denominated transactions. Note 4.6 | Trade and other receivables a. Trade receivables The receivables arising from services billed to customers but not collected as well as those arising from services rendered but unbilled at the closing date of each year are recognized at fair value and subsequently measured at amortized cost using the effective interest rate method. The receivables from electricity supplied to low-income areas and shantytowns are recognized, along with revenue, when the Framework Agreement has been renewed for the period in which the service was provided and the Federal or the Provincial Government assumes responsibility for the payment of consumption. b. Other receivables Other receivables are initially recognized at fair value (generally the original billing/settlement amount) and subsequently measured at amortized cost, using the effective interest rate method, and when significant, adjusted by the time value of money. The Company records impairment allowances when there is objective evidence that it will not be able to collect all the amounts owed to it in accordance with the original terms of the receivables. Assigned and held-in-custody assets are measured in accordance with Note 4.8. The subsidies received from the Government are recognized when the defined works plans are carried out. Note 4.7 | Inventories The Company’s inventories are materials and supplies to be consumed in the service rendering process. Inventories are valued at acquisition cost restated to reflect the effects of inflation, less recognized impairment losses. They are valued based on the purchase price, import duties (if applicable), and other taxes (that are not subsequently recovered), and other costs directly attributable to the acquisition of those assets. Cost is determined by applying the weighted average price (WAP) method. The Company has classified inventories into current and non-current depending on the period of time in which they are expected to be used, whether for maintenance or capital expenditures. The non-current portion of inventories is disclosed in the “Property, plant and equipment” account. The valuation of inventories, taken as a whole, does not exceed their recoverable value at the end of each fiscal year. Note 4.8 | Financial assets Note 4.8.1 | Classification The Company classifies financial assets into the following categories: those measured at amortized cost and those subsequently measured at fair value. This classification depends on whether the financial asset is an investment in a debt or an equity instrument. In order for a financial asset to be measured at amortized cost, the two conditions described in the following paragraph must be met. All other financial assets are measured at fair value. IFRS 9 requires that all investments in equity instruments be measured at fair value. a. Financial assets at amortized cost Financial assets are measured at amortized cost if the following conditions are met: i. The objective of the Company’s business model is to hold the assets to collect the contractual cash flows; and ii. The contractual terms give rise, on specified dates, to cash flows that are solely payments of principal and interest on principal. b. Financial assets at fair value If any of the above-detailed conditions is not met, financial assets are measured at fair value through profit or loss. All investments in equity instruments are measured at fair value. For those investments that are not held for trading, the Company may irrevocably elect at the time of their initial recognition to present the changes in fair value in other comprehensive income. The Company’s decision was to recognize the changes in fair value in profit or loss. Note 4.8.2 | Recognition and measurement The regular way purchase or sale of financial assets is recognized on the trade date, i.e. the date on which the Company agrees to acquire or sell the asset. Financial assets are derecognized when the rights to receive the cash flows from the investments have expired or been transferred and the Company has transferred substantially all the risks and rewards of the ownership of the assets. Financial assets are initially recognized at fair value plus, in the case of financial assets that are not measured at fair value through profit or loss, transaction costs directly attributable to the acquisition of those financial assets. The gains or losses generated by investments in debt instruments that are subsequently measured at fair value and are not part of a hedging transaction are recognized in profit or loss. Those generated by investments in debt instruments that are subsequently measured at amortized cost and are not part of a hedging transaction are recognized in profit or loss when the financial asset is derecognized or impaired and by means of the amortization process using the effective interest rate method. The Company subsequently measures all the investments in equity instruments at fair value. When it elects to present the changes in fair value in other comprehensive income, such changes cannot be reclassified to profit or loss. Dividends arising from these investments are recognized in profit or loss to the extent that they represent a return on the investment. The Company reclassifies financial assets if and only if its business model to manage financial assets is changed. The expected losses, in accordance with calculated coefficients, are detailed in Note 6.a). Note 4.8.3 | Impairment of financial assets At the end of each annual reporting period, the Company assesses whether there is objective evidence that the value of a financial asset or group of financial assets measured at amortized cost is impaired. The value of a financial asset or group of financial assets is impaired, and impairment losses are incurred only if there is objective evidence of impairment as a result of one or more events that occurred after the initial recognition of the asset (a “loss event”), and that loss event (or events) has an impact on the estimated future cash flows of the financial asset or group of financial assets that can be reliably measured. Impairment tests may include evidence that the debtors or group of debtors are undergoing significant financial difficulties, have defaulted on interest or principal payments or made them after they had come due, the probability that they will enter bankruptcy or other financial reorganization, and when observable data indicate that there is a measurable decrease in the estimated future cash flows, such as changes in payment terms or in the economic conditions that correlate with defaults. In the case of financial assets measured at amortized cost, the amount of the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows (excluding future credit losses that have not been incurred) discounted at the financial asset’s original effective interest rate. The asset’s carrying amount is reduced and the amount of the impairment loss is recognized in the Statement of Comprehensive Income (Loss). While cash, cash equivalents and financial assets measured at amortized cost are also subject to the impairment requirements of IFRS 9, the identified impairment loss is immaterial. Note 4.8.4 | Offsetting of financial instruments Financial assets and liabilities are offset, and the net amount reported in the Statement of Financial Position, when there is a legally enforceable right to offset the recognized amounts, and there is an intention to settle on a net basis, or realize the asset and settle the liability simultaneously. Note 4.9 | Derivative financial instruments Derivative financial instruments are initially recognized at fair value on the date on which the relevant contract is signed. Subsequent to the initial recognition, they are remeasured at their fair value. The method for recognizing the resulting loss or gain depends on whether the derivative has been designated as a hedging instrument and, if that is the case, on the nature of the item being hedged. As of December 31, 2022, the economic impact of these transactions, which resulted in a loss of $ 173 Note 4.10 | Cash and cash equivalents Cash and cash equivalents include cash on hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less from their acquisition date, with significant low risk of change in value. i. Cash and banks in local currency: at nominal value. ii. Cash and banks in foreign currency: at the exchange rate in effect at the end of the year. iii. Money market funds, which have been valued at the prevailing market price at the end of the year. Those that do not qualify as cash equivalents are disclosed in the Financial assets at fair value through profit or loss account. Note 4.11 | Equity Changes in this account have been accounted for in accordance with the relevant legal or statutory regulations and the decisions adopted by the shareholders’ meetings. a. Share capital Share capital represents issued capital, which is comprised of the contributions committed and/or made by the shareholders, represented by shares, including outstanding shares at nominal value, restated to reflect the effects of inflation as indicated in Note 3. b. Treasury stock The Treasury stock account represents the nominal value of the Company’s own shares acquired by the Company, restated to reflect the effects of inflation as indicated in Note 3. c. Other comprehensive income (loss) Represents recognition, at the end of the year, of the actuarial gain (loss) associated with the Company’s employee benefit plans, restated to reflect the effects of inflation as indicated in Note 3. d. Retained earnings Retained earnings are comprised of profits or accumulated losses with no specific appropriation. When positive, they may be distributed, if so decided by the Shareholders’ Meeting, to the extent that they are not subject to legal restrictions. Retained earnings, where applicable, are comprised of the amounts transferred from other comprehensive income and prior year adjustments due to the application of accounting standards, restated to reflect the effects of inflation as indicated in Note 3. CNV General Resolution No. 593/11 provided that Shareholders in the Meetings at which they should decide upon the approval of financial statements in which the Unappropriated retained earnings account has a positive balance, must adopt an express resolution as to the allocation of such balance, whether to dividend distribution, capitalization, setting up of reserves or a combination of these. The Company Shareholders’ Meetings have complied with the above-mentioned requirement. Note 4.12 | Trade and other payables a. Trade payables Trade payables are payment obligations with suppliers for the purchase of goods and services in the ordinary course of business. Trade payables are classified as current liabilities if payments fall due within one year or in a shorter period of time. Otherwise, they are classified as non-current liabilities. Trade payables are initially recognized at fair value and subsequently measured at amortized cost using the effective interest rate method. b. Customer deposits Customer deposits are initially recognized at the amount received and subsequently measured at amortized cost using the effective interest rate method. In accordance with the Concession Agreement, the Company is allowed to receive customer deposits in the following cases: i. When the power supply is requested and the customer is unable to provide evidence of his legal ownership of the premises; ii. When service has been suspended more than once in one-year period; iii. When the power supply is reconnected and the Company is able to verify the illegal use of the service (fraud). iv. When the customer is undergoing liquidated bankruptcy or reorganization proceedings. The Company has decided not to request customer deposits from residential tariff customers. Customer deposits may be paid either in cash or through the customer’s bill and accrue monthly interest at a specific rate of BNA for each customer category. When the conditions for which the Company is allowed to receive customer deposits no longer exist, the customer’s account is credited with the principal amount plus any interest accrued thereon, after deducting, if appropriate, any amount owed by the customer to the Company. c. Customer contributions Refundable d. Other payables The financial liabilities recorded in other payables and the advances for the execution of works, are initially recognized at fair value and subsequently measured at amortized cost. The recorded liabilities for penalties accrued, whether imposed or not yet issued by the ENRE (Note 2.f), and other provisions are the best estimate of the settlement value of the present obligation in the framework of IAS 37 provisions at the closing date of these financial statements. The balances of ENRE penalties and discounts are updated in accordance with the regulatory framework applicable thereto and on the basis of the Company’s estimate of the outcome of the renegotiation process described in Note 2.f. Note 4.13 | Borrowings Borrowings are initially recognized at fair value, less direct costs incurred in the transaction. Subsequently, they are measured at amortized cost; any difference between the funds obtained (net of direct costs incurred in the transaction) and the amount to be paid at maturity is recognized in profit or loss during the term of the borrowings using the effective interest rate method. Note 4.14 | Deferred revenue Non-refundable customer contributions · Customer connection to the network: revenue is accrued until such connection is completed; · Continuous provision of the electric power supply service: throughout the shorter of the useful life of the asset and the term for the provision of the service. Government grants Note 4.15 | Employee benefits · Benefit plans The Company operates several benefit plans. Usually, benefit plans establish the amount of the benefit an employee will receive at the time of his/her retirement, generally based on one or more factors such as age, years of service and salary. The liability recognized in the Statement of Financial Position in respect of benefit plans is the present value of the benefit plan obligation at the closing date of the year, together with the adjustments for past service costs and actuarial gains or losses. The benefit plan obligation is calculated annually by independent actuaries in accordance with the projected unit credit method. The present value of the benefit plan obligation is determined by discounting the estimated future cash outflows using actuarial assumptions about demographic and financial variables that affect the determination of the amount of such benefits. The benefit plans are not funded. The Company’s accounting policy for benefit plans is as follow: a. Service costs are immediately recorded in profit or loss, unless the changes to the benefit plan are conditional on the employees’ remaining in service for a specified period of time (the vesting period). In this case, past service costs are amortized on a straight-line basis over the vesting period. b. Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are recognized in “Other comprehensive income” in the year in which they arise. · The Company’s Share-based Compensation Plan The Company has share-based compensation plans under which it receives services from some employees in exchange for the Company’s shares. The fair value of the services received is recognized as an operating expense in the “Salaries and social security taxes” line item. The total amount of the referred to expense is determined by reference to the fair value of the shares granted. When the employees provide the services before the shares are granted, the fair value at the grant date is estimated in order to recognize the relevant result. Furthermore, taking into account that share-based payments are not considered significant balances, the disclosures required under IFRS 2 have not been made. Note 4.16 | Income tax The income tax is recognized in profit or loss, other comprehensive income or in equity depending on the items from which it originates. The Company determines the income tax payable by applying the effective 35 By means of Law No. 27,630, a change was introduced in the corporate income tax rate, applicable to fiscal years beginning from January 1, 2021. The tax will be determined according to the following scale: Schedule of tax determination Accumulated net taxable income Amount to be paid $ Plus % On the amount exceeding $ From more than $ To $ $ 0 $ 5 $ 0 25 $ 0 $ 5 $ 50 $ 1.25 30 $ 5 $ 50 onwards $ 14.75 35 $ 50 The amounts of the detailed scale will be adjusted annually, beginning January 1, 2022, taking into consideration the annual variation of the Consumer Price Index (CPI) provided by the National Institute of Statistics and Census (INDEC). Additionally, the deferred tax is recognized, in accordance with the liability method, on the temporary differences arising between the tax base of assets and liabilities and their carrying amounts in the Statement of Financial Position. However, no deferred tax liability is recognized if such difference arises from the initial recognition of goodwill, or from the initial recognition of an asset or liability other than in a business combination, which at the time of the transaction affected neither the accounting nor the taxable profit. The deferred tax is determined using the effective rate resulting from the application of the tax scale in effect at the closing date of the financial statements and which is expected to apply when the deferred tax assets are realized or the deferred tax liabilities are settled. Deferred tax assets and liabilities are offset if the Company has a legally enforceable right to offset recognized amounts and when deferred tax assets and liabilities relate to income tax levied by the same tax authority on the same taxable entity. Deferred tax assets and liabilities are stated at their undiscounted nominal value. Moreover, in accordance with the provisions of Law No. 27,430, the Company has applied the tax inflation adjustment set forth in Title VI of the Income Tax Law, effective for fiscal years beginning as from January 1, 2018, albeit with a limited scope of application for certain accounts. The tax inflation adjustment for the first, second and third fiscal year was applicable as from its effective date in 2018, if the CPI cumulative variation, calculated from the beginning to the end of each year, exceeded fifty-five percent (55%), thirty percent (30%) and fifteen percent (15%) for fiscal years 2018, 2019 and 2020, respectively. Although as of December 31, 2018, the CPI cumulative variation did not exceed the 55% threshold for the application of the tax inflation adjustment in that first fiscal year, as of December 31, 2020 and 2019, the CPI cumulative variations for the 12 months of each year had amounted to 36.13% and 53.77%, respectively, which exceeded the 15% and 30% thresholds fixed for the third and second transition years of the tax inflation adjustment, and, therefore, the Company recognized the effect of the tax inflation adjustment in the calculation of the current and deferred income tax provision in those fiscal years. As from fiscal years ended in December 2021, fourth fiscal year since the implementation of the tax inflation adjustment, the threshold for its application is that the cumulative variation of the aforementioned index for the thirty-six months prior to the closing date of the relevant fiscal year be greater than 100%. Furthermore, unlike fiscal years 2019 and 2020, for fiscal year 2021, such adjustment was no longer to be applied with deferrals (over six fiscal years) but rather computed in full in the tax balance sheet for that period. Furthermore, in accordance with the provisions of the 2023 Budget Law, for fiscal year 2022 the deferral in thirds of the tax inflation adjustment is to be retroactively applied; therefore, the Company recognized the effects in the calculation of the current and deferred income tax provision. Note 4.17 | Leases A right-of-use asset and a lease liability ar

Financial risk management

Financial risk management	12 Months Ended
	Dec. 31, 2022
Financial Risk Management
Financial risk management	Note 5 | Financial risk management Nota 5.1 | Financial risk factors The Company’s activities and the market in which it operates expose the Company to a number of financial risks: market risk (including currency risk, cash flows interest rate risk, fair value interest rate risk and price risk), credit risk and liquidity risk. The management of the financial risk is part of the Company’s overall policies, which focus on the unpredictability of the financial markets and seek to minimize potential adverse effects on its financial performance. Financial risks are the risks derived from the financial instruments to which the Company is exposed during or at the end of each year. The Company uses derivative instruments to hedge exposure to certain risks whenever it deems appropriate in accordance with its internal risk management policy. Risk management is controlled by the Finance and Control Department, which identifies, evaluates and hedges financial risks. Risk management policies and systems are periodically reviewed so that they can reflect the changes in the market’s conditions and the Company’s activities. This section includes a description of the main risks and uncertainties that could have a material adverse effect on the Company’s strategy, performance, results of operations and financial position. a. Market risks i. Currency risk Currency risk is the risk of fluctuation in the fair value or future cash flows of a financial instrument due to changes in foreign currency exchange rates. The Company’s exposure to currency risk relates to the collection of its revenue in pesos, in conformity with regulated electricity rates that are not indexed in relation to the US dollar, whereas a significant portion of its existing financial debt is denominated in US dollars. Therefore, the Company is exposed to the risk of a loss resulting from a devaluation of the peso. The Company may hedge its currency risk by trying to enter into currency futures. At the date of issuance of these financial statements, the Company has not hedged its exposure to the US dollar. If the Company continued to be unable to effectively hedge all or a significant part of its exposure to currency risk, any devaluation of the peso could significantly increase its debt service burden, which, in turn, could have a substantial adverse effect on its financial and cash position (including its ability to repay its Corporate Notes) and the results of its operations. As of December 31, 2022 and 2021, the Company’s balances in foreign currency are as follow: Schedule of balances in foreign currency Currency Amount in foreign currency Exchange rate (1) Total Total ASSETS CURRENT ASSETS Other receivables USD 19.3 176.960 3,415 201 Financial assets at fair value through profit or loss USD 81.7 176.960 14,458 9,203 Cash and cash equivalents USD 0.2 176.960 35 2,402 TOTAL CURRENT ASSETS 17,908 11,806 TOTAL ASSETS 17,908 11,806 LIABILITIES NON-CURRENT LIABILITIES Borrowings USD 82.1 177.160 14,537 — TOTAL NON-CURRENT LIABILITIES 14,537 — CURRENT LIABILITIES Trade payables USD 17.7 177.160 3,136 2,402 EUR 0.2 189.259 38 — Borrowings USD 1.0 177.160 184 19,989 Other payables USD 1.3 177.160 228 2,001 TOTAL CURRENT LIABILITIES 3,586 24,392 TOTAL LIABILITIES 18,123 24,392 (1) The exchange rates used are the BNA exchange rates in effect as of December 31, 2022 for US Dollars (USD) and Euros (EUR). The table below shows the Company’s exposure to currency risk resulting from the financial assets and liabilities denominated in a currency other than the Company’s functional currency. Schedule of Exposure to currency risk 12.31.22 12.31.21 Net position US dollar (177 ) (12,586 ) Euro (38 ) — Total (215 ) (12,586 ) The Company estimates that a 10% devaluation of the Argentine peso with respect to each foreign currency, with all other variables held constant, would give rise to the following decrease in the loss for the year: Schedule of decrease in results of operation 12.31.22 12.31.21 Net position US dollar (18 ) (1,259 ) Euro (4 ) — Decrease in the results of operations for the year (22 ) (1,259 ) ii. Price risk The Company’s investments in listed equity instruments are susceptible to market price risk arising from the uncertainties concerning the future value of these instruments. Due to the low significance of the investments in equity instruments in relation to the net asset/liability position, the Company is not significantly exposed to the referred to instruments price risk. Furthermore, the Company is not exposed to commodity price risk. iii. Interest rate risk It is the risk of fluctuation in the fair value or cash flows of an instrument due to changes in market interest rates. The Company’s exposure to interest rate risk is related mainly to the long-term debt obligations. Indebtedness at floating rates exposes the Company to interest rate risk on its cash flows. Indebtedness at fixed rates exposes the Company to interest rate risk on the fair value of its liabilities. As of December 31, 2022 and 2021, 100% of the loans were obtained at fixed interest rates. The Company’s policy is to keep the largest percentage of its indebtedness in instruments that accrue interest at fixed rates. The Company analyzes its exposure to interest rate risk in a dynamic manner. Several scenarios are simulated taking into account the positions with respect to refinancing, renewal of current positions, alternative financing and hedging. Based on these scenarios, the Company calculates the impact on profit or loss of a specific change in interest rates. In each simulation, the same interest rate fluctuation is used for all the currencies. Scenarios are only simulated for liabilities that represent the most relevant interest-bearing positions. b. Credit risk It is the risk of a financial loss as a consequence of a counterparty’s failure to comply with the obligations assumed in a financial instrument or commercial contract. The Company’s exposure to credit risk results from its operating (particularly from its commercial receivables) and financial activities, including deposits in financial entities and other instruments. Credit risk arises from cash and cash equivalents, deposits with banks and financial entities and derivative financial instruments, as well as from credit exposure to customers, including outstanding balances of accounts receivable and committed transactions. With regard to banks and financial entities, only those with high credit quality are accepted. With regard to debtors, if there are no independent credit risk ratings, the Finance Department evaluates the debtors’ credit quality, past experience and other factors. Individual credit limits are set in accordance with the limits set by the Company’s CEO, on the basis of the internal or external ratings approved by the Finance and Control Department. The Company has different procedures in place to reduce energy losses and allow for the collection of the balances owed by its customers. The Operations and Customer Service Departments periodically monitor compliance with the above-mentioned procedures. One of the significant items of delinquent balances is that related to the receivable amounts with Municipalities, in respect of which the Company applies different offsetting mechanisms against municipal taxes it collects in the name and to the order of those government bodies and debt refinancing plans, with the aim of reducing its exposure. At each fiscal year-end, the Company analyzes whether the recording of an impairment is necessary. As of December 31, 2022 and 2021, delinquent trade receivables totaled approximately $ 6,562 4,235 20,277 4,634 11,700 The inability to collect the amounts receivable in the future could have an adverse effect on the Company’s results of operations and its financial position, which, in turn, could have an adverse effect on the Company’s ability to repay loans, including payment of the Corporate Notes. The balances of the bills for electricity consumption of T1 (small-demand), T2 (medium-demand) and T3 (large-demand) customers that remain unpaid seven working days after the bills’ first due dates are considered delinquent trade receivables. Additionally, the amounts included in the Framework Agreement are not considered within delinquent balances of the electricity supplied to low-income areas and shantytowns. The Company’s maximum exposure to credit risk is based on the book value of each financial asset in the financial statements, after deducting the corresponding allowances. c. Liquidity risk The Company monitors the risk of a deficit in cash flows on a periodical basis. The Finance Department supervises the updated projections of the Company’s liquidity requirements in order to ensure that there is enough cash to meet its operating needs, permanently maintaining sufficient margin for undrawn credit lines so that the Company does not fail to comply with the indebtedness limits or covenants, if applicable, of any line of credit. Such projections give consideration to the Company’s debt financing plans, compliance with covenants, with internal balance sheet financial ratios objectives and, if applicable, with external regulations and legal requirements, such as, restrictions on the use of foreign currency. Cash surpluses held by the Company and the balances in excess of the amounts required to manage working capital are invested in money market funds and/or time deposits that accrue interest, currency deposits and securities, choosing instruments with appropriate maturities or sufficient liquidity to provide sufficient margin as determined in the aforementioned projections. As of December 31, 2022 and 2021, the Company’s current financial assets at fair value amount to $ 28,701 30,097 The table below includes an analysis of the Company’s non-derivative financial liabilities, which have been classified into maturity groupings based on the remaining period between the closing date of the fiscal year and the contractual maturity date. Derivative financial liabilities are included in the analysis if their contractual maturities are essential for an understanding of the timing of the cash flows. The amounts disclosed in the table are the contractual undiscounted cash flows. Schedule of analysis of non-derivative financial liabilities No deadline Less than 3 months From 3 months to 1 year From 1 to 2 years From 2 to 5 years Total As of December 31, 2022 Trade payables and other liabilities 120,470 67,730 9,468 409 23,705 221,782 Borrowings — — 184 14,537 — 14,721 Total 120,470 67,730 9,652 14,946 23,705 236,503 As of December 31, 2021 Trade payables and other liabilities 103,096 52,522 14,009 606 24,386 194,619 Borrowings — — 19,989 — — 19,989 Total 103,096 52,522 33,998 606 24,386 214,608 Nota 5.2 | Concentration risk factors a. Related to customers The Company’s receivables derive primarily from the sale of electricity. No single customer accounted for more than 10% of sales for the years ended December 31, 2022 and 2021. b. Related to employees who are union members As of December 31, 2022, the Company’s employees are members of unions, Sindicato de Luz y Fuerza de Capital Federal (Electric Light and Power Labor Union of the Federal Capital) and Asociación del Personal Superior de Empresas de Energía (Association of Supervisory Personnel of Energy Companies). These employees labor cost depends on negotiations between the Company and the unions; a sensitive change in employment conditions generates a significant impact on the Company’s labor costs. The collective bargaining agreements entered into in March 2020 were subsequently revised in September and November 2022 and in February 2023, as a consequence of the inflationary context in which the Argentine economy is immersed. At the date of issuance of the financial statements, there is no certainty concerning future collective bargaining agreements. Nota 5.3 | Capital risk management The Company’s objectives when managing capital are to safeguard its ability to continue operating as a going concern and to maintain an optimal capital structure to reduce the cost of capital. Consistent with others in the industry, the Company monitors its capital on the basis of the gearing ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated as total liabilities (current and non-current) less cash and cash equivalents. Total capital is calculated as equity as shown in the Statement of Financial Position plus net debt. The gearing ratios at December 31, 2022 and 2021 were as follow: Schedule of gearing ratios 12.31.22 12.31.21 Total liabilities 354,465 319,718 Less: Cash and cash equivalents and Financial assets at fair value through profit or loss (30,331 ) (36,276 ) Net debt 324,134 283,442 Total Equity 125,666 143,550 Total capital attributable to owners 449,800 426,992 Gearing ratio 72.06 % 66.38 % Nota 5.4 | Regulatory risk factors Pursuant to caption C of Section 37 of the Concession Agreement, the Grantor of the Concession may, without prejudice to other rights to which the Grantor is entitled thereunder, foreclose on the collateral granted by the Company when the cumulative value of the penalties imposed to the Company in the previous one-year period exceeds 20% of its annual billing, net of taxes and fees. The Company’s Management evaluates the development of this indicator on an annual basis. At the date of issuance of these financial statements, there are no events of non-compliance by the Company that could lead to that situation. Nota 5.5 | Fair value estimate The Company classifies the measurements of financial instruments at fair value using a fair value hierarchy that reflects the relevance of the variables used to carry out such measurements. The fair value hierarchy has the following levels: Level 1 Level 2 Level 3 The table below shows the Company’s financial assets and liabilities measured at fair value as of December 31, 2022 and 2021: Schedule of financial assets and liabilities measured at fair value LEVEL 1 At December 31, 2022 Assets Other receivables Transferred assets and in custody 4,675 Financial assets at fair value through profit or loss: Negotiable instruments 13,716 Mutual funds 14,985 Cash and cash equivalents: Mutual funds 763 Total assets 34,139 At December 31, 2021 Assets Financial assets at fair value through profit or loss: Negotiable instruments 17,281 Mutual funds 12,816 Cash and cash equivalents Mutual funds 2,627 Total assets 32,724 The value of the financial instruments traded in active markets is based on the quoted market prices at the Statement of Financial Position date. A market is regarded as active if quoted prices are regularly available from a stock exchange, broker, sector-specific institution or regulatory agency, and those prices represent current and regularly occurring market transactions on an arms’ length basis. The quoted market price used for financial assets held by the Company is the current bid price. These instruments are included in level 1. The fair value of financial instruments that are not traded in active markets is determined by using valuation techniques. These valuation techniques maximize the use of observable market data, where it is available, and rely as little as possible on specific estimates of the Company. If all the significant variables to establish the fair value of a financial instrument are observable, the instrument is included in level 2. There are no financial instruments that are to be included in level 2. If one or more of the significant variables used to determine fair value are not observable in the market, the financial instrument is included in level 3. There are no financial instruments that are to be included in level 3.

Critical accounting estimates a

Critical accounting estimates and judgments	12 Months Ended
	Dec. 31, 2022
Critical Accounting Estimates And Judgments
Critical accounting estimates and judgments	Note 6 | Critical accounting estimates and judgments The preparation of the financial statements requires the Company’s Management to make estimates and assessments concerning the future, exercise critical judgments and make assumptions that affect the application of the accounting policies and the reported amounts of assets and liabilities and revenues and expenses. These estimates and judgments are continually evaluated and are based upon past experience and other factors that are reasonable under the existing circumstances. Future actual results may differ from the estimates and assessments made at the date of preparation of these financial statements. The estimates that have a significant risk of causing adjustments to the amounts of assets and liabilities during the next fiscal year are detailed below: a. Impairment of financial assets The allowance for the impairment of accounts receivable is assessed based on the delinquent balance, which comprises all such debt arising from the bills for electricity consumption of T1 (small-demand), T2 (medium-demand), and T3 (large-demand) customers that remain unpaid seven working days after their first due dates. The Company’s Management records an allowance by applying to the delinquent balances of each customer category an uncollectibility rate that is determined according to each customer category, based on the historical comparison of collections made. Additionally, and faced with temporary and/or exceptional situations, the Company’s Management may redefine the amount of the allowance, specifying and supporting the criteria used in all the cases. The Company has performed a review of the financial assets it currently measures and classifies at fair value through profit or loss or at amortized cost and has concluded that they meet the conditions to maintain their classification; consequently, the initial adoption affected neither the classification nor the measurement of the Company’s financial assets. b. Revenue recognition Revenue is recognized on an accrual basis upon delivery to customers, which includes the estimated amount of unbilled distribution of electricity at the end of each year. The accounting policy for the recognition of estimated revenue is considered critical because it depends on the amount of electricity effectively delivered to customers, which is valued on the basis of applicable electricity rates. Unbilled revenue is classified as current trade receivables. c. Impairment of long-lived assets The Company analyzes the recoverability of its long-lived assets on a periodical basis or when events or changes in circumstances indicate that the recoverable amount of the long-lived assets, which is measured as the higher of value in use and fair value less costs to sell at the end of the year, may be impaired. Due to the new events that occurred in the fiscal year, mainly those mentioned in Notes 1, 2.b. and 2.c., the projections made by the Company concerning the recoverability of its property, plant and equipment have been updated. The value in use is determined on the basis of projected and discounted cash flows, using discount rates that reflect the time value of money and the specific risks of the assets under consideration. Cash flows are prepared based on estimates concerning the future performance of certain variables that are sensitive to the determination of the recoverable amount, among which the following can be noted: (i) nature, timing, and modality of the electricity rate increases; (ii) demand for electricity projections; (iii) development of the costs to be incurred; (iv) investment needs in line with the service quality levels required by the regulatory authority, and (v) macroeconomic variables, such as growth rates, inflation rates and foreign currency exchange rates, among others. The other variables have low impact on the calculation and have been estimated by the Company using the best available information. The Company has made its projections under the assumption that in the next few years it will obtain the delayed electricity rates adjustments to which it is entitled in accordance with the applicable regulations, using as a basis a Discount rate (WACC) in dollars of 14.62 However, the Company is not in a position to ensure that the future performance of the assumptions used for making its projections will be in line with that which the control authorities will define, therefore, they could differ significantly from the estimates and assessments made at the date of preparation of these financial statements. In order to consider the estimation risk included in the projections of the aforementioned variables, the Company has taken into consideration three alternative probability-weighted scenarios, which are detailed below: a) Scenario No. 1: considers adjustments in the VAD in accordance with ENRE Resolution No. 241/2023 (Note 2.b.) in the months of April and June 2023, and an additional adjustment in the month of October on account of the CPD increases set by the RTI that had not been applied as of that date. As from February 2024, electricity 25 b) Scenario No. 2: considers adjustments in the VAD in accordance with ENRE Resolution No. 241/2023 (Note 2.b.) in the months of April and June 2023, and an additional adjustment (lower than that of Scenario No.1) in the month of October on account of the CPD increases set by the RTI that had not been applied as of that date. As from February 2024, electricity . 60 c) Scenario No. 3: considers adjustments in the VAD in accordance with ENRE Resolution No. 241/2023 (Note 2.b.) in the months of April and June 2023. In February 2024, the CPD for 2023 is transferred to the electricity rate, in a percentage lower than that set by the RTI. As from August 2024, in a percentage lower than that set by the RTI 15 In all the cases, payments under the payment plan resulting from the Framework Agreement (Note 2.c) for the debt incurred with CAMMESA until August 2022 are made. A similar plan (with no reduction in principal or interest) is applied to the debt with CAMMESA of the September 2022 - February 2023 period. As from March 2023, 100% of the invoice is paid. The Company has assigned to these three scenarios the previously detailed probability of occurrence percentages based mainly on experience and giving consideration to the current economic and financial situation. After having carried out the analysis of recoverability of long-lived assets, as of the date of these financial statements, the Company has recorded no additional impairments of property, plant and equipment. Sensitivity analysis: The main factors that could result in impairment charges or recoveries in future periods are: i) a distortion in the nature, timing, and modality of the electricity rate increases; ii) a distortion in the nature, timing, and modality of the settlement of the debt with CAMMESA. These factors have been taken into account in the aforementioned weight of scenarios. Due to the uncertainty inherent in these assumptions, the Company estimates that any sensitivity analysis that considers changes in any of them taken individually could lead to significant changes in the determination of the recoverable value. d. Current and deferred income tax A degree of judgment is required to determine the income tax provision inasmuch as the Company’s Management has to evaluate, on an ongoing basis, the positions taken in tax returns in respect of situations in which the applicable tax regulation is subject to interpretation and, whenever necessary, make provisions based on the amount expected to be paid to the tax authorities. When the final tax outcome of these matters differs from the amounts initially recognized, such differences will impact both the income tax and the deferred tax provisions in the fiscal year in which such determination is made. There are many transactions and calculations for which the ultimate tax determination is uncertain. The Company recognizes liabilities for eventual tax claims based on estimates of whether additional taxes will be due in the future. Deferred tax assets are reviewed at each reporting date and reduced according to the probability that a sufficient taxable base will be available to allow for the total or partial recovery of these assets. Deferred tax assets and liabilities are not discounted. The realization of deferred tax assets depends on the generation of future taxable income in the periods in which these temporary differences become deductible. To make this assessment, the Company’s Management takes into consideration the scheduled reversal of deferred tax liabilities, the projected future taxable income, the prevailing rates to be applied in each period, and tax planning strategies. e. Benefit plans The liability recognized by the Company is the best estimate of the present value of the cash flows representing the benefit plan obligation at the closing date of the year together with the adjustments for past service costs and actuarial losses. Cash flows are discounted using a rate that contemplates actuarial assumptions about demographic and financial conditions that affect the determination of benefit plans. Such estimate is based on actuarial calculations made by independent professionals in accordance with the projected unit credit method. f. ENRE penalties and discounts The Company considers its applicable accounting policy for the recognition of ENRE penalties and discounts critical because it depends on penalizable events that are valued on the basis of the Management´s best estimate of the expenditure required to settle the present obligation at the date of these financial statements. The balances of ENRE penalties and discounts are adjusted in accordance with the regulatory framework applicable thereto and have been estimated based on that which has been described in Note 2.f. g. Contingencies and provisions for lawsuits The Company is a party to several complaints, lawsuits and other legal proceedings, including customer claims, in which a third party is seeking payment for alleged damages, reimbursement for losses or compensation. The Company’s potential liability with respect to such claims, lawsuits and legal proceedings cannot be accurately estimated. The Company’s Management, with the assistance of its legal advisors, periodically analyzes the status of each significant matter and evaluates the Company’s potential financial exposure. If the loss deriving from a complaint or legal proceeding is considered probable and the amount can be reasonably estimated, a provision is recorded. Provisions for contingent losses represent a reasonable estimate of the losses that will be incurred, based on the information available to Management at the date of the financial statements preparation, taking into account the Company’s litigation and settlement strategies. These estimates are mainly made by Management. However, if the Management’s estimates proved wrong, the current provisions could be inadequate and result in a charge to profits that could have a material effect on the Statements of Financial Position, Comprehensive Income (Loss), Changes in Equity and Cash Flows.

Interest in joint ventures

Interest in joint ventures	12 Months Ended
	Dec. 31, 2022
Interest In Joint Ventures
Interest in joint ventures	Note 7 | Interest in joint ventures The Company’s interests in joint ventures as of December 31, 2022 and 2021 are as follow: Schedule of interest in joint ventures Percentage interest held Equity attributable to the owners in capital stock and votes 12.31.22 12.31.21 SACME 50.00 % 21 27

Contingencies and lawsuits

Contingencies and lawsuits	12 Months Ended
	Dec. 31, 2022
Contingencies And Lawsuits
Contingencies and lawsuits	Note 8 | Contingencies and lawsuits The Company has contingent liabilities and is a party to lawsuits that arise from the ordinary course of business. The Company’s Management estimates that the outcome of the current contingencies and lawsuits will not result in amounts that either exceed those of the recorded provisions or could be significant with respect to the Company’s financial position or the results of its operations. Furthermore, it is worth mentioning that there exist contingent obligations and labor, civil and commercial complaints filed against the Company related to legal actions for individual non-significant amounts, which as of December 31, 2022 total $ 7,054 We detail below the nature of the significant judicial processes in relation to which, as of December 31, 2022, the Company believes, based on the opinion of its in-house and external legal advisors, there exist grounds for them not to be deemed probable. - Federal Administration of Public Revenues (“AFIP”) – Difference in contribution rate to the Single Social Security System (“SUSS”) (executive order 814/2001) for the 12/2011- 11/2019 fiscal periods On July 6, 2021, the Company filed an appeal to the Federal Social Security Court of Appeals against AFIP Resolution No. 1740/2021 that dismissed the presentation made by edenor Additionally, on April 8, 2021, the Company was notified by the AFIP of a new resolution pursuant to which a debt had been assessed for the same concept, relating to the July 2019-November 2019 period. The resolution was challenged by the Company on September 23, 2021. This new notification follows the one received on July 12, 2018 relating to the December 2011-December 2016 period, and has been appealed to the Federal Social Security Court of Appeals. The Company’s Management believes that the application of the 17% rate is correct. In this regard, in accordance with the analysis performed, it is reasonable that “minority government-owned corporations ( sociedades anónimas con simple participación estatal sociedades anónimas The Company filed appeals to the Federal Social Security Court of Appeals, on July 6, 2021 and September 13, 2021, against the first two resolutions, relating to the 01/2017-06/2019 and 11/2011-12/2016 periods, respectively, as the administrative remedies available in relation thereto have been exhausted. Finally, on August 23, 2022 the Company was notified by the AFIP of the resolution whereby the challenge filed is rejected and the adjustment assessed under Verification Process Order No. 1,893,337 for the periods of July 2019 through November 2019 is confirmed. This act exhausted all the available administrative remedies. In view of the disagreement over the adjustment, on October 4, 2022 the Company filed an Appeal to the Federal Social Security Court of Appeals. In the Company’s opinion, strong and sufficient arguments exist to make its position prevail at the judicial stage. Consequently, as of December 31, 2022 no liabilities whatsoever have been recorded by the Company for this matter. - National Regulatory Authority for the Distribution of Electricity, Proceeding for the Determination of a Claim” (case file No. 16/2020) On May 4, 2021, the Company was served notice of a complaint filed by the ENRE in connection with edenor At the date of issuance of these financial statements, the Company has answered the complaint, with the case being currently in process. The Company believes that it has sufficient authority under the Agreement on the Renegotiation of the Concession Agreement to support the payment made under such conditions and considers it to be in compliance with the law, to have an extinguishing effect and to have implied no damage to the users. In this regard, the Company believes that there exist sufficient and solid arguments to make its position prevail at the judicial stage; therefore, no liabilities whatsoever for this concept have been recorded as of December 31, 2022. - AFIP’s Income Tax claim, Undocumented outflows and VAT On July 2, 2020, and at the request of the Court hearing a criminal case, the AFIP initiated a sua sponte usinas mixtas In this regard, on May 17, 2021 the AFIP notified the Company of three resolutions, whereby the tax authorities resolved: i) To object to the Company’s transactions with two suppliers, and thereby to the related tax credit for the January 2017-December 2018 monthly tax periods; ii) That the Company would have deducted from its tax balance sheets for the 2017 and 2018 tax periods unfounded expenses and/or costs related to the transactions presumably carried out with the suppliers in question; iii) To object to the transactions with both suppliers and the destination of the funds earmarked for the settlement thereof; iv) To initiate investigative proceedings for the 2017 and 2018 periods in respect of: a. Income tax; b. Value Added Tax; c. Undocumented outflows. On July 6, 2021, the Company answered the notice, with respect to the income tax, undocumented outflows and value added tax concepts for the 2017 and 2018 tax periods, answering to the charges and filing a motion for nullity on the AFIP’s tax claim, stating the legal foundations and submitting the relevant documentary evidence. Additionally, in response to the Tax Authorities’ subsequent orders aimed at obtaining further evidence, the duly submitted information was supplemented with more details, in the two presentations dated September 23 and October 14, 2021. On November 17, 2021, the Company was served notice of three resolutions from the AFIP with the respective sua sponte The Company believes that the assessments issued by the AFIP are groundless; therefore, on December 10, 2021 an Appeal was filed to the Federal Tax Court against the three rulings. This appeal, which at the date of issuance of these financial statements is under the period for producing evidence, stays the execution of payment. On February 18, 2022, the Company was served notice of the initiation of a new verification process in respect of the same suppliers in question, with a request for additional information on transactions performed from January 2019 until October 2021. It was answered within the legal timeframe and in proper form on March 8, 2022. The verification process is currently open. On December 26, 2022, the Company was served notice of the court of original jurisdiction’s decision whereby the criminal charges against all the former executive officers of edenor In the Company’s opinion, strong and sufficient arguments exist to make its position prevail at the subsequent judicial stages of the process. Therefore, no liabilities whatsoever have been recorded for this matter as of December 31, 2022.

Revenue from sales and energy p

Revenue from sales and energy purchases	12 Months Ended
	Dec. 31, 2022
Revenue From Sales And Energy Purchases
Revenue from sales and energy purchases	Note 9 | Revenue from sales and energy purchases We provide below a brief description of the main services provided by the Company: Sales of electricity Schedule of revenue description Small demand segment: Residential use and public lighting (T1) Relates to the highest demand average recorded over 15 consecutive minutes that is less than 10 kilowatts. In turn, this segment is subdivided into different residential categories based on consumption. This segment also includes a category for public lighting. Users are categorized by the Company according to their consumption. Medium demand segment: Commercial and industrial customers (T2) Relates to the highest demand average recorded over 15 consecutive minutes that is equal to or greater than 10 Kilowatts but less than 50 Kilowatts. The Company agrees with the user the supply capacity. Large demand segment (T3) Relates to the highest demand average recorded over 15 consecutive minutes that is greater than 50 Kilowatts. In turn, this segment is subdivided into categories according to the supply voltage -low, medium or high-, from voltages of up to 1 Kilovolt to voltages greater than 66 Kilovolts. Other: (Shantytowns/ Wheeling system) Revenue is recognized to the extent that a renewal of the Framework Agreement has been formalized for the period in which the service was rendered. In the case of the service related to the Wheeling system, revenue is recognized when the Company allows third parties (generators and large users) to access to the available transmission capacity within its distribution system upon payment of a wheeling fee. Other services Right of use of poles Revenue is recognized to the extent that the rental value of the right of use of the poles used by the Company’s electricity network has been agreed upon for the benefit of third parties. Connection and reconnection charges Relate to revenue accrued for the carrying out of the electricity supply connection of new customers or the reconnection of already existing users. Energy purchases Energy purchase The Company bills its users the cost of its purchases of energy, which includes charges for purchases of energy and power. The Company purchases electric power at seasonal prices approved by the SE. The price of the Company’s electric power represents transmission costs and other regulatory charges. Energy losses Energy losses are equivalent to the difference between energy purchased and energy sold. These losses can be classified into technical and non-technical losses. Technical losses represent the energy lost during transmission and distribution within the network as a consequence of the natural heating of the conductors and transformers that carry electricity from power generation plants to users. Non-technical losses represent the remainder of the Company’s energy losses and are mainly due to the illegal use of its services or the theft of energy. Energy losses require that the Company purchase additional energy in order to meet the demand and its Concession Agreement allows it to recover from its users the cost of these purchases up to a loss factor specified in its concession for each rate category. The current loss factor recognized in the electricity rate by virtue of its concession amounts to approximately 9.1%. Schedule of sales of electricity 12.31.22 12.31.21 12.31.20 GWh $ GWh $ GWh $ Sales of electricity Small demand segment: Residential use and public lighting (T1) 13,052 112,853 12,373 130,223 11,600 168,574 Medium demand segment: Commercial and industrial (T2) 1,529 21,035 1,447 23,668 1,341 30,990 Large demand segment (T3) 3,714 61,391 3,492 55,576 3,210 58,284 Other: (Shantytowns/Wheeling system) 4,531 9,320 4,398 10,114 4,028 9,146 Subtotal - Sales of electricity 22,826 204,599 21,710 219,581 20,179 266,994 Other services Right of use of poles 1,115 1,367 1,237 Connection and reconnection charges 121 143 158 Subtotal - Other services 1,236 1,510 1,395 Total - Revenue 205,835 221,091 268,389 12.31.22 12.31.21 12.31.20 GWh $ GWh $ GWh $ Energy purchases (1) 27,158 (143,228 ) 26,373 (135,966 ) 25,124 (170,264 ) (1) As of December 31, 2022, 2021 and 2020, includes technical and non-technical energy losses for 4,333 GWh, 4,663 GWh and 4,945 GWh, respectively.

Expenses by nature

Expenses by nature	12 Months Ended
	Dec. 31, 2022
Expenses By Nature
Expenses by nature	Note 10 | Expenses by nature The breakdown of expenses by nature is as follows: The breakdown of expenses by nature Expenses by nature at 12.31.22 Description Transmission and distribution expenses Selling expenses Administrative expenses Total Salaries and social security taxes 22,553 3,373 6,805 32,731 Pension plans 828 124 250 1,202 Communications expenses 444 844 1 1,289 Allowance for the impairment of trade and other receivables — 2,199 — 2,199 Supplies consumption 3,258 — 329 3,587 Leases and insurance — 2 1,125 1,127 Security service 1,109 143 176 1,428 Fees and remuneration for services 10,245 5,740 6,640 22,625 Public relations and marketing — 1,896 — 1,896 Advertising and sponsorship — 977 — 977 Reimbursements to personnel — — 2 2 Depreciation of property, plant and equipment 14,310 2,133 1,750 18,193 Depreciation of right-of-use asset 103 207 723 1,033 Directors and Supervisory Committee — — 69 69 ENRE penalties 2,065 2,803 — 4,868 Taxes and charges — 3,228 138 3,366 Other 2 — 44 46 At 12.31.22 54,917 23,669 18,052 96,638 The expenses included in the chart above are net of the Company’s own expenses capitalized in property, plant and equipment as of December 31, 2022 for $ 4,484.9 Expenses by nature at 12.31.21 Description Transmission and distribution expenses Selling expenses Administrative expenses Total Salaries and social security taxes 21,995 3,500 4,969 30,464 Pension plans 1,062 169 240 1,471 Communications expenses 507 1,125 1 1,633 Allowance for the impairment of trade and other receivables — 3,822 — 3,822 Supplies consumption 4,410 — 414 4,824 Leases and insurance — 1 996 997 Security service 987 84 227 1,298 Fees and remuneration for services 11,361 6,048 5,038 22,447 Public relations and marketing — 226 — 226 Advertising and sponsorship — 117 — 117 Reimbursements to personnel — — 2 2 Depreciation of property, plant and equipment 13,945 2,078 1,705 17,728 Depreciation of right-of-use asset 89 178 625 892 Directors and Supervisory Committee — — 69 69 ENRE penalties 2,351 1,631 — 3,982 Taxes and charges — 3,411 166 3,577 Other 1 1 53 55 At 12.31.21 56,708 22,391 14,505 93,604 The expenses included in the chart above are net of the Company’s own expenses capitalized in property, plant and equipment as of December 31, 2021 for $ 4,481.0 Expenses by nature at 12.31.20 Description Transmission and distribution expenses Selling expenses Administrative expenses Total Salaries and social security taxes 22,797 3,783 6,677 33,257 Pension plans 960 160 282 1,402 Communications expenses 641 1,305 2 1,948 Allowance for the impairment of trade and other receivables — 12,293 — 12,293 Supplies consumption 5,520 — 434 5,954 Leases and insurance 2 2 925 929 Security service 900 95 101 1,096 Fees and remuneration for services 11,463 6,381 4,521 22,365 Public relations and marketing — 56 — 56 Advertising and sponsorship — 29 — 29 Reimbursements to personnel — — 2 2 Depreciation of property, plant and equipment 15,038 2,236 1,839 19,113 Depreciation of right-of-use asset 94 189 649 932 Directors and Supervisory Committee — — 84 84 ENRE penalties 972 1,071 — 2,043 Taxes and charges — 4,272 187 4,459 Other — — 27 27 At 12.31.20 58,387 31,872 15,730 105,989 The expenses included in the chart above are net of the Company’s own expenses capitalized in property, plant and equipment as of December 31, 2020 for $ 5,425.6

Other operating income (expense

Other operating income (expense)	12 Months Ended
	Dec. 31, 2022
Other Operating Income
Other operating income (expense)	Note 11 | Other operating income (expense) Schedule of other operating income expense Note 12.31.22 12.31.21 12.31.20 Other operating income Income from customer surcharges 3,031 3,771 4,556 Commissions on municipal taxes collection 673 700 658 Fines to suppliers 118 229 — Services provided to third parties 616 482 707 Related parties 30.a — — 127 Recovery of provision for contingences — — 610 Income from non-reimbursable customer 62 91 78 Expense recovery 50 61 208 Construction plan Framework agreement 2.d 3,013 4,012 — Recovery of allowance for the impairment of trade receivables - Agreement on the Regularization of Obligations 2.c 2,650 — — Other 195 85 137 Total other operating income 10,408 9,431 7,081 Other operating expense Gratifications for services (227 ) (1,682 ) (150 ) Cost for services provided to third parties (546 ) (218 ) (282 ) Severance paid (102 ) (71 ) (72 ) Debit and Credit Tax (1,947 ) (2,081 ) (2,406 ) Provision for contingencies 34 (4,405 ) (4,580 ) (2,616 ) Disposals of property, plant and equipment (348 ) (485 ) (442 ) Refund of fines to suppliers — — (380 ) Other (45 ) (402 ) (273 ) Total other operating expense (7,620 ) (9,519 ) (6,621 )

Net finance costs

Net finance costs	12 Months Ended
	Dec. 31, 2022
Net Finance Costs
Net finance costs	Note 12 | Net finance costs Schedule of net finance costs Note 12.31.22 12.31.21 12.31.20 Financial income Financial interest 65 127 74 Other interest 35.a — — 88 Total financial income 65 127 162 Financial costs Commercial interest (74,586 ) (43,305 ) (17,592 ) Interest and other (13,034 ) (9,132 ) (9,317 ) Fiscal interest (8 ) (9 ) (321 ) Bank fees and expenses (145 ) (71 ) (33 ) Total financial costs (87,773 ) (52,517 ) (27,263 ) Other financial results Changes in fair value of financial assets 2,825 7,728 2,907 Loss on debt restructuring (449 ) — — Net gain from the cancelattion of Corporate Notes (363 ) 6 1,219 Exchange differences 1,478 (3,120 ) (8,684 ) Adjustment to present value of receivables 38 (338 ) (292 ) (380 ) Recovery of provision for credit RDSA — 1,130 — Other financial costs (*) (4,583 ) (2,061 ) (617 ) Total other financial results (1,430 ) 3,391 (5,555 ) Total net financial costs (89,138 ) (48,999 ) (32,656 ) (*) As of December 31, 2022 and 2021, includes $ 4,252 and $ 1,775 relating to EDELCOS S.A.’s technical assistance, respectively (Note 35).

Basic and diluted loss per shar

Basic and diluted loss per share	12 Months Ended
	Dec. 31, 2022
Basic And Diluted Loss Per Share
Basic and diluted loss per share	Note 13 | Basic and diluted loss per share Basic The basic loss per share is calculated by dividing the loss attributable to the holders of the Company’s equity instruments by the weighted average number of common shares outstanding as of December 31, 2022, 2021 and 2020, excluding common shares purchased by the Company and held as treasury shares. The basic loss per share coincides with the diluted loss per share, inasmuch as the Company has issued neither preferred shares nor Corporate Notes convertible into common shares. Schedule of basic and diluted loss per shares 12.31.22 12.31.21 12.31.20 Loss for the year attributable to the owners of the Company (17,468 ) (41,577 ) (52,017 ) Weighted average number of common shares outstanding 875 875 875 Basic and diluted loss per share – in pesos (19.96 ) (47.52 ) (59.45 )

Property, plant and equipment

Property, plant and equipment	12 Months Ended
	Dec. 31, 2022
Property, plant and equipment [abstract]
Property, plant and equipment	Note 14 | Property, plant and equipment Schedule of property, plant, and equipment Lands and buildings Substations High, medium and low voltage lines Meters and Transformer chambers and platforms Tools, Furniture, vehicles, equipment, communications and advances to suppliers Construction in process Supplies and spare parts Total At 12.31.21 Cost 11,060 99,296 247,276 107,449 23,242 84,965 939 574,227 Accumulated depreciation (2,355 ) (34,319 ) (98,972 ) (44,178 ) (13,822 ) — — (193,646 ) Net amount 8,705 64,977 148,304 63,271 9,420 84,965 939 380,581 Additions 80 84 777 1,009 2,029 29,921 — 33,900 Disposals — — (215 ) (133 ) — — — (348 ) Transfers 28 4,552 10,722 5,309 4,184 (25,060 ) 265 — Depreciation for the year (235 ) (3,544 ) (8,194 ) (4,107 ) (2,113 ) — — (18,193 ) Net amount 12.31.22 8,578 66,069 151,394 65,349 13,520 89,826 1,204 395,940 At 12.31.22 Cost 11,104 103,931 258,108 113,563 29,456 89,826 1,204 607,192 Accumulated depreciation (2,526 ) (37,862 ) (106,714 ) (48,214 ) (15,936 ) — — (211,252 ) Net amount 8,578 66,069 151,394 65,349 13,520 89,826 1,204 395,940 · During the year ended December 31, 2022, the Company capitalized as direct own costs $ 4,484.9 Lands and buildings Substations High, medium and low voltage lines Meters and Transformer chambers and platforms Tools, Furniture, vehicles, equipment, communications and advances to suppliers Construction in process Supplies and spare parts Total At 12.31.20 Cost 10,710 92,493 235,649 102,979 18,429 82,423 945 543,628 Accumulated depreciation (2,102 ) (30,953 ) (91,107 ) (40,260 ) (12,065 ) — — (176,487 ) Net amount 8,608 61,540 144,542 62,719 6,364 82,423 945 367,141 Additions 97 615 450 878 2,903 23,915 2,795 31,653 Disposals (12 ) — (62 ) (409 ) (2 ) — — (485 ) Transfers 263 6,194 11,550 4,217 1,950 (21,373 ) (2,801 ) — Depreciation for the year (251 ) (3,372 ) (8,176 ) (4,134 ) (1,795 ) — — (17,728 ) Impairment — — — — — — — — Net amount 12.31.21 8,705 64,977 148,304 63,271 9,420 84,965 939 380,581 At 12.31.21 Cost 11,060 99,296 247,276 107,449 23,242 84,965 939 574,227 Accumulated depreciation (2,355 ) (34,319 ) (98,972 ) (44,178 ) (13,822 ) — — (193,646 ) Net amount 8,705 64,977 148,304 63,271 9,420 84,965 939 380,581 · During the year ended December 31, 2021, the Company capitalized as direct own costs $ 4,481.0

Right-of-use assets

Right-of-use assets	12 Months Ended
	Dec. 31, 2022
Right-of-use Assets
Right-of-use assets	Note 15 | Right-of-use assets The Company leases commercial offices, two warehouses, the headquarters building (comprised of administrative, commercial and technical offices), the Energy Handling and Transformer Center (two buildings and a plot of land located within the perimeter of Puerto Nuevo and Nuevo Puerto Power Generation Plant) and Las Heras Substation. The Company’s lease contracts have cancelable terms and lease periods of 2 3 The leases recognized as right-of-use assets in accordance with IFRS 16 and the development thereof are disclosed below: Schedule of right of use asset 12.31.22 12.31.21 Balance at beginning of year 828 670 Additions 912 1,050 Depreciation for the year (1,033 ) (892 ) Balance at end of the year 707 828

Inventories

Inventories	12 Months Ended
	Dec. 31, 2022
Inventories Abstract
Inventories	Note 16 | Inventories Schedule of inventories asset 12.31.22 12.31.21 Supplies and spare-parts 6,438 6,701 Advance to suppliers — 1 Total inventories 6,438 6,702

Financial instruments

Financial instruments	12 Months Ended
	Dec. 31, 2022
Financial Instruments
Financial instruments	Note 17 | Financial instruments Note 17.1 | Financial instruments by category Schedule of financial instruments by category Financial assets at amortized cost Financial assets at fair value through profit or loss Non-financial assets Total As of December 31, 2022 Assets Trade receivables 27,991 — — 27,991 Other receivables 4,718 4,155 9,830 18,703 Cash and cash equivalents Cash and Banks 867 — — 867 Mutual funds — 763 — 763 Financial assets at fair value through profit or loss: Negotiable instruments — 13,716 — 13,716 Mutual funds — 14,985 — 14,985 Total 33,576 33,619 9,830 77,025 As of December 31, 2021 Assets Trade receivables 34,212 — — 34,212 Other receivables 1,509 — 2,659 4,168 Cash and cash equivalents Cash and Banks 2,957 — — 2,957 Time deposits 595 — — 595 Mutual funds — 2,627 — 2,627 Financial assets at fair value through profit or loss: Negotiable instruments — 17,281 — 17,281 Mutual funds — 12,816 — 12,816 Financial assets at fair value Negotiable instruments 474 — — 474 Total 39,747 32,724 2,659 75,130 Financial liabilities at amortized cost Total As of December 31, 2022 Liabilities Trade payables 180,729 180,729 Other payables 23,810 23,810 Borrowings 14,721 14,721 Total 219,260 219,260 As of December 31, 2021 Liabilities Trade payables 149,678 149,678 Other payables 26,160 26,160 Borrowings 19,989 19,989 Total 195,827 195,827 Financial instruments categories have been determined based on IFRS 9. The income, expenses, gains and losses resulting from each category of financial instruments are as follow: Schedule of income, expenses, gains and losses of financial instruments Financial assets at amortized cost Financial assets at fair value through profit or loss Total As of December 31, 2022 Interest income 65 — 65 Exchange differences 3,915 7,971 11,886 Changes in fair value of financial assets — 2,825 2,825 Total 3,980 10,796 14,776 As of December 31, 2021 Interest income 127 — 127 Exchange differences 889 958 1,847 Changes in fair value of financial assets — 7,728 7,728 Net gain from the cancelattion of Corporate Notes 6 — 6 Other 1,130 — 1,130 Total 2,152 8,686 10,838 Financial liabilities at amortized cost Total As of December 31, 2022 Interest expense (87,620 ) (87,620 ) Exchange differences (10,408 ) (10,408 ) Loss on debt restructuring (449 ) (449 ) Net loss from the cancelattion of Corporate Notes (363 ) (363 ) Other financial results (4,583 ) (4,583 ) Total (103,423 ) (103,423 ) As of December 31, 2021 Interest expense (52,437 ) (52,437 ) Exchange differences (4,967 ) (4,967 ) Other financial results (2,061 ) (2,061 ) Total (59,465 ) (59,465 ) Note 17.2 | Credit quality of financial assets The credit quality of financial assets that are neither past due nor impaired may be assessed based on external credit ratings or historical information: Schedule of credit quality of financial assets 12.31.22 12.31.21 Customers with no external credit rating: Group 1 (i) 19,398 24,988 Group 2 (ii) 2,230 3,234 Group 3 (iii) 6,363 5,990 Total trade receivables 27,991 34,212 (i) Relates to customers with debt to become due. (ii) Relates to customers with past due debt from 0 to 3 months. (iii) Relates to customers with past due debt from 3 to 12 months.

Other receivables

Other receivables	12 Months Ended
	Dec. 31, 2022
Other Receivables
Other receivables	Note 18 | Other receivables Schedule of other receivables Note 12.31.22 12.31.21 Non-current: Financial credit — 9 Related parties 35.c 3 5 Total non-current 3 14 Current: Framework agreement (1) 2.d 2,770 573 Assigned assets and in custody (2) 4,675 — Credit for Real estate asset 38 — 60 Judicial deposits 208 166 Security deposits 99 125 Prepaid expenses 380 404 Advances to personnel 1 47 Financial credit 14 27 Advances to suppliers 308 17 Tax credits 9,830 2,659 Related parties 35.c — 1 Debtors for complementary activities 406 123 Other 53 9 Allowance for the impairment of other receivables (44 ) (57 ) Total current 18,700 4,154 (1) As of December 31, 2022 and 2021, $ 1,517 573 1,253 (2) Relate to Securities issued by private companies for 11,771,500 NV and cash deriving from the collection of securities for USD 2,924,022 assigned to and in possession of Global Valores S.A., respectively. The Company retains the risks and rewards of the aforementioned assets and may make use of them, at its own request, in a term of 15 days. The value of the Company’s other financial receivables approximates their fair value. The non-current other receivables are measured at amortized cost, which does not differ significantly from their fair value. The roll forward of the allowance for the impairment of other receivables is as follows: Schedule of roll forward of the allowance for the impairment of other receivables 12.31.22 12.31.21 Balance at beginning of year 57 6,475 Increase 24 6 Decrease — (3,450 ) Result from exposure to inflation (30 ) (1,844 ) Recovery (7 ) (1,130 ) Balance at end of the year 44 57 The aging analysis of these other receivables is as follows: Schedule of aging analysis 12.31.22 12.31.21 Without expiry date 308 294 Past due 2,240 664 Up to 3 months 3,655 1,188 From 3 to 6 months 4,019 692 From 6 to 9 months 2,178 658 From 9 to 12 months 6,300 658 More than 12 months 3 14 Total other receivables 18,703 4,168 At the Statement of Financial Position date, the maximum exposure to credit risk is the carrying amount of each class of other receivables. The carrying amount of the Company’s other receivables is denominated in Argentine pesos.

Trade receivables

Trade receivables	12 Months Ended
	Dec. 31, 2022
Trade Receivables
Trade receivables	Note 19 | Trade receivables Schedule of trade receivables 12.31.22 12.31.21 Current: Sales of electricity – Billed 16,012 29,292 Receivables in litigation 287 493 Allowance for the impairment of trade receivables (4,634 ) (11,700 ) Subtotal 11,665 18,085 Sales of electricity – Unbilled 15,333 15,377 PBA & CABA government credit 991 746 Fee payable for the expansion of the transportation and others 2 4 Total current 27,991 34,212 The value of the Company’s trade receivables approximates their fair value. The roll forward of the allowance for the impairment of trade receivables is as follows: Schedule of allowance for the impairment of trade receivables Note 12.31.22 12.31.21 Balance at beginning of the year 11,700 13,534 Increase 2,182 3,816 Decrease (314 ) (411 ) Recovery - Agreement on the Regularization of Obligations 2.c (2,650 ) — Result from exposure to inflation (6,284 ) (5,239 ) Balance at end of the year 4,634 11,700 The aging analysis of these trade receivables is as follows: Schedule of aging analysis of trade receivables 12.31.22 12.31.21 Past due 8,593 9,223 Up to 3 months 19,398 24,989 Total trade receivables 27,991 34,212 At the Statement of Financial Position date, the maximum exposure to credit risk is the carrying amount of each class of trade receivables. The carrying amount of the Company’s trade receivables is denominated in Argentine pesos. Sensitivity analysis of the allowance for impairment of trade receivables: Schedule of sensitivity analysis - 5% increase in the uncollectibility rate estimate 12.31.22 Allowance 4,866 Variation 232 - 5% decrease in the uncollectibility rate estimate 12.31.22 Allowance 4,401 Variation (233 )

Financial assets at amortized c

Financial assets at amortized cost	12 Months Ended
	Dec. 31, 2022
Financial Assets At Amortized Cost
Financial assets at amortized cost	Note 20 | Financial assets at amortized cost Schedule of financial assets at amortized cost 12.31.22 12.31.21 Negotiable instruments — 474

Financial assets at fair value

Financial assets at fair value through profit or loss	12 Months Ended
	Dec. 31, 2022
Financial Assets At Fair Value Through Profit Or Loss
Financial assets at fair value through profit or loss	Note 21 | Financial assets at fair value through profit or loss Schedule of financial assets at fair value through profit or loss 12.31.22 12.31.21 Negotiable instruments 13,716 17,281 Mutual funds 14,985 12,816 Total Financial assets at fair value through profit or loss 28,701 30,097

Cash and cash equivalents

Cash and cash equivalents	12 Months Ended
	Dec. 31, 2022
Cash and cash equivalents [abstract]
Cash and cash equivalents	Note 22 | Cash and cash equivalents Schedule of cash and cash equivalents 12.31.22 12.31.21 Cash and banks 867 2,957 Time deposits — 595 Mutual funds 763 2,627 Total cash and cash equivalents 1,630 6,179

Share capital and additional pa

Share capital and additional paid-in capital	12 Months Ended
	Dec. 31, 2022
Share Capital And Additional Paid-in Capital
Share capital and additional paid-in capital	Note 23 | Share capital and additional paid-in capital Schedule of share capital and additional paid-in capital Share capital Additional paid-in capital Total Balance at December 31, 2020 111,957 1,480 113,437 Payment of Other reserve constitution - Share-bases compensation plan — 12 12 Balance at December 31, 2021 111,957 1,492 113,449 Payment of Other reserve constitution - Share-bases compensation plan — 9 9 Balance at December 31, 2022 111,957 1,501 113,458 As of December 31, 2022, the Company’s share capital amounts to 906,455,100 462,292,111 par value of one peso each and the right to one vote per share 442,210,385 par value of one peso each and the right to one vote per share 1,952,604 par value of one peso each and the right to one vote per share Listing of the Company’s shares The Company’s shares are listed on the Buenos Aires Stock Exchange, forming part of the Merval Index, as well as on the NYSE, where each ADS represents 20 common shares.

Allocation of profits

Allocation of profits	12 Months Ended
	Dec. 31, 2022
Allocation Of Profits
Allocation of profits	Note 24 | Allocation of profits The restrictions on the distribution of dividends by the Company are those provided for by the Business Organizations Law and the negative covenants established by the Corporate Notes program. As of December 31, 2022, the Company complies with the debt ratio established in such program. If the Company’s Debt Ratio were higher than 3, the negative covenants included in the Corporate Notes program, which establish, among other issues, the Company’s impossibility to make certain payments, such as dividends, would apply. Additionally, in accordance with Title IV, Chapter III, section 3.11.c of the CNV, the amounts subject to distribution will be restricted to the amount equivalent to the acquisition cost of the Company’s own shares.

The Company_s Share-based Compe

The Company’s Share-based Compensation Plan	12 Months Ended
	Dec. 31, 2022
Companys Share-based Compensation Plan
The Company’s Share-based Compensation Plan	Note 25 | The Company’s Share-based Compensation Plan In year 2016, the Company’s Board of Directors proposed that the treasury shares be used for the implementation of a long-term incentive plan in favor of executive directors, managers or other personnel holding key positions in the Company in an employment relationship with the latter and those who in the future are invited to participate, in accordance with the provisions of section 67 of Law No. 26,831 on Capital Markets. The plan was ratified and approved by the Ordinary and Extraordinary Shareholders’ Meeting held on April 18, 2017. On April 22, 2022, 140,129 The fair value of the previously referred to shares at the award date amounted to $ 14

Trade payables

Trade payables	12 Months Ended
	Dec. 31, 2022
Trade Payables
Trade payables	Note 26 | Trade payables Schedule of trade payables 12.31.22 12.31.21 Non-current Customer guarantees 604 716 Customer contributions 316 571 Total non-current 920 1,287 Current Payables for purchase of electricity - CAMMESA (1) 142,687 112,239 Provision for unbilled electricity purchases - CAMMESA 23,386 18,466 Suppliers 12,915 16,639 Related parties 35.c 205 — Advance to customer 581 912 Customer contributions 34 63 Discounts to customers 1 72 Total current 179,809 148,391 (1) As of December 31, 2022 are disclosed net of the credits recognized by the SE under the Memorandum of Agreement on the Regularization of Payment Obligations for $ 24,174 The fair values of non-current customer contributions as of December 31, 2022 and 2021 amount to $ 38.9 90.4 The value of the rest of the financial liabilities included in the Company’s trade payables approximates their fair value.

Other payables

Other payables	12 Months Ended
	Dec. 31, 2022
Other Payables
Other payables	Note 27 | Other payables Schedule of other payables Note 12.31.22 12.31.21 Non-current ENRE penalties and discounts 17,448 18,260 Financial Lease Liability (1) 39 154 Total Non-current 17,487 18,414 Current ENRE penalties and discounts 5,584 6,923 Related parties 35.c 266 269 Advances for works to be performed 13 25 Financial Lease Liability (1) 458 522 Other 2 7 Total Current 6,323 7,746 The value of the Company’s other financial payables approximates their fair value. (1) The development of the finance lease liability is as follows: Schedule of financial lease liability 12.31.22 12.31.21 Balance at beginning of year 676 602 Increase 582 879 Payments (1,171 ) (1,025 ) Exchange difference 485 173 Interest 254 249 Result from exposure to inlfation (329 ) (202 ) Balance at end of the year 497 676 As of December 31, 2022 and 2021, future minimum payments with respect to finance leases are those detailed below: Schedule of future minimum lease payments 12.31.22 12.31.21 2022 — 740 2023 600 226 2024 68 12 2025 15 — Total future minimum lease payments 683 978 The Company has entered into contracts with certain cable television companies granting them the right to use the network poles. As of December 31, 2022 and 2021, future minimum collections with respect to operating assignments of use are those detailed below: Schedule of future minimum collections with respect to operating assignments 12.31.22 12.31.21 2022 — 1,416 2023 975 1,364 2024 30 4 2025 30 — 2026 25 — Total future minimum lease collections 1,060 2,784

Deferred revenue

Deferred revenue	12 Months Ended
	Dec. 31, 2022
Deferred Revenue
Deferred revenue	Note 28 | Deferred revenue Schedule of deferred revenue Note 12.31.22 12.31.21 Non-current Nonrefundable customer contributions 1,875 3,287 Investment plan 2.c 1,802 — Total Non-current 3,677 3,287 Current Nonrefundable customer contributions 44 86

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2022
Borrowings [abstract]
Borrowings	Note 29 | Borrowings Schedule of borrowings 12.31.22 12.31.21 Non-current Corporate notes (1) 14,537 — Current Corporate notes (1) — 19,609 Interest from corporate notes 184 380 Total current 184 19,989 (1) Net of debt issuance, repurchase and redemption expenses. The fair values of the Company’s borrowings as of December 31, 2022 and 2021 amount approximately to $ 14,029.4 17,497.3 On April 12, 2022, the Company launched an offer to exchange the Class No. 9 Corporate Notes issued by the Company maturing on October 25, 2022, for New Class No. 1 Corporate Notes due in 2025, whose issue and placement were approved by the Company on May 12, 2022 (Note 39). Additionally, on August 5, 2022, the Company approved the terms of issue of New Class No. 2 Corporate Notes due in 2024, in the framework of the Global Simple Corporate Notes Issuance Program, in accordance with the provisions of the Prospectus Supplement dated September 14, 2022 (Note 39). Furthermore, on September 23, 2022, the Company reopened the exchange offer of the Class No. 9 Corporate Notes issued by the Company maturing on October 25, 2022, for New Class No. 1 Corporate Notes due in 2025, whose issue and placement were approved by the Company on October 24, 2022 (Note 39). In relation thereto, on October 25, 2022, the Company made payment to the Holders of Class No. 9 Corporate Notes who did 20,616,000 The Company is subject to restrictions on its ability to incur indebtedness pursuant to the terms and conditions of the Class No. 2 Corporate Notes due 2024, and the Class No. 1 Corporate Notes due 2025, which indicate that the Company may not incur new Indebtedness, except for certain Permitted Indebtedness or when the Debt ratio is not greater than 3.75 or less than zero and the Interest Expense Coverage ratio is less than 2. As of December 31, 2022, the values of the above-mentioned ratios meet the established parameters. Moreover, in July 2022, through successive market transactions, the Company repurchased Class No. 9 Corporate Notes for a total of USD 1,586,000 472 Finally, on February 10, 2023, the Company approved the terms of issue of the Class No. 2 Additional Corporate Notes due in 2024, in the framework of the Global Simple Corporate Notes Issuance Program, in accordance with the provisions of the Prospectus Supplement dated February 28, 2023 (Note 39). The Company’s borrowings are denominated in the following currencies: Schedule of borrowings currency denominations 12.31.22 12.31.21 US dollars 14,721 19,989 The maturities of the Company’s borrowings and their exposure to interest rates are as follow: Schedule of maturities of the company's borrowings and exposure to interest rate 12.31.22 12.31.21 Fixed rate Less than 1 year 184 19,989 From 1 to 2 years 14,537 — Total fixed rate 14,721 19,989 The roll forward of the Company’s borrowings during the year was as follows: Schedule of roll forward of the company's borrowings 12.31.22 12.31.21 Balance at beginning of the year 19,989 24,702 Proceeds from borrowings 4,420 — Payment of borrowings' interests (896 ) (1,743 ) Paid from repurchase of Corporate Notes (472 ) (33 ) Gain from repurchase of Corporate Notes 363 (6 ) Payment of borrowings (6,078 ) — Loss on debt restructuring 449 — Payment of Corporate Notes issuance expenses (565 ) — Exchange diference and interest accrued 8,117 5,394 Result from exposure to inlfation (10,606 ) (8,325 ) Balance at the end of year 14,721 19,989 Corporate Notes programs The Company has a Corporate Notes program, the relevant information of which is detailed below: Debt issued in United States dollars Schedule of debt issued in USD in millions of $ Corporate Notes Class Debt structure at 12/31/2021 and 2020 Opening of the exchange offer Reopening of the exchange offer Debt structure at 12/31/2022 Debt structure at 12/31/2021 Debt structure at 12/31/2022 Fixed rate par note - Maturity 2022 9 98,057,000 26,231,000 20,616,000 — 19,989 — Fixed rate par note - Maturity 2024 2 — — 30,000,000 30,000,000 — 5,141 Fixed rate par note - Maturity 2025 1 — 52,706,268 55,244,538 55,244,538 — 9,580 Total 98,057,000 78,937,268 105,860,538 85,244,538 19,989 14,721 The main covenants are those detailed below: i. Negative Covenants The terms and conditions of the Corporate Notes include a number of negative covenants that limit the Company’s ability to, among other things: - Create or permit liens on its property or assets; - Incur indebtedness, in certain specified cases; - Sell the Company’s assets related to its main business; - Carry out transactions with shareholders or related companies; - Make certain payments (including, but not limited to, dividends, purchases of edenor - Enter into merger transactions, unless they meet certain criteria. ii. Suspension of Covenants: Certain negative covenants set forth in the terms and conditions of the Corporate Notes will be suspended or adapted if: - The Company attains an Investment Grade Rating on its long term debt, or the Debt Ratio is equal to or lower than 3.75 and the Interest Expense Coverage Ratio is less than 2. - If the Company subsequently loses its Investment Grade rating or its Debt Ratio is greater than 3.75 and the Interest Expense Coverage Ratio is less than 2, as applicable, the suspended negative covenants will again be applicable. At the date of issuance of these financial statements, the previously mentioned ratios have been complied with.

Salaries and social security ta

Salaries and social security taxes payable	12 Months Ended
	Dec. 31, 2022
Salaries And Social Security Taxes Payable
Salaries and social security taxes payable	Note 30 | Salaries and social security taxes payable a. Salaries and social security taxes payable Schedule of salaries and social security taxes payable 12.31.22 12.31.21 Non-current Seniority-based bonus 771 776 Current Salaries payable and provisions 8,258 7,748 Social security payable 1,052 1,002 Early retirements payable 29 46 Total current 9,339 8,796 The value of the Company’s salaries and social security taxes payable approximates their fair value. b. Salaries and social security taxes charged to profit or loss Schedule of salaries and social security taxes charged to profit or loss 12.31.22 12.31.21 12.31.20 Salaries 23,566 21,934 23,945 Social security taxes 9,165 8,530 9,312 Total salaries and social security taxes 32,731 30,464 33,257 Early retirements payable correspond to individual optional agreements. After employees reach a specific age, the Company may offer them this option. The related accrued liability represents future payment obligations, which, as of December 31, 2022 and 2021, amount to $ 14.5 46.4 The seniority-based bonus included in collective bargaining agreements in effect consists of a bonus to be granted to personnel with a certain number of years of service. As of December 31, 2022 and 2021, the related liabilities amount to $ 731.6 787.9 As of December 31, 2022 and 2021, the number of employees amounts to 4,658 4,668

Benefit plans

Benefit plans	12 Months Ended
	Dec. 31, 2022
Benefit Plans
Benefit plans	Note 31 | Benefit plans The defined benefit plans granted to Company employees consist of a bonus for all the employees who have the necessary years of service and have made the required contributions to retire under ordinary retirement plans. The amounts and conditions vary depending on the collective bargaining agreement and for non-unionized personnel. Schedule of benefit plans 12.31.22 12.31.21 Non-current 1,861 1,941 Current 234 254 Total Benefit plans 2,095 2,195 The breakdown of the benefit plan obligations as of December 31, 2022 and 2021 is as follows: The breakdown of the benefit plan obligations 12.31.22 12.31.21 Benefit payment obligations at beginning of year 2,195 2,449 Current service cost 374 129 Interest cost 828 1,342 Actuarial losses 654 (390 ) Result from exposure to inflation for the year (1,689 ) (1,197 ) Benefits paid to participating employees (267 ) (138 ) Benefit payment obligations at end of year 2,095 2,195 As of December 31, 2022 and 2021, the Company does not have any assets related to post-retirement benefit plans. The breakdown of the charge recognized in the Statement of Comprehensive Income (Loss) is as follows: Schedule of detail of the charge recognized in the statement of comprehensive loss income 12.31.22 12.31.21 12.31.20 Cost 374 129 473 Interest 828 1,342 929 Actuarial results - Other comprehensive results 654 (390 ) (319 ) Benefit plan charge 1,856 1,081 1,083 The actuarial assumptions used are based on market interest rates for Argentine government bonds, past experience, and the Company Management’s best estimate of future economic conditions. Changes in these assumptions may affect the future cost of benefits and obligations. The main assumptions used are as follow: Schedule of assumptions 12.31.22 12.31.21 12.31.20 Discount rate 5 % 5 % 5 % Salary increase 1 % 1 % 1 % Inflation 48 % 57 % 50 % Sensitivity analysis: Sensitivity analysis 12.31.22 Discount Rate: 4% Obligation 2,519 Variation 215 9 % Discount Rate: 6% Obligation 2,121 Variation (183 ) (8 %) Salary Increase : 0% Obligation 2,113 Variation (191 ) (8 %) Salary Increase: 2% Obligation 2,526 Variation 222 10 % The expected payments of benefits are as follow: The expected payments of benefits In 2023 In 2024 In 2025 In 2026 In 2027 Between 2028 to 2032 At December 31, 2021 Benefit payment obligations 234 44 46 43 10 39 Estimates based on actuarial techniques imply the use of statistical tools, such as the so-called demographic tables used in the actuarial valuation of the Company’s active personnel. In order to determine the mortality of the Company’s active personnel, the “1971 Group Annuity Mortality” table has been used. In general, a mortality table shows for each age group the probability that a person in any such age group will die before reaching a predetermined age. Male and female mortality tables are elaborated separately inasmuch as men and women’s mortality rates are substantially different. In order to estimate total and permanent disability due to any cause, 80% of the “1985 Pension Disability Study” table has been used. In order to estimate the probability that the Company’s active personnel will leave the Company or stay therein, the “ESA 77” table has been used. Liabilities related to the above-mentioned benefits have been determined taking into consideration all the rights accrued by the beneficiaries of the plans through the closing date of the year ended December 31, 2022. These benefits do not apply to key management personnel.

Income tax and deferred tax

Income tax and deferred tax	12 Months Ended
	Dec. 31, 2022
Income Tax And Deferred Tax
Income tax and deferred tax	Note 32 | Income tax and deferred tax The breakdown of income tax, determined in accordance with the provisions of IAS 12 is as follows: Schedule of income tax expense 12.31.22 12.31.21 12.31.20 Deferred tax (15,017 ) (12,356 ) 8,150 Change in the income tax rate — (14,557 ) 2,501 Current tax — (3,978 ) — Difference between provision and tax return 183 436 (179 ) Income tax expense (14,834 ) (30,455 ) 10,472 The detail of the income tax expense for the year includes two effects: (i) the current tax for the year payable in accordance with the tax legislation applicable to the Company; and (ii) the effect of applying the deferred tax method on the temporary differences arising from the valuation of assets and liabilities for accounting and tax purposes. The breakdown of deferred tax assets and liabilities is as follows: Schedule of analysis of deferred tax assets and liabilities 12.31.21 Result from exposure to inflation Charged to Profit and loss Charged to Other comprenhen- sive income 12.31.22 Deferred tax assets Tax loss carryforward (*) — — 16,541 — 16,541 Trade receivables and other receivables 4,350 (2,117 ) (796 ) — 1,437 Trade payables and other payables 2,340 (1,139 ) 508 — 1,709 Salaries and social security taxes payable 1,037 (505 ) 250 — 782 Benefit plans 34 (17 ) (44 ) 229 202 Tax liabilities 49 (24 ) 18 — 43 Provisions 3,148 (1,532 ) 649 — 2,265 Deferred tax asset 10,958 (5,334 ) 17,126 229 22,979 Deferred tax liabilities: Property, plant and equipment (99,315 ) 48,330 (63,734 ) — (114,719 ) Financial assets at fair value through profit or loss (745 ) 363 (1,373 ) — (1,755 ) Borrowings (2 ) 1 (197 ) — (198 ) Tax inflation adjustment (7,199 ) 3,503 (13,519 ) — (17,215 ) Deferred tax liability (107,261 ) 52,197 (78,823 ) — (133,887 ) Net deferred tax liability (96,303 ) 46,863 (61,697 ) 229 (110,908 ) (*) Relates to the tax loss originated in fiscal year 2022, for a nominal value of $ 47,259, which becomes statute-barred in 2027. It does not exceed its recoverable value. 12.31.20 Result from exposure to inflation Charged to Profit and loss Charged to Other comprenhen- sive income 12.31.21 Deferred tax assets Tax loss carryforward 728 (245 ) (483 ) — — Trade receivables and other receivables 3,970 (1,338 ) 1,718 — 4,350 Trade payables and other payables 1,991 (672 ) 1,021 — 2,340 Salaries and social security taxes payable 750 (253 ) 540 — 1,037 Benefit plans 226 (76 ) 21 (137 ) 34 Tax liabilities 56 (19 ) 12 — 49 Provisions 2,404 (810 ) 1,554 — 3,148 Deferred tax asset 10,125 (3,413 ) 4,383 (137 ) 10,958 Deferred tax liabilities: Property, plant and equipment (68,732 ) 23,178 (53,761 ) — (99,315 ) Financial assets at fair value through profit or loss (877 ) 296 (164 ) — (745 ) Borrowings (6 ) 2 2 — (2 ) Tax inflation adjustment (10,199 ) 3,440 (440 ) — (7,199 ) Deferred tax liability (79,814 ) 26,916 (54,363 ) — (107,261 ) Net deferred tax liability (69,689 ) 23,503 (49,980 ) (137 ) (96,303 ) The reconciliation between the income tax expense recognized in profit or loss and the amount that would result from applying the applicable tax rate to the accounting loss before taxes, is as follows: Schedule of reconciliation between the income tax expense recognized in profit or loss 12.31.22 12.31.21 12.31.20 Loss for the year before taxes (2,634 ) (11,122 ) (62,489 ) Applicable tax rate 35 % 35 % 30 % Result for the year at the tax rate 922 3,893 18,747 Gain (loss) on net monetary position 6,013 (6,541 ) (3,935 ) Adjustment effect on tax inflation (21,929 ) (13,581 ) (6,539 ) Non-taxable income (23 ) (105 ) (123 ) Difference between provision and tax return 183 436 (179 ) Change in the income tax rate — (14,557 ) 2,501 Income tax expense (14,834 ) (30,455 ) 10,472 The income tax payable, net of withholdings is detailed below. Schedule of income tax provisions 12.31.22 12.31.21 Current Provision of income tax payable — 3,977 Tax withholdings — (1,535 ) Total current — 2,442

Tax liabilities

Tax liabilities	12 Months Ended
	Dec. 31, 2022
Tax Liabilities
Tax liabilities	Note 33 | Tax liabilities Schedule of tax liabilities 12.31.22 12.31.21 Non-current Current Provincial, municipal and federal contributions and taxes 354 255 Tax withholdings 567 443 SUSS withholdings 58 53 Municipal taxes 338 454 Total current 1,317 1,205

Provisions

Provisions	12 Months Ended
	Dec. 31, 2022
Provisions [abstract]
Provisions	Note 34 | Provisions Schedule of provisions Included in non-current liabilities For contingencies 12.31.22 12.31.21 At 12.31.21 7,755 7,145 Increases 2,622 3,569 Result from exposure to inflation for the year (4,824 ) (2,959 ) At 12.31.22 5,553 7,755 Included in current liabilities For contingenciess 12.31.22 12.31.21 At 12.31.21 1,046 1,052 Increases 1,783 1,011 Decreases (537 ) (586 ) Result from exposure to inflation for the year (791 ) (431 ) At 12.31.22 1,501 1,046

Related-party transactions

Related-party transactions	12 Months Ended
	Dec. 31, 2022
Related party transactions [abstract]
Related-party transactions	Note 35 | Related-party transactions The following transactions were carried out with related parties: a. Income Schedule of related party income Company Concept 12.31.22 12.31.21 12.31.20 PESA Impact study — — 10 SACDE Reimbursement expenses — — 117 FIDUS SGR SGR contribution revenue — 88 — — 215 b. Expense Schedule of related party expenses Company Concept 12.31.22 12.31.21 12.31.20 EDELCOS S.A. Technical advisory services on financial matters (4,252 ) (1,775 ) — PESA Technical advisory services on financial matters — — (606 ) SACME Operation and oversight of the electric power transmission system (236 ) (617 ) (300 ) Andina PLC Financial interest (27 ) — — OSV Hiring life insurance for staff — — (80 ) SB&WM Abogados Legal fees — — (39 ) FIDUS Legal fees — — (12 ) ABELOVICH, POLANO & Legal fees — — (4 ) Estudio Cuneo Libarona Abogados Legal fees (5 ) — — (4,520 ) (2,392 ) (1,041 ) c. Key Management personnel’s remuneration Schedule of key management personnel remuneration 12.31.22 12.31.21 12.31.20 Salaries 914 2,957 947 The balances with related parties are as follow: d. Receivables and payables Schedule of related party receivables and payables 12.31.22 12.31.21 Other receivables - Non current SACME 3 5 Other receivables - Current SACME — 1 Trade payables EDELCOS S.A. (205 ) — Other payables Andina PLC (228 ) (232 ) SACME (38 ) (37 ) (266 ) (269 ) (*) Balances held and transactions carried out as of December 31, 2020, with the companies that comprised the Company’s former controlling economic group (Pampa Energía S.A.) are disclosed for comparative purposes. The other receivables with related parties are not secured and do not accrue interest. No allowances have been recorded for these concepts in any of the periods covered by these financial statements. According to IAS 24, paragraphs 25 and 26, the Company applies the exemption from the disclosure requirement of transactions with related parties when the counterpart is a governmental agency that has control, joint control or significant influence. The agreements with related parties that were in effect throughout fiscal year 2022 are detailed below: Agreement with SACME In the framework of the regulation of the Argentine electric power sector established by Law No. 24,065 and SEE Resolution No. 61/92, and after the awarding of the CABA and the Greater Buenos Aires distribution areas to edenor The purpose of this company is to manage, supervise and control the operation of both the electric power generation, transmission and sub-transmission system in the CABA and the Buenos Aires metropolitan area and the interconnections with the Argentine Interconnection System, to represent Distribution Companies in the operational management before CAMMESA, and, in general, to carry out the necessary actions for the proper development of its activities. The operating costs borne by the Company in fiscal year 2022 amounted to $ 236 Agreement with EDELCOS S.A. The agreement comprises the provision to the Company of technical advisory services especially on financial topics. It expires in December 2026, but may be extended if so agreed by the parties. In consideration of these services, the Company pays EDELCOS S.A. either an annual amount of $ 1,766 60 As of December 31, 2022, the Company recorded charges for EDELCOS S.A. technical advisory services for a total of $ 4,252 relating to the services rendered in fiscal year 2022.

Keeping of documentation

Keeping of documentation	12 Months Ended
	Dec. 31, 2022
Keeping Of Documentation
Keeping of documentation	Note 36 | Keeping of documentation On August 14, 2014, the CNV issued General Resolution No. 629 which introduced changes to its regulations concerning the keeping and preservation of corporate and accounting books and commercial documentation. In this regard, it is informed that for keeping purposes the Company has sent its workpapers and non-sensitive information, whose periods for retention have not expired, to the warehouses of the firm Iron Mountain Argentina S.A., located at: - 2396 Amancio Alcorta Av. – CABA. - 601 San Miguel de Tucumán St., Municipality of Carlos Spegazzini, Ezeiza, Province of Buenos Aires. - 2450 Puente del Inca St., Municipality of Tristán Suárez, Ezeiza, Province of Buenos Aires. The detail of the documentation stored outside the Company’s offices for keeping purposes, as well as the documentation referred to in Section 5 sub-section a.3) of Part I of Chapter V of Title II of the Regulations (Technical Rule No. 2,013, as amended) is available at the Company’s registered office.

Shareholders_ Meetings

Shareholders’ Meetings	12 Months Ended
	Dec. 31, 2022
Shareholders Meetings
Shareholders’ Meetings	Note 37 | Shareholders’ Meetings The Company Ordinary Shareholders’ Meeting held on April 6, 2022 resolved, among other issues, the following: - To approve edenor’s - To allocate the $ 21,344 loss for the year ended December 31, 2021 (which at the purchasing power of the currency at December 31, 2022 amounts to $ 41,577) to the Unappropriated Retained Earnings account, inasmuch as accumulated losses are below the thresholds set forth in sections 94, sub-section 5, and 206 of Business Organizations Law No. 19,550; - To approve the actions taken by the Directors and Supervisory Committee members, together with their respective remunerations; - To appoint the authorities and the external auditors for the current fiscal year; - To consider the updating of the Global Issuance Program of non-convertible into shares, simple Corporate Notes for up to USD 750,000,000 (Note 39). Furthermore, the amendment of Sections Nos. 13, 19, 23, 25 and 33 as well as a consolidated text of the By-laws, which had been approved by the Ordinary and Extraordinary Shareholders’ Meeting held on April 28, 2020 and by the ENRE by means of Resolution No. 62/2022 dated February 23, 2022, was registered with the IGJ on June 2, 2022. Moreover, the Company Special-purpose Ordinary and Extraordinary Shareholders’ Meeting held on November 2, 2022, resolved to approve the amendment to Sections Nos. 4, 13, 23 and 33 of the Bylaws. On February 28, 2023, by means of Resolution No. 243/2023, the ENRE approved the Shareholders’ Meeting resolution.

Termination of agreement on rea

Termination of agreement on real estate asset	12 Months Ended
	Dec. 31, 2022
Termination Of Agreement On Real Estate Asset
Termination of agreement on real estate asset	Note 38 | Termination of agreement on real estate asset With regard to the real estate asset to be constructed, acquired by the Company in November 2015, the subsequent termination of the agreement due to RDSA’s default in August 2018 and the respective legal actions brought by the Company against the seller and the insurance company, and with respect to the settlement agreement dated September 30, 2019 that the Company entered into with Aseguradora de Cauciones S.A., the following recent events stand out: - With regard to the USD 1 - With regard to RDSA reorganization proceedings, the Company has filed ancillary proceedings for review of the amount declared inadmissible, relating to the contractually agreed-upon penalty clause. The ancillary proceedings for review have been rejected by the Court, decision which the Company has appealed to the Court of Appeals in Commercial Matters, where it is pending resolution. Due to the pandemic declared by the WHO on March 11, 2020 and the preventive and mandatory social isolation ordered by DNU 297/2020, and the subsequent extensions thereof, the originally set procedural time limits have been extended, with the exclusivity period in order for the reorganization debtor to propose one or more reorganization plans and obtain the consent required by law for the confirmation of the eventual agreement being currently underway. Finally, as a result of the assessment of different alternatives aimed at the recovery of the referred to claim, on January 18, 2021, the Company’s Board of Directors accepted the “Offer for the Assignment of the Claim in Litigation” made by Creaurban S.A., whereby edenor As of December 31, 2021, a gain has been recognized on recovery of allowance for $ 1,130, which is disclosed in Other finance income (costs), resulting from edenor

Financial debt restructuring

Financial debt restructuring	12 Months Ended
	Dec. 31, 2022
Financial Debt Restructuring
Financial debt restructuring	Note 39 | Financial debt restructuring On April 6, 2022, the Annual General Meeting approved the updating of the Global Simple Corporate Notes Issuance Program for a Maximum Amount outstanding at any time of up to USD 750,000,000 The New Corporate Notes comply with the “Guidelines for the issuance of social, green and sustainable securities in Argentina” included in Appendix III to Chapter I, Title VI of the CNV’s Regulations and in the BYMA’s Guide to Social, Green and Sustainable Bonds for the purpose of having them listed on BYMA’s Social, Green and Sustainable Bonds Panel. The New Corporate Notes are issued in accordance with the New Corporate Notes Indenture, which contains a number of negative covenants that limit edenor - create or permit liens on its property or assets; - incur indebtedness; - sell its assets; - carry out transactions with affiliates or shareholders; - make certain payments (including, but not limited to, dividends, purchases of edenor - enter into merger transactions, unless they meet certain criteria. Many of the negative covenants set forth in the New Corporate Notes Indenture will be suspended if (i) edenor edenor edenor - Issuance of New Class No. 1 Corporate Notes due in 2025 in exchange for Class No. 9 Corporate Notes due in 2022 With respect to the foregoing, the Company’s Board of Directors, at its meeting of April 6, 2022, approved the launching of a consent solicitation to restructure the financial debt by exchanging the Company’s Class No. 9 Corporate Notes due October 25, 2022 for New Corporate Notes. Consequently, on April 12, 2022, the Company launched the offer to exchange the Class No. 9 Corporate Notes issued by the Company maturing on October 25, 2022 at a fixed nominal annual interest rate of 9.75 98,057,000 9.75 120,000,000 The principal on the corporate notes will be repaid in a lump sum on May 12, 2025. Furthermore, they will accrue interest at a fixed nominal annual rate of 9.75 Finally, on May 12, 2022 the Company approved the issuance and placement under the exchange offer, as set forth in the Supplement to the Exchange Offer Memorandum dated April 12, 2022. The Corporate Notes will be subscribed in accordance with the Tender Orders received, based on the following options: Option A · Tender Orders of Existing Corporate Notes submitted under Option A at or prior to the Early Tender Date (April 28, 2022, extended until May 9, 2022 on April 29, 2022) will receive USD 1,050 1,000 Option B Tender Orders of Existing Corporate Notes submitted under Option B will receive a portion of the Cash Consideration, plus the applicable New Corporate Notes Consideration. The Cash Consideration represents an aggregate amount equivalent to the lesser of: (i) 30% of the principal amount of the Existing Corporate Notes that are validly tendered and accepted for exchange in the Offer; and (ii) the principal amount of the Existing Corporate Notes accepted for exchange under Option B. The sum of the Pro-rata Cash Consideration that will be payable to Eligible Holders whose Existing Corporate Notes are accepted for exchange under Option B will be equivalent to the Cash Consideration divided by the principal amount of Existing Corporate Notes accepted under Option B multiplied by 1,000. · The Early (at or prior to the Early Tender Date) New Corporate Notes Consideration for each Eligible Holder whose Existing Corporate Notes have been accepted for exchange under Option B will be equal to 1.04 times the difference between USD 1,000 Payment of Accrued Interest In addition to the Exchange Consideration, the Eligible Holders whose Existing Corporate Notes have been accepted for exchange in the Exchange Offer will also receive Payment of Accrued Interest equal to all accrued and unpaid interest from the last interest payment date to, but not including, the Settlement Date, to be paid in cash on the Settlement Date. The offer to exchange the Class No. 9 Corporate Notes issued by the Company due October 25, 2022 for New Class No. 1 Corporate Notes resulted in 73.25% acceptance, equivalent to USD 71,826,000 (with the above-mentioned due date remaining in effect for 26.75%, i.e. USD 26,231,000); accordingly, a total of USD 52,706,268, relating to: i) Tender Orders submitted under Option A for USD 41,699,000 plus a recognized additional for USD 2,084,950, i.e. USD 43,783,950, and ii) Tender Orders submitted under Option B for USD 30,127,000 plus a recognized additional for USD 343,118, i.e. USD 30,470,118, after deducting the Pro-rata Cash Consideration of Option B received by each Eligible Holder of said option for USD 21,547,800 ($ 2,590), has been restructured. Additionally, interest paid in cash from the last payment date up to and including the Settlement Date has amounted to a total of USD 329,573 - Issuance of New Class No. 2 Corporate Notes due in 2024 On August 5, 2022, the Company’s Board of Directors approved the terms of issue of New Class No. 2 Corporate Notes at a fixed nominal annual interest rate of 9.75 30,000,000 The principal on the New Corporate Notes will be repaid in a lump sum on November 22, 2024. Furthermore, they will accrue interest at a fixed nominal annual rate of 9.75 On September 22, 2022, upon the expiration of the Tender Period of Class No. 2 Corporate Notes, the Company approved the issuance and placement of the New Corporate Notes for USD 30,000,000 4,420 - Reopening of the exchange offer On September 23, 2022, the Company approved the reopening of the offer to exchange the Class No. 9 Corporate Notes issued by the Company maturing on October 25, 2022 at a fixed nominal annual interest rate of 9.75 24,645,000 9.75 24,645,000 On October 24, 2022, the Company approved the issuance and placement under the exchange offer, as set forth in the Supplement to the Exchange Offer Memorandum dated September 23, 2022. The Corporate Notes will be subscribed in accordance with the Tender Orders received. The Eligible Holders who validly submit a Tender Order will be eligible to receive, for each USD 1,000 principal amount of Existing Corporate Notes, the New Corporate Notes Consideration consisting of USD 630 principal amount of Additional New Corporate Notes, plus a Cash Consideration of USD 400. The reopening of the offer to exchange the Class No. 9 Corporate Notes issued by the Company maturing on October 25, 2022 for New Class No. 1 Corporate Notes resulted in 16.35% acceptance, equivalent to USD 4,029,000 (with the above-mentioned due date remaining in effect for 83.65%, i.e. USD 20,616,000); accordingly, a total of USD 2,538,270, relating to Tender Orders submitted for USD 2,417,000 plus a recognized additional for USD 120,870, has been restructured. Furthermore, each Eligible Holder has received the Cash Consideration for USD 1,611,600 ($ 253). Additionally, interest paid in cash from the last payment date up to and including the Settlement Date has amounted to a total of USD 83,956 On October 25, 2022, the Company made payment to the Holders of Class No. 9 Corporate Notes who did 20,616,000 3,235 The Company’s Corporate Note debt structure, based on the Tender Orders received, the issuance of the New Corporate Notes and the repayment of Class No. 9 Corporate Notes, would be comprised of as follows: Schedule of debt structure in USD in millions of $ Corporate Notes Class Debt structure at 12/31/2021 and 2020 Opening of the exchange offer Reopening of the exchange offer Debt structure at 12/31/2022 Debt structure at 12/31/2021 Debt structure at 12/31/2022 Fixed rate par note - Maturity 2022 9 98,057,000 26,231,000 20,616,000 — 19,989 — Fixed rate par note - Maturity 2024 2 — — 30,000,000 30,000,000 — 5,141 Fixed rate par note - Maturity 2025 1 — 52,706,268 55,244,538 55,244,538 — 9,580 Total 98,057,000 78,937,268 105,860,538 85,244,538 19,989 14,721 (*) In United States dollars (USD). As of December 31, 2022, an amount of $ 449 2,548,938 Furthermore, an amount of $ 565 Moreover, on February 10, 2023, the Company’s Board of Directors approved the terms of a new issue of Class No. 2 Additional Corporate Notes, to be issued for a nominal value of up to USD 30,000,000, in the framework of the Global Simple Corporate Notes Issuance Program. On March 7, 2023, upon the expiration of the Tender Period of Class No. 2 Additional Corporate Notes, the Company approved the issuance and placement of the Additional Corporate Notes for USD 30,000,000, as set forth in the Prospectus Supplement dated February 28, 2023

Change of control

Change of control	12 Months Ended
	Dec. 31, 2022
Change Of Control
Change of control	Note 40 | Change of control On December 28, 2020, Pampa Energía S.A., the holder of 100 edenor 51 edenor On June 23, 2021, by means of Resolution No. 207/2021, the ENRE authorized Pampa Energía S.A. to transfer all the Class A shares, representing 51 The transfer of all the Class A shares, representing 51 As required by the regulations in effect and within the time periods set forth therein, Empresa de Energía del Cono Sur S.A. announced the launching of a mandatory Public Tender Offer addressed to all the holders of Class B and Class C common shares issued by the Company, including the holders of ADS in respect of the underlying Class B common shares, in accordance with the provisions of General Resolution No. 779/2018 of the National Securities Commission. During the term of the Offer, no shares were tendered by Class B (including ADS) and Class C Shareholders; therefore, the offeror announced the completion of the tender offer. Consequently, at the date of issuance of these financial statements, edenor

Events after the reporting year

Events after the reporting year	12 Months Ended
	Dec. 31, 2022
Events After Reporting Year
Events after the reporting year	Note 41 | Events after the reporting year The following are the events that occurred subsequent to December 31, 2022: - Public Hearing – ENRE Resolution No. 576/2022, see Note 2.b. - Amendment to both the seasonal reference prices and the values of the Company’s electricity rate schedules – SE Resolution No. 54/2023 and ENRE Resolutions Nos. 177 and 241/2023, see Note 2.b. - Framework Agreement – Collection Province of Buenos Aires’ contribution, see Note 2.d. - Contingencies and lawsuits – AFIP’s Income Tax claim, Undocumented outflows and VAT, see Note 8. - Issuance of Class No. 2 Additional Corporate Notes due 2024, see Notes 29 and 39. - Approval of the amendment to the Bylaws – ENRE Resolution No. 243/2023, see Note 37.

Accounting policies (Policies)

Accounting policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies
New accounting standards, amendments and interpretations issued by the IASB	Note 4.1 | New accounting standards, amendments and interpretations issued by the IASB that are effective as of December 31, 2022 and have been adopted by the Company The Company has first applied the following standards and/or amendments s from January 1, 2022: - IAS 16 “Property, plant and equipment”, amended in May 2020: It incorporates amendments to the recognition of inventories, sales and costs of items produced while bringing an item of property, plant and equipment to the location and condition necessary for its intended use. - Annual improvements to IFRS – 2018-2020 Cycle: the amendments were issued in May 2020. Includes amendments to IFRS 1 “First-time adoption of IFRS”; IFRS 9 “Financial instruments”; IFRS 16 “Leases”; and IAS 41 “Agriculture”. - IFRS 3 “Business combinations”, amended in May 2020. It incorporates references to the definitions of assets and liabilities in the new Conceptual Framework and clarifications on contingent assets and liabilities that are incurred separately from those assumed in a business combination. - IAS 37 “Provisions, contingent liabilities and contingent assets”, amended in May 2020. It clarifies the scope of the concept of cost of fulfilling an onerous contract. There are no new IFRS or IFRIC applicable as from this fiscal year that have a material impact on the Company’s financial statements. New accounting standards, amendments and interpretations issued by the IASB that are not yet effective and have not been early adopted by the Company - IFRS 17 “Insurance contracts”, issued in May 2017 and amended in June 2020 and December 2021. It replaces IFRS 4, introduced as an interim standard in 2004, which allowed entities to account for insurance contracts using their local accounting requirements, resulting in multiple application approaches. IFRS 17 sets the principles for the recognition, measurement, presentation, and disclosure of insurance contracts, and applies to annual periods beginning as from January 1, 2023, allowing for its early adoption for entities already applying IFRS 9 and IFRS 15. The Company estimates that the application thereof will impact neither the Company’s results of operations nor its financial position. - IAS 1 “Presentation of financial statements”, amended in January and July 2020, February 2021 and October 2022. It incorporates amendments to the classification of liabilities as current or non-current. It also incorporates the requirement that an entity disclose its material accounting policies rather than its significant accounting policies. It explains how a company can identify a material accounting policy. The amendments apply to annual periods beginning as from January 1, 2023 and January 1, 2024, with early adoption permitted. The application thereof will impact neither the Company’s results of operations nor its financial position. - IAS 8 “Accounting policies, changes in accounting estimates and errors”, amended in February 2021. It replaces the definition of accounting estimates. Under the new definition, accounting estimates are monetary amounts in the financial statements that are subject to measurement uncertainty. The amendments apply to annual periods beginning as from January 1, 2023. The Company estimates that the application thereof will impact neither the Company’s results of operations nor its financial position. - IAS 12 “Income tax”, amended in May 2021. It clarifies how an entity accounts for deferred tax on transactions such as leases and decommissioning obligations. The amendments apply to annual periods beginning as from January 1, 2023. - IFRS 16 “Leases”, amended in September 2022: It clarifies how a seller-lessee subsequently measures sale and leaseback transactions that satisfy the requirements in IFRS 15 to be accounted for as a sale. The amendments apply to annual periods beginning as from January 1, 2024.
Property, plant and equipment	Note 4.2 | Property, plant and equipment Property, plant and equipment, except for works in progress, is valued at acquisition cost restated to reflect the effects of inflation, net of accumulated depreciation and recognized impairment losses. Depreciation has been calculated by applying the straight-line method over the remaining useful life of the assets, which was determined on the basis of engineering studies. Subsequent costs (major maintenance and reconstruction costs) are either included in the value of the assets or recognized as a separate asset, only if it is probable that the future benefits associated with the assets will flow to the Company, being it possible as well that the costs of the assets may be measured reliably and the investment will improve the condition of the asset beyond its original state. The other maintenance and repair expenses are recognized in profit or loss in the year in which they are incurred. In accordance with the Concession Agreement, the Company may not pledge the assets used in the provision of the public service nor grant any other security interest thereon in favor of third parties, without prejudice to the Company’s right to freely dispose of those assets which in the future may become inadequate or unnecessary for such purpose. This prohibition does not apply in the case of security interests granted over an asset at the time of its acquisition and/or construction as collateral for payment of the purchase and/or installation price. The residual value and the remaining useful lives of the assets are reviewed and adjusted, if appropriate, at the end of each fiscal year (reporting period). Land is not depreciated Facilities in service: between 30 and 50 years Furniture, tools and equipment: between 5 and 20 years Construction in process is valued based on the degree of completion and is recorded at cost restated to reflect the effects of inflation less any impairment loss, if applicable. Cost includes expenses attributable to the construction, when they are part of the cost incurred for the purposes of acquisition, construction or production of property, plant and equipment that necessarily takes a substantial period of time to get ready for its intended use. These assets begin to be depreciated when they are in economic conditions of use. Gains and losses on the sale of property, plant and equipment are calculated by comparing the price collected with the carrying amount of the asset, and are recognized within Other operating expense or Other operating income in the Statement of Comprehensive Income (Loss). The Company considers three alternative probability-weighted scenarios and analyzes the recoverability of its long-lived assets as described in Critical accounting estimates and judgments. The valuation of property, plant and equipment, taken as a whole, does not exceed its recoverable value, which is measured as the higher of value in use and fair value less costs to sell at the end of the year (Note 6.c).
Interests in joint ventures	Note 4.3 | Interests in joint ventures The main conceptual definitions are as follow: i. A joint arrangement takes place among two or more parties when they have joint control: joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. ii. A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Such parties are called joint venturers. iii. A joint operation is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the assets, and obligations for the liabilities, relating to the arrangement. These parties are called joint operators. The Company accounts for its investment in joint ventures in accordance with the equity method. Under this method, the interest is initially recognized at cost and subsequently adjusted by recognizing the Company’s share in the profit or loss obtained by the joint venture, after acquisition date. The Company recognizes in profit or loss its share of the joint venture’s profit or loss and in other comprehensive income its share of the joint venture’s other comprehensive income. When the Company carries out transactions in the joint ventures, the unrealized gains and losses are eliminated in accordance with the percentage interest held by the Company in the jointly controlled entity. The joint ventures’ accounting policies have been modified and adapted, if applicable, to ensure consistency with the policies adopted by the Company. Furthermore, taking into account that the interests in joint ventures are not regarded as significant balances, the disclosures required under IFRS 12 have not been made.
Revenue recognition	Note 4.4 | Revenue recognition a. Revenue from sales Revenue is measured at the fair value of the consideration collected or to be collected, taking into account the estimated amount of any discount, thus determining the net amounts. Revenue from the electricity supplied by the Company to low-income areas and shantytowns is recognized to the extent that a renewal of the Framework Agreement is formalized for the period in which the service was rendered. At the date of issuance of these financial statements, the Company is negotiating the extensions of the Framework Agreement with the Federal and the Provincial Governments, as the case may be (Note 2.d). Revenue from operations is recognized on an accrual basis and derives mainly from electricity distribution. Such revenue includes electricity supplied, whether billed or unbilled, at the end of each year, which has been valued on the basis of applicable electricity rates. The Company also recognizes revenue from other concepts included in distribution services, such as new connections, reconnections, rights of use on poles, transmission of electricity to other distribution companies, inasmuch as the services are provided on the basis of the price established in each contract. Revenue is not adjusted for the effect of the financing components as sales’ payments are not deferred over time, which is consistent with market practice. The aforementioned revenue from operations was recognized when all of the following conditions were met: 1. The Entity transferred to the buyer the significant risks and rewards; 2. The amount of revenue was measured reliably; 3. It is probable that the economic benefits associated with the transaction will flow to the Entity; 4. The costs incurred or to be incurred, in respect of the transaction, were measured reliably. b. Interest income Interest income is recognized by applying the effective interest rate method. Interest income is recorded in the accounting on a time basis by reference to the principal amount outstanding and the applicable effective rate. Interest income is recognized when it is probable that the economic benefits associated with the transaction will flow to the Entity and the amount of the transaction can be measured reliably.
Effects of the changes in foreign currency exchange rates	Note 4.5 | Effects of the changes in foreign currency exchange rates a. Functional and presentation currency The information included in the financial statements is measured using the Company’s functional currency, which is the currency of the main economic environment in which the Entity operates. The financial statements are measured in pesos (legal currency in Argentina), restated to reflect the effects of inflation as indicated in Note 3, which is also the presentation currency. b. Transactions and balances Foreign currency denominated transactions and balances are translated into the functional and presentation currency using the rates of exchange prevailing at the date of the transactions or revaluation, respectively. The gains and losses generated by foreign currency exchange differences resulting from each transaction and from the translation of monetary items valued in foreign currency at the end of the year are recognized in the Statement of Comprehensive Income (Loss). The foreign currency exchange rates used are the buying and selling rate for monetary assets and liabilities, respectively, and the specific exchange rate for foreign currency denominated transactions.
Trade and other receivables	Note 4.6 | Trade and other receivables a. Trade receivables The receivables arising from services billed to customers but not collected as well as those arising from services rendered but unbilled at the closing date of each year are recognized at fair value and subsequently measured at amortized cost using the effective interest rate method. The receivables from electricity supplied to low-income areas and shantytowns are recognized, along with revenue, when the Framework Agreement has been renewed for the period in which the service was provided and the Federal or the Provincial Government assumes responsibility for the payment of consumption. b. Other receivables Other receivables are initially recognized at fair value (generally the original billing/settlement amount) and subsequently measured at amortized cost, using the effective interest rate method, and when significant, adjusted by the time value of money. The Company records impairment allowances when there is objective evidence that it will not be able to collect all the amounts owed to it in accordance with the original terms of the receivables. Assigned and held-in-custody assets are measured in accordance with Note 4.8. The subsidies received from the Government are recognized when the defined works plans are carried out.
Inventories	Note 4.7 | Inventories The Company’s inventories are materials and supplies to be consumed in the service rendering process. Inventories are valued at acquisition cost restated to reflect the effects of inflation, less recognized impairment losses. They are valued based on the purchase price, import duties (if applicable), and other taxes (that are not subsequently recovered), and other costs directly attributable to the acquisition of those assets. Cost is determined by applying the weighted average price (WAP) method. The Company has classified inventories into current and non-current depending on the period of time in which they are expected to be used, whether for maintenance or capital expenditures. The non-current portion of inventories is disclosed in the “Property, plant and equipment” account. The valuation of inventories, taken as a whole, does not exceed their recoverable value at the end of each fiscal year.
Financial assets	Note 4.8 | Financial assets Note 4.8.1 | Classification The Company classifies financial assets into the following categories: those measured at amortized cost and those subsequently measured at fair value. This classification depends on whether the financial asset is an investment in a debt or an equity instrument. In order for a financial asset to be measured at amortized cost, the two conditions described in the following paragraph must be met. All other financial assets are measured at fair value. IFRS 9 requires that all investments in equity instruments be measured at fair value. a. Financial assets at amortized cost Financial assets are measured at amortized cost if the following conditions are met: i. The objective of the Company’s business model is to hold the assets to collect the contractual cash flows; and ii. The contractual terms give rise, on specified dates, to cash flows that are solely payments of principal and interest on principal. b. Financial assets at fair value If any of the above-detailed conditions is not met, financial assets are measured at fair value through profit or loss. All investments in equity instruments are measured at fair value. For those investments that are not held for trading, the Company may irrevocably elect at the time of their initial recognition to present the changes in fair value in other comprehensive income. The Company’s decision was to recognize the changes in fair value in profit or loss. Note 4.8.2 | Recognition and measurement The regular way purchase or sale of financial assets is recognized on the trade date, i.e. the date on which the Company agrees to acquire or sell the asset. Financial assets are derecognized when the rights to receive the cash flows from the investments have expired or been transferred and the Company has transferred substantially all the risks and rewards of the ownership of the assets. Financial assets are initially recognized at fair value plus, in the case of financial assets that are not measured at fair value through profit or loss, transaction costs directly attributable to the acquisition of those financial assets. The gains or losses generated by investments in debt instruments that are subsequently measured at fair value and are not part of a hedging transaction are recognized in profit or loss. Those generated by investments in debt instruments that are subsequently measured at amortized cost and are not part of a hedging transaction are recognized in profit or loss when the financial asset is derecognized or impaired and by means of the amortization process using the effective interest rate method. The Company subsequently measures all the investments in equity instruments at fair value. When it elects to present the changes in fair value in other comprehensive income, such changes cannot be reclassified to profit or loss. Dividends arising from these investments are recognized in profit or loss to the extent that they represent a return on the investment. The Company reclassifies financial assets if and only if its business model to manage financial assets is changed. The expected losses, in accordance with calculated coefficients, are detailed in Note 6.a). Note 4.8.3 | Impairment of financial assets At the end of each annual reporting period, the Company assesses whether there is objective evidence that the value of a financial asset or group of financial assets measured at amortized cost is impaired. The value of a financial asset or group of financial assets is impaired, and impairment losses are incurred only if there is objective evidence of impairment as a result of one or more events that occurred after the initial recognition of the asset (a “loss event”), and that loss event (or events) has an impact on the estimated future cash flows of the financial asset or group of financial assets that can be reliably measured. Impairment tests may include evidence that the debtors or group of debtors are undergoing significant financial difficulties, have defaulted on interest or principal payments or made them after they had come due, the probability that they will enter bankruptcy or other financial reorganization, and when observable data indicate that there is a measurable decrease in the estimated future cash flows, such as changes in payment terms or in the economic conditions that correlate with defaults. In the case of financial assets measured at amortized cost, the amount of the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows (excluding future credit losses that have not been incurred) discounted at the financial asset’s original effective interest rate. The asset’s carrying amount is reduced and the amount of the impairment loss is recognized in the Statement of Comprehensive Income (Loss). While cash, cash equivalents and financial assets measured at amortized cost are also subject to the impairment requirements of IFRS 9, the identified impairment loss is immaterial. Note 4.8.4 | Offsetting of financial instruments Financial assets and liabilities are offset, and the net amount reported in the Statement of Financial Position, when there is a legally enforceable right to offset the recognized amounts, and there is an intention to settle on a net basis, or realize the asset and settle the liability simultaneously.
Derivative financial instruments	Note 4.9 | Derivative financial instruments Derivative financial instruments are initially recognized at fair value on the date on which the relevant contract is signed. Subsequent to the initial recognition, they are remeasured at their fair value. The method for recognizing the resulting loss or gain depends on whether the derivative has been designated as a hedging instrument and, if that is the case, on the nature of the item being hedged. As of December 31, 2022, the economic impact of these transactions, which resulted in a loss of $ 173
Cash and cash equivalents	Note 4.10 | Cash and cash equivalents Cash and cash equivalents include cash on hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less from their acquisition date, with significant low risk of change in value. i. Cash and banks in local currency: at nominal value. ii. Cash and banks in foreign currency: at the exchange rate in effect at the end of the year. iii. Money market funds, which have been valued at the prevailing market price at the end of the year. Those that do not qualify as cash equivalents are disclosed in the Financial assets at fair value through profit or loss account.
Equity	Note 4.11 | Equity Changes in this account have been accounted for in accordance with the relevant legal or statutory regulations and the decisions adopted by the shareholders’ meetings. a. Share capital Share capital represents issued capital, which is comprised of the contributions committed and/or made by the shareholders, represented by shares, including outstanding shares at nominal value, restated to reflect the effects of inflation as indicated in Note 3. b. Treasury stock The Treasury stock account represents the nominal value of the Company’s own shares acquired by the Company, restated to reflect the effects of inflation as indicated in Note 3. c. Other comprehensive income (loss) Represents recognition, at the end of the year, of the actuarial gain (loss) associated with the Company’s employee benefit plans, restated to reflect the effects of inflation as indicated in Note 3. d. Retained earnings Retained earnings are comprised of profits or accumulated losses with no specific appropriation. When positive, they may be distributed, if so decided by the Shareholders’ Meeting, to the extent that they are not subject to legal restrictions. Retained earnings, where applicable, are comprised of the amounts transferred from other comprehensive income and prior year adjustments due to the application of accounting standards, restated to reflect the effects of inflation as indicated in Note 3. CNV General Resolution No. 593/11 provided that Shareholders in the Meetings at which they should decide upon the approval of financial statements in which the Unappropriated retained earnings account has a positive balance, must adopt an express resolution as to the allocation of such balance, whether to dividend distribution, capitalization, setting up of reserves or a combination of these. The Company Shareholders’ Meetings have complied with the above-mentioned requirement.
Trade and other payables	Note 4.12 | Trade and other payables a. Trade payables Trade payables are payment obligations with suppliers for the purchase of goods and services in the ordinary course of business. Trade payables are classified as current liabilities if payments fall due within one year or in a shorter period of time. Otherwise, they are classified as non-current liabilities. Trade payables are initially recognized at fair value and subsequently measured at amortized cost using the effective interest rate method. b. Customer deposits Customer deposits are initially recognized at the amount received and subsequently measured at amortized cost using the effective interest rate method. In accordance with the Concession Agreement, the Company is allowed to receive customer deposits in the following cases: i. When the power supply is requested and the customer is unable to provide evidence of his legal ownership of the premises; ii. When service has been suspended more than once in one-year period; iii. When the power supply is reconnected and the Company is able to verify the illegal use of the service (fraud). iv. When the customer is undergoing liquidated bankruptcy or reorganization proceedings. The Company has decided not to request customer deposits from residential tariff customers. Customer deposits may be paid either in cash or through the customer’s bill and accrue monthly interest at a specific rate of BNA for each customer category. When the conditions for which the Company is allowed to receive customer deposits no longer exist, the customer’s account is credited with the principal amount plus any interest accrued thereon, after deducting, if appropriate, any amount owed by the customer to the Company. c. Customer contributions Refundable d. Other payables The financial liabilities recorded in other payables and the advances for the execution of works, are initially recognized at fair value and subsequently measured at amortized cost. The recorded liabilities for penalties accrued, whether imposed or not yet issued by the ENRE (Note 2.f), and other provisions are the best estimate of the settlement value of the present obligation in the framework of IAS 37 provisions at the closing date of these financial statements. The balances of ENRE penalties and discounts are updated in accordance with the regulatory framework applicable thereto and on the basis of the Company’s estimate of the outcome of the renegotiation process described in Note 2.f.
Borrowings	Note 4.13 | Borrowings Borrowings are initially recognized at fair value, less direct costs incurred in the transaction. Subsequently, they are measured at amortized cost; any difference between the funds obtained (net of direct costs incurred in the transaction) and the amount to be paid at maturity is recognized in profit or loss during the term of the borrowings using the effective interest rate method.
Deferred revenue	Note 4.14 | Deferred revenue Non-refundable customer contributions · Customer connection to the network: revenue is accrued until such connection is completed; · Continuous provision of the electric power supply service: throughout the shorter of the useful life of the asset and the term for the provision of the service. Government grants
Employee benefits	Note 4.15 | Employee benefits · Benefit plans The Company operates several benefit plans. Usually, benefit plans establish the amount of the benefit an employee will receive at the time of his/her retirement, generally based on one or more factors such as age, years of service and salary. The liability recognized in the Statement of Financial Position in respect of benefit plans is the present value of the benefit plan obligation at the closing date of the year, together with the adjustments for past service costs and actuarial gains or losses. The benefit plan obligation is calculated annually by independent actuaries in accordance with the projected unit credit method. The present value of the benefit plan obligation is determined by discounting the estimated future cash outflows using actuarial assumptions about demographic and financial variables that affect the determination of the amount of such benefits. The benefit plans are not funded. The Company’s accounting policy for benefit plans is as follow: a. Service costs are immediately recorded in profit or loss, unless the changes to the benefit plan are conditional on the employees’ remaining in service for a specified period of time (the vesting period). In this case, past service costs are amortized on a straight-line basis over the vesting period. b. Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are recognized in “Other comprehensive income” in the year in which they arise. · The Company’s Share-based Compensation Plan The Company has share-based compensation plans under which it receives services from some employees in exchange for the Company’s shares. The fair value of the services received is recognized as an operating expense in the “Salaries and social security taxes” line item. The total amount of the referred to expense is determined by reference to the fair value of the shares granted. When the employees provide the services before the shares are granted, the fair value at the grant date is estimated in order to recognize the relevant result. Furthermore, taking into account that share-based payments are not considered significant balances, the disclosures required under IFRS 2 have not been made.
Income tax	Note 4.16 | Income tax The income tax is recognized in profit or loss, other comprehensive income or in equity depending on the items from which it originates. The Company determines the income tax payable by applying the effective 35 By means of Law No. 27,630, a change was introduced in the corporate income tax rate, applicable to fiscal years beginning from January 1, 2021. The tax will be determined according to the following scale: Schedule of tax determination Accumulated net taxable income Amount to be paid $ Plus % On the amount exceeding $ From more than $ To $ $ 0 $ 5 $ 0 25 $ 0 $ 5 $ 50 $ 1.25 30 $ 5 $ 50 onwards $ 14.75 35 $ 50 The amounts of the detailed scale will be adjusted annually, beginning January 1, 2022, taking into consideration the annual variation of the Consumer Price Index (CPI) provided by the National Institute of Statistics and Census (INDEC). Additionally, the deferred tax is recognized, in accordance with the liability method, on the temporary differences arising between the tax base of assets and liabilities and their carrying amounts in the Statement of Financial Position. However, no deferred tax liability is recognized if such difference arises from the initial recognition of goodwill, or from the initial recognition of an asset or liability other than in a business combination, which at the time of the transaction affected neither the accounting nor the taxable profit. The deferred tax is determined using the effective rate resulting from the application of the tax scale in effect at the closing date of the financial statements and which is expected to apply when the deferred tax assets are realized or the deferred tax liabilities are settled. Deferred tax assets and liabilities are offset if the Company has a legally enforceable right to offset recognized amounts and when deferred tax assets and liabilities relate to income tax levied by the same tax authority on the same taxable entity. Deferred tax assets and liabilities are stated at their undiscounted nominal value. Moreover, in accordance with the provisions of Law No. 27,430, the Company has applied the tax inflation adjustment set forth in Title VI of the Income Tax Law, effective for fiscal years beginning as from January 1, 2018, albeit with a limited scope of application for certain accounts. The tax inflation adjustment for the first, second and third fiscal year was applicable as from its effective date in 2018, if the CPI cumulative variation, calculated from the beginning to the end of each year, exceeded fifty-five percent (55%), thirty percent (30%) and fifteen percent (15%) for fiscal years 2018, 2019 and 2020, respectively. Although as of December 31, 2018, the CPI cumulative variation did not exceed the 55% threshold for the application of the tax inflation adjustment in that first fiscal year, as of December 31, 2020 and 2019, the CPI cumulative variations for the 12 months of each year had amounted to 36.13% and 53.77%, respectively, which exceeded the 15% and 30% thresholds fixed for the third and second transition years of the tax inflation adjustment, and, therefore, the Company recognized the effect of the tax inflation adjustment in the calculation of the current and deferred income tax provision in those fiscal years. As from fiscal years ended in December 2021, fourth fiscal year since the implementation of the tax inflation adjustment, the threshold for its application is that the cumulative variation of the aforementioned index for the thirty-six months prior to the closing date of the relevant fiscal year be greater than 100%. Furthermore, unlike fiscal years 2019 and 2020, for fiscal year 2021, such adjustment was no longer to be applied with deferrals (over six fiscal years) but rather computed in full in the tax balance sheet for that period. Furthermore, in accordance with the provisions of the 2023 Budget Law, for fiscal year 2022 the deferral in thirds of the tax inflation adjustment is to be retroactively applied; therefore, the Company recognized the effects in the calculation of the current and deferred income tax provision.
Leases	Note 4.17 | Leases A right-of-use asset and a lease liability are recognized for lease contracts from the date on which the leased asset is available for use, at the present value of the payments to be made over the term of the contract, using the discount rate implicit in the lease contract, if it can be determined, or the Company’s incremental borrowing rate. Subsequent to their initial measurement, leases will be measured at cost less accumulated depreciation, impairment losses, and any adjustment resulting from a new measurement of the lease liability.
Provisions and contingencies	Note 4.18 | Provisions and contingencies Provisions have been recognized in those cases in which the Company is faced with a present obligation, whether legal or constructive, that has arisen as a result of a past event, whose settlement is expected to result in an outflow of resources, and the amount thereof can be estimated reliably. The amount recognized as provisions is the best estimate of the expenditure required to settle the present obligation at the end of the reporting year, taking into account the corresponding risks and uncertainties. When a provision is measured using the estimated cash flow to settle the present obligation, the carrying amount represents the present value of such cash flow. This present value is obtained by applying a pre-tax discount rate that reflects market conditions, the time value of money and the specific risks of the obligation. The provisions included in liabilities have been recorded to face contingent situations that could result in future payment obligations. To estimate the amount of provisions and the likelihood of an outflow of resources, the opinion of the Company’s legal advisors has been taken into account.
Balances with related parties	Note 4.19 | Balances with related parties Receivables and payables with related parties are recognized at amortized cost in accordance with the terms agreed upon by the parties involved.
Classification of assets and liabilities into current and non-current	Note 4.20 | Classification of assets and liabilities into current and non-current Assets and liabilities are presented as current and non-current in the Statement of Financial Position. An asset is classified as current when the Company: - expects to realize the asset or intends to sell or consume it in its normal operating cycle; - holds the asset primarily for the purpose of trading; - expects to realize the asset within twelve months after the reporting year; or - the asset is cash or a cash equivalent unless the asset is restricted and cannot be exchanged or used for the settlement of a liability for at least twelve months after the closing of the reporting year. All other assets are classified as non-current. A liability is classified as current when the Company: - expects to settle the liability in its normal operating cycle; - the liability is due to be settled within twelve months after the closing date of the reporting year; or - does not have an unconditional right to defer settlement of the liability for at least twelve months after the closing date of the reporting year. All other liabilities are classified as non-current. Deferred tax assets and liabilities are always classified as non-current assets or liabilities as appropriate.

Regulatory framework (Tables)

Regulatory framework (Tables)	12 Months Ended
	Dec. 31, 2022
Regulatory Framework
Schedule of electricity rate	Schedule of electricity rate Resolution Date What it approves Effective as from SE No. 305/2022 April 29, 2022 Seasonal reference prices (1) May 1 ENRE No. 146/2022 May 6, 2022 Electricity rate schedules May 1 SE No. 405/2022 May 27, 2022 Seasonal reference prices June 1 ENRE No. 171/2022 May 31, 2022 Electricity rate schedules June 1 SE No. 605/2022 July 28, 2022 Seasonal reference prices August 1 ENRE No. 222/2022 July 29, 2022 Electricity rate schedules August 1 SE No. 627/2022 August 25, 2022 Seasonal reference prices September 1 ENRE No. 313/2022 September 7, 2022 Electricity rate schedules September 1 SE No. 649/2022 September 13, 2022 Seasonal reference prices September 1 ENRE No. 434/2022 September 22, 2022 Electricity rate schedules September 1 ENRE No. 484/2022 October 6, 2022 Electricity rate schedules (2) September 1 SE No. 719/2022 October 28, 2022 Seasonal reference prices (3) November 1 ENRE No. 554/2022 November 2, 2022 Electricity rate schedules November 1 SE No. 54/2023 February 1, 2023 Seasonal reference prices February 1 ENRE No. 177/2023 February 2, 2023 Electricity rate schedules February 1 ENRE No. 241/2023 February 28, 2023 Electricity rate schedules April 1 and June 1 (1) It approves the Winter Seasonal Programming for the MEM submitted by CAMMESA, relating to the May 1, 2022-October 31, 2022 period. (2) It amends the average electricity rate approved by ENRE Resolution No. 434/2022, which implied a 3.8% decrease thereof, according to the valuation of the residential user category’s consumption during the month of September. (3) It approves the Summer Seasonal Programming for the MEM submitted by CAMMESA, relating to the November 1, 2022-April 30, 2023 period.
Schedule Of Credits Relate Concepts	Schedule Of Credits Relate Concepts Concept Amount a) Implementation of policies to benefit the demand (2 bills) $ 9,670 b) Maintenance of electricity rates (1 bill) $ 4,835 c) Investment Plan (0.37 bills) $ 1,802 d) Section 2 Res. 642/22 (1.63 bills) $ 7,867 5 bills $ 24,174

Accounting policies (Tables)

Accounting policies (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies
Schedule of tax determination	Schedule of tax determination Accumulated net taxable income Amount to be paid $ Plus % On the amount exceeding $ From more than $ To $ $ 0 $ 5 $ 0 25 $ 0 $ 5 $ 50 $ 1.25 30 $ 5 $ 50 onwards $ 14.75 35 $ 50

Financial risk management (Tabl

Financial risk management (Tables)	12 Months Ended
	Dec. 31, 2022
Financial Risk Management
Schedule of balances in foreign currency	Schedule of balances in foreign currency Currency Amount in foreign currency Exchange rate (1) Total Total ASSETS CURRENT ASSETS Other receivables USD 19.3 176.960 3,415 201 Financial assets at fair value through profit or loss USD 81.7 176.960 14,458 9,203 Cash and cash equivalents USD 0.2 176.960 35 2,402 TOTAL CURRENT ASSETS 17,908 11,806 TOTAL ASSETS 17,908 11,806 LIABILITIES NON-CURRENT LIABILITIES Borrowings USD 82.1 177.160 14,537 — TOTAL NON-CURRENT LIABILITIES 14,537 — CURRENT LIABILITIES Trade payables USD 17.7 177.160 3,136 2,402 EUR 0.2 189.259 38 — Borrowings USD 1.0 177.160 184 19,989 Other payables USD 1.3 177.160 228 2,001 TOTAL CURRENT LIABILITIES 3,586 24,392 TOTAL LIABILITIES 18,123 24,392 (1) The exchange rates used are the BNA exchange rates in effect as of December 31, 2022 for US Dollars (USD) and Euros (EUR).
Schedule of Exposure to currency risk	Schedule of Exposure to currency risk 12.31.22 12.31.21 Net position US dollar (177 ) (12,586 ) Euro (38 ) — Total (215 ) (12,586 )
Schedule of decrease in results of operation	Schedule of decrease in results of operation 12.31.22 12.31.21 Net position US dollar (18 ) (1,259 ) Euro (4 ) — Decrease in the results of operations for the year (22 ) (1,259 )
Schedule of analysis of non-derivative financial liabilities	Schedule of analysis of non-derivative financial liabilities No deadline Less than 3 months From 3 months to 1 year From 1 to 2 years From 2 to 5 years Total As of December 31, 2022 Trade payables and other liabilities 120,470 67,730 9,468 409 23,705 221,782 Borrowings — — 184 14,537 — 14,721 Total 120,470 67,730 9,652 14,946 23,705 236,503 As of December 31, 2021 Trade payables and other liabilities 103,096 52,522 14,009 606 24,386 194,619 Borrowings — — 19,989 — — 19,989 Total 103,096 52,522 33,998 606 24,386 214,608
Schedule of gearing ratios	Schedule of gearing ratios 12.31.22 12.31.21 Total liabilities 354,465 319,718 Less: Cash and cash equivalents and Financial assets at fair value through profit or loss (30,331 ) (36,276 ) Net debt 324,134 283,442 Total Equity 125,666 143,550 Total capital attributable to owners 449,800 426,992 Gearing ratio 72.06 % 66.38 %
Schedule of financial assets and liabilities measured at fair value	Schedule of financial assets and liabilities measured at fair value LEVEL 1 At December 31, 2022 Assets Other receivables Transferred assets and in custody 4,675 Financial assets at fair value through profit or loss: Negotiable instruments 13,716 Mutual funds 14,985 Cash and cash equivalents: Mutual funds 763 Total assets 34,139 At December 31, 2021 Assets Financial assets at fair value through profit or loss: Negotiable instruments 17,281 Mutual funds 12,816 Cash and cash equivalents Mutual funds 2,627 Total assets 32,724

Interest in joint ventures (Tab

Interest in joint ventures (Tables)	12 Months Ended
	Dec. 31, 2022
Interest In Joint Ventures
Schedule of interest in joint ventures	Schedule of interest in joint ventures Percentage interest held Equity attributable to the owners in capital stock and votes 12.31.22 12.31.21 SACME 50.00 % 21 27

Revenue from sales and energy_2

Revenue from sales and energy purchases (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue From Sales And Energy Purchases
Schedule of revenue description	Schedule of revenue description Small demand segment: Residential use and public lighting (T1) Relates to the highest demand average recorded over 15 consecutive minutes that is less than 10 kilowatts. In turn, this segment is subdivided into different residential categories based on consumption. This segment also includes a category for public lighting. Users are categorized by the Company according to their consumption. Medium demand segment: Commercial and industrial customers (T2) Relates to the highest demand average recorded over 15 consecutive minutes that is equal to or greater than 10 Kilowatts but less than 50 Kilowatts. The Company agrees with the user the supply capacity. Large demand segment (T3) Relates to the highest demand average recorded over 15 consecutive minutes that is greater than 50 Kilowatts. In turn, this segment is subdivided into categories according to the supply voltage -low, medium or high-, from voltages of up to 1 Kilovolt to voltages greater than 66 Kilovolts. Other: (Shantytowns/ Wheeling system) Revenue is recognized to the extent that a renewal of the Framework Agreement has been formalized for the period in which the service was rendered. In the case of the service related to the Wheeling system, revenue is recognized when the Company allows third parties (generators and large users) to access to the available transmission capacity within its distribution system upon payment of a wheeling fee. Other services Right of use of poles Revenue is recognized to the extent that the rental value of the right of use of the poles used by the Company’s electricity network has been agreed upon for the benefit of third parties. Connection and reconnection charges Relate to revenue accrued for the carrying out of the electricity supply connection of new customers or the reconnection of already existing users. Energy purchases Energy purchase The Company bills its users the cost of its purchases of energy, which includes charges for purchases of energy and power. The Company purchases electric power at seasonal prices approved by the SE. The price of the Company’s electric power represents transmission costs and other regulatory charges. Energy losses Energy losses are equivalent to the difference between energy purchased and energy sold. These losses can be classified into technical and non-technical losses. Technical losses represent the energy lost during transmission and distribution within the network as a consequence of the natural heating of the conductors and transformers that carry electricity from power generation plants to users. Non-technical losses represent the remainder of the Company’s energy losses and are mainly due to the illegal use of its services or the theft of energy. Energy losses require that the Company purchase additional energy in order to meet the demand and its Concession Agreement allows it to recover from its users the cost of these purchases up to a loss factor specified in its concession for each rate category. The current loss factor recognized in the electricity rate by virtue of its concession amounts to approximately 9.1%.
Schedule of sales of electricity	Schedule of sales of electricity 12.31.22 12.31.21 12.31.20 GWh $ GWh $ GWh $ Sales of electricity Small demand segment: Residential use and public lighting (T1) 13,052 112,853 12,373 130,223 11,600 168,574 Medium demand segment: Commercial and industrial (T2) 1,529 21,035 1,447 23,668 1,341 30,990 Large demand segment (T3) 3,714 61,391 3,492 55,576 3,210 58,284 Other: (Shantytowns/Wheeling system) 4,531 9,320 4,398 10,114 4,028 9,146 Subtotal - Sales of electricity 22,826 204,599 21,710 219,581 20,179 266,994 Other services Right of use of poles 1,115 1,367 1,237 Connection and reconnection charges 121 143 158 Subtotal - Other services 1,236 1,510 1,395 Total - Revenue 205,835 221,091 268,389 12.31.22 12.31.21 12.31.20 GWh $ GWh $ GWh $ Energy purchases (1) 27,158 (143,228 ) 26,373 (135,966 ) 25,124 (170,264 ) (1) As of December 31, 2022, 2021 and 2020, includes technical and non-technical energy losses for 4,333 GWh, 4,663 GWh and 4,945 GWh, respectively.

Expenses by nature (Tables)

Expenses by nature (Tables)	12 Months Ended
	Dec. 31, 2022
Expenses By Nature
The breakdown of expenses by nature	The breakdown of expenses by nature Expenses by nature at 12.31.22 Description Transmission and distribution expenses Selling expenses Administrative expenses Total Salaries and social security taxes 22,553 3,373 6,805 32,731 Pension plans 828 124 250 1,202 Communications expenses 444 844 1 1,289 Allowance for the impairment of trade and other receivables — 2,199 — 2,199 Supplies consumption 3,258 — 329 3,587 Leases and insurance — 2 1,125 1,127 Security service 1,109 143 176 1,428 Fees and remuneration for services 10,245 5,740 6,640 22,625 Public relations and marketing — 1,896 — 1,896 Advertising and sponsorship — 977 — 977 Reimbursements to personnel — — 2 2 Depreciation of property, plant and equipment 14,310 2,133 1,750 18,193 Depreciation of right-of-use asset 103 207 723 1,033 Directors and Supervisory Committee — — 69 69 ENRE penalties 2,065 2,803 — 4,868 Taxes and charges — 3,228 138 3,366 Other 2 — 44 46 At 12.31.22 54,917 23,669 18,052 96,638 The expenses included in the chart above are net of the Company’s own expenses capitalized in property, plant and equipment as of December 31, 2022 for $ 4,484.9 Expenses by nature at 12.31.21 Description Transmission and distribution expenses Selling expenses Administrative expenses Total Salaries and social security taxes 21,995 3,500 4,969 30,464 Pension plans 1,062 169 240 1,471 Communications expenses 507 1,125 1 1,633 Allowance for the impairment of trade and other receivables — 3,822 — 3,822 Supplies consumption 4,410 — 414 4,824 Leases and insurance — 1 996 997 Security service 987 84 227 1,298 Fees and remuneration for services 11,361 6,048 5,038 22,447 Public relations and marketing — 226 — 226 Advertising and sponsorship — 117 — 117 Reimbursements to personnel — — 2 2 Depreciation of property, plant and equipment 13,945 2,078 1,705 17,728 Depreciation of right-of-use asset 89 178 625 892 Directors and Supervisory Committee — — 69 69 ENRE penalties 2,351 1,631 — 3,982 Taxes and charges — 3,411 166 3,577 Other 1 1 53 55 At 12.31.21 56,708 22,391 14,505 93,604 The expenses included in the chart above are net of the Company’s own expenses capitalized in property, plant and equipment as of December 31, 2021 for $ 4,481.0 Expenses by nature at 12.31.20 Description Transmission and distribution expenses Selling expenses Administrative expenses Total Salaries and social security taxes 22,797 3,783 6,677 33,257 Pension plans 960 160 282 1,402 Communications expenses 641 1,305 2 1,948 Allowance for the impairment of trade and other receivables — 12,293 — 12,293 Supplies consumption 5,520 — 434 5,954 Leases and insurance 2 2 925 929 Security service 900 95 101 1,096 Fees and remuneration for services 11,463 6,381 4,521 22,365 Public relations and marketing — 56 — 56 Advertising and sponsorship — 29 — 29 Reimbursements to personnel — — 2 2 Depreciation of property, plant and equipment 15,038 2,236 1,839 19,113 Depreciation of right-of-use asset 94 189 649 932 Directors and Supervisory Committee — — 84 84 ENRE penalties 972 1,071 — 2,043 Taxes and charges — 4,272 187 4,459 Other — — 27 27 At 12.31.20 58,387 31,872 15,730 105,989

Other operating income (expen_2

Other operating income (expense) (Tables)	12 Months Ended
	Dec. 31, 2022
Other Operating Income
Schedule of other operating income expense	Schedule of other operating income expense Note 12.31.22 12.31.21 12.31.20 Other operating income Income from customer surcharges 3,031 3,771 4,556 Commissions on municipal taxes collection 673 700 658 Fines to suppliers 118 229 — Services provided to third parties 616 482 707 Related parties 30.a — — 127 Recovery of provision for contingences — — 610 Income from non-reimbursable customer 62 91 78 Expense recovery 50 61 208 Construction plan Framework agreement 2.d 3,013 4,012 — Recovery of allowance for the impairment of trade receivables - Agreement on the Regularization of Obligations 2.c 2,650 — — Other 195 85 137 Total other operating income 10,408 9,431 7,081 Other operating expense Gratifications for services (227 ) (1,682 ) (150 ) Cost for services provided to third parties (546 ) (218 ) (282 ) Severance paid (102 ) (71 ) (72 ) Debit and Credit Tax (1,947 ) (2,081 ) (2,406 ) Provision for contingencies 34 (4,405 ) (4,580 ) (2,616 ) Disposals of property, plant and equipment (348 ) (485 ) (442 ) Refund of fines to suppliers — — (380 ) Other (45 ) (402 ) (273 ) Total other operating expense (7,620 ) (9,519 ) (6,621 )

Net finance costs (Tables)

Net finance costs (Tables)	12 Months Ended
	Dec. 31, 2022
Net Finance Costs
Schedule of net finance costs	Schedule of net finance costs Note 12.31.22 12.31.21 12.31.20 Financial income Financial interest 65 127 74 Other interest 35.a — — 88 Total financial income 65 127 162 Financial costs Commercial interest (74,586 ) (43,305 ) (17,592 ) Interest and other (13,034 ) (9,132 ) (9,317 ) Fiscal interest (8 ) (9 ) (321 ) Bank fees and expenses (145 ) (71 ) (33 ) Total financial costs (87,773 ) (52,517 ) (27,263 ) Other financial results Changes in fair value of financial assets 2,825 7,728 2,907 Loss on debt restructuring (449 ) — — Net gain from the cancelattion of Corporate Notes (363 ) 6 1,219 Exchange differences 1,478 (3,120 ) (8,684 ) Adjustment to present value of receivables 38 (338 ) (292 ) (380 ) Recovery of provision for credit RDSA — 1,130 — Other financial costs (*) (4,583 ) (2,061 ) (617 ) Total other financial results (1,430 ) 3,391 (5,555 ) Total net financial costs (89,138 ) (48,999 ) (32,656 ) (*) As of December 31, 2022 and 2021, includes $ 4,252 and $ 1,775 relating to EDELCOS S.A.’s technical assistance, respectively (Note 35).

Basic and diluted loss per sh_2

Basic and diluted loss per share (Tables)	12 Months Ended
	Dec. 31, 2022
Basic And Diluted Loss Per Share
Schedule of basic and diluted loss per shares	Schedule of basic and diluted loss per shares 12.31.22 12.31.21 12.31.20 Loss for the year attributable to the owners of the Company (17,468 ) (41,577 ) (52,017 ) Weighted average number of common shares outstanding 875 875 875 Basic and diluted loss per share – in pesos (19.96 ) (47.52 ) (59.45 )

Property, plant and equipment (

Property, plant and equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Property, plant and equipment [abstract]
Schedule of property, plant, and equipment	Schedule of property, plant, and equipment Lands and buildings Substations High, medium and low voltage lines Meters and Transformer chambers and platforms Tools, Furniture, vehicles, equipment, communications and advances to suppliers Construction in process Supplies and spare parts Total At 12.31.21 Cost 11,060 99,296 247,276 107,449 23,242 84,965 939 574,227 Accumulated depreciation (2,355 ) (34,319 ) (98,972 ) (44,178 ) (13,822 ) — — (193,646 ) Net amount 8,705 64,977 148,304 63,271 9,420 84,965 939 380,581 Additions 80 84 777 1,009 2,029 29,921 — 33,900 Disposals — — (215 ) (133 ) — — — (348 ) Transfers 28 4,552 10,722 5,309 4,184 (25,060 ) 265 — Depreciation for the year (235 ) (3,544 ) (8,194 ) (4,107 ) (2,113 ) — — (18,193 ) Net amount 12.31.22 8,578 66,069 151,394 65,349 13,520 89,826 1,204 395,940 At 12.31.22 Cost 11,104 103,931 258,108 113,563 29,456 89,826 1,204 607,192 Accumulated depreciation (2,526 ) (37,862 ) (106,714 ) (48,214 ) (15,936 ) — — (211,252 ) Net amount 8,578 66,069 151,394 65,349 13,520 89,826 1,204 395,940 · During the year ended December 31, 2022, the Company capitalized as direct own costs $ 4,484.9 Lands and buildings Substations High, medium and low voltage lines Meters and Transformer chambers and platforms Tools, Furniture, vehicles, equipment, communications and advances to suppliers Construction in process Supplies and spare parts Total At 12.31.20 Cost 10,710 92,493 235,649 102,979 18,429 82,423 945 543,628 Accumulated depreciation (2,102 ) (30,953 ) (91,107 ) (40,260 ) (12,065 ) — — (176,487 ) Net amount 8,608 61,540 144,542 62,719 6,364 82,423 945 367,141 Additions 97 615 450 878 2,903 23,915 2,795 31,653 Disposals (12 ) — (62 ) (409 ) (2 ) — — (485 ) Transfers 263 6,194 11,550 4,217 1,950 (21,373 ) (2,801 ) — Depreciation for the year (251 ) (3,372 ) (8,176 ) (4,134 ) (1,795 ) — — (17,728 ) Impairment — — — — — — — — Net amount 12.31.21 8,705 64,977 148,304 63,271 9,420 84,965 939 380,581 At 12.31.21 Cost 11,060 99,296 247,276 107,449 23,242 84,965 939 574,227 Accumulated depreciation (2,355 ) (34,319 ) (98,972 ) (44,178 ) (13,822 ) — — (193,646 ) Net amount 8,705 64,977 148,304 63,271 9,420 84,965 939 380,581 · During the year ended December 31, 2021, the Company capitalized as direct own costs $ 4,481.0

Right-of-use assets (Tables)

Right-of-use assets (Tables)	12 Months Ended
	Dec. 31, 2022
Right-of-use Assets
Schedule of right of use asset	Schedule of right of use asset 12.31.22 12.31.21 Balance at beginning of year 828 670 Additions 912 1,050 Depreciation for the year (1,033 ) (892 ) Balance at end of the year 707 828

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2022
Inventories Abstract
Schedule of inventories asset	Schedule of inventories asset 12.31.22 12.31.21 Supplies and spare-parts 6,438 6,701 Advance to suppliers — 1 Total inventories 6,438 6,702

Financial instruments (Tables)

Financial instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Financial Instruments
Schedule of financial instruments by category	Schedule of financial instruments by category Financial assets at amortized cost Financial assets at fair value through profit or loss Non-financial assets Total As of December 31, 2022 Assets Trade receivables 27,991 — — 27,991 Other receivables 4,718 4,155 9,830 18,703 Cash and cash equivalents Cash and Banks 867 — — 867 Mutual funds — 763 — 763 Financial assets at fair value through profit or loss: Negotiable instruments — 13,716 — 13,716 Mutual funds — 14,985 — 14,985 Total 33,576 33,619 9,830 77,025 As of December 31, 2021 Assets Trade receivables 34,212 — — 34,212 Other receivables 1,509 — 2,659 4,168 Cash and cash equivalents Cash and Banks 2,957 — — 2,957 Time deposits 595 — — 595 Mutual funds — 2,627 — 2,627 Financial assets at fair value through profit or loss: Negotiable instruments — 17,281 — 17,281 Mutual funds — 12,816 — 12,816 Financial assets at fair value Negotiable instruments 474 — — 474 Total 39,747 32,724 2,659 75,130 Financial liabilities at amortized cost Total As of December 31, 2022 Liabilities Trade payables 180,729 180,729 Other payables 23,810 23,810 Borrowings 14,721 14,721 Total 219,260 219,260 As of December 31, 2021 Liabilities Trade payables 149,678 149,678 Other payables 26,160 26,160 Borrowings 19,989 19,989 Total 195,827 195,827
Schedule of income, expenses, gains and losses of financial instruments	Schedule of income, expenses, gains and losses of financial instruments Financial assets at amortized cost Financial assets at fair value through profit or loss Total As of December 31, 2022 Interest income 65 — 65 Exchange differences 3,915 7,971 11,886 Changes in fair value of financial assets — 2,825 2,825 Total 3,980 10,796 14,776 As of December 31, 2021 Interest income 127 — 127 Exchange differences 889 958 1,847 Changes in fair value of financial assets — 7,728 7,728 Net gain from the cancelattion of Corporate Notes 6 — 6 Other 1,130 — 1,130 Total 2,152 8,686 10,838 Financial liabilities at amortized cost Total As of December 31, 2022 Interest expense (87,620 ) (87,620 ) Exchange differences (10,408 ) (10,408 ) Loss on debt restructuring (449 ) (449 ) Net loss from the cancelattion of Corporate Notes (363 ) (363 ) Other financial results (4,583 ) (4,583 ) Total (103,423 ) (103,423 ) As of December 31, 2021 Interest expense (52,437 ) (52,437 ) Exchange differences (4,967 ) (4,967 ) Other financial results (2,061 ) (2,061 ) Total (59,465 ) (59,465 )
Schedule of credit quality of financial assets	Schedule of credit quality of financial assets 12.31.22 12.31.21 Customers with no external credit rating: Group 1 (i) 19,398 24,988 Group 2 (ii) 2,230 3,234 Group 3 (iii) 6,363 5,990 Total trade receivables 27,991 34,212 (i) Relates to customers with debt to become due. (ii) Relates to customers with past due debt from 0 to 3 months. (iii) Relates to customers with past due debt from 3 to 12 months.

Other receivables (Tables)

Other receivables (Tables)	12 Months Ended
	Dec. 31, 2022
Other Receivables
Schedule of other receivables	Schedule of other receivables Note 12.31.22 12.31.21 Non-current: Financial credit — 9 Related parties 35.c 3 5 Total non-current 3 14 Current: Framework agreement (1) 2.d 2,770 573 Assigned assets and in custody (2) 4,675 — Credit for Real estate asset 38 — 60 Judicial deposits 208 166 Security deposits 99 125 Prepaid expenses 380 404 Advances to personnel 1 47 Financial credit 14 27 Advances to suppliers 308 17 Tax credits 9,830 2,659 Related parties 35.c — 1 Debtors for complementary activities 406 123 Other 53 9 Allowance for the impairment of other receivables (44 ) (57 ) Total current 18,700 4,154 (1) As of December 31, 2022 and 2021, $ 1,517 573 1,253 (2) Relate to Securities issued by private companies for 11,771,500 NV and cash deriving from the collection of securities for USD 2,924,022 assigned to and in possession of Global Valores S.A., respectively. The Company retains the risks and rewards of the aforementioned assets and may make use of them, at its own request, in a term of 15 days.
Schedule of roll forward of the allowance for the impairment of other receivables	Schedule of roll forward of the allowance for the impairment of other receivables 12.31.22 12.31.21 Balance at beginning of year 57 6,475 Increase 24 6 Decrease — (3,450 ) Result from exposure to inflation (30 ) (1,844 ) Recovery (7 ) (1,130 ) Balance at end of the year 44 57
Schedule of aging analysis	Schedule of aging analysis 12.31.22 12.31.21 Without expiry date 308 294 Past due 2,240 664 Up to 3 months 3,655 1,188 From 3 to 6 months 4,019 692 From 6 to 9 months 2,178 658 From 9 to 12 months 6,300 658 More than 12 months 3 14 Total other receivables 18,703 4,168

Trade receivables (Tables)

Trade receivables (Tables)	12 Months Ended
	Dec. 31, 2022
Trade Receivables
Schedule of trade receivables	Schedule of trade receivables 12.31.22 12.31.21 Current: Sales of electricity – Billed 16,012 29,292 Receivables in litigation 287 493 Allowance for the impairment of trade receivables (4,634 ) (11,700 ) Subtotal 11,665 18,085 Sales of electricity – Unbilled 15,333 15,377 PBA & CABA government credit 991 746 Fee payable for the expansion of the transportation and others 2 4 Total current 27,991 34,212
Schedule of allowance for the impairment of trade receivables	Schedule of allowance for the impairment of trade receivables Note 12.31.22 12.31.21 Balance at beginning of the year 11,700 13,534 Increase 2,182 3,816 Decrease (314 ) (411 ) Recovery - Agreement on the Regularization of Obligations 2.c (2,650 ) — Result from exposure to inflation (6,284 ) (5,239 ) Balance at end of the year 4,634 11,700
Schedule of aging analysis of trade receivables	Schedule of aging analysis of trade receivables 12.31.22 12.31.21 Past due 8,593 9,223 Up to 3 months 19,398 24,989 Total trade receivables 27,991 34,212
Schedule of sensitivity analysis	Schedule of sensitivity analysis - 5% increase in the uncollectibility rate estimate 12.31.22 Allowance 4,866 Variation 232 - 5% decrease in the uncollectibility rate estimate 12.31.22 Allowance 4,401 Variation (233 )

Financial assets at amortized_2

Financial assets at amortized cost (Tables)	12 Months Ended
	Dec. 31, 2022
Financial Assets At Amortized Cost
Schedule of financial assets at amortized cost	Schedule of financial assets at amortized cost 12.31.22 12.31.21 Negotiable instruments — 474

Financial assets at fair valu_2

Financial assets at fair value through profit or loss (Tables)	12 Months Ended
	Dec. 31, 2022
Financial Assets At Fair Value Through Profit Or Loss
Schedule of financial assets at fair value through profit or loss	Schedule of financial assets at fair value through profit or loss 12.31.22 12.31.21 Negotiable instruments 13,716 17,281 Mutual funds 14,985 12,816 Total Financial assets at fair value through profit or loss 28,701 30,097

Cash and cash equivalents (Tabl

Cash and cash equivalents (Tables)	12 Months Ended
	Dec. 31, 2022
Cash and cash equivalents [abstract]
Schedule of cash and cash equivalents	Schedule of cash and cash equivalents 12.31.22 12.31.21 Cash and banks 867 2,957 Time deposits — 595 Mutual funds 763 2,627 Total cash and cash equivalents 1,630 6,179

Share capital and additional _2

Share capital and additional paid-in capital (Tables)	12 Months Ended
	Dec. 31, 2022
Share Capital And Additional Paid-in Capital
Schedule of share capital and additional paid-in capital	Schedule of share capital and additional paid-in capital Share capital Additional paid-in capital Total Balance at December 31, 2020 111,957 1,480 113,437 Payment of Other reserve constitution - Share-bases compensation plan — 12 12 Balance at December 31, 2021 111,957 1,492 113,449 Payment of Other reserve constitution - Share-bases compensation plan — 9 9 Balance at December 31, 2022 111,957 1,501 113,458

Trade payables (Tables)

Trade payables (Tables)	12 Months Ended
	Dec. 31, 2022
Trade Payables
Schedule of trade payables	Schedule of trade payables 12.31.22 12.31.21 Non-current Customer guarantees 604 716 Customer contributions 316 571 Total non-current 920 1,287 Current Payables for purchase of electricity - CAMMESA (1) 142,687 112,239 Provision for unbilled electricity purchases - CAMMESA 23,386 18,466 Suppliers 12,915 16,639 Related parties 35.c 205 — Advance to customer 581 912 Customer contributions 34 63 Discounts to customers 1 72 Total current 179,809 148,391 (1) As of December 31, 2022 are disclosed net of the credits recognized by the SE under the Memorandum of Agreement on the Regularization of Payment Obligations for $ 24,174

Other payables (Tables)

Other payables (Tables)	12 Months Ended
	Dec. 31, 2022
Other Payables
Schedule of other payables	Schedule of other payables Note 12.31.22 12.31.21 Non-current ENRE penalties and discounts 17,448 18,260 Financial Lease Liability (1) 39 154 Total Non-current 17,487 18,414 Current ENRE penalties and discounts 5,584 6,923 Related parties 35.c 266 269 Advances for works to be performed 13 25 Financial Lease Liability (1) 458 522 Other 2 7 Total Current 6,323 7,746
Schedule of financial lease liability	Schedule of financial lease liability 12.31.22 12.31.21 Balance at beginning of year 676 602 Increase 582 879 Payments (1,171 ) (1,025 ) Exchange difference 485 173 Interest 254 249 Result from exposure to inlfation (329 ) (202 ) Balance at end of the year 497 676
Schedule of future minimum lease payments	Schedule of future minimum lease payments 12.31.22 12.31.21 2022 — 740 2023 600 226 2024 68 12 2025 15 — Total future minimum lease payments 683 978
Schedule of future minimum collections with respect to operating assignments	Schedule of future minimum collections with respect to operating assignments 12.31.22 12.31.21 2022 — 1,416 2023 975 1,364 2024 30 4 2025 30 — 2026 25 — Total future minimum lease collections 1,060 2,784

Deferred revenue (Tables)

Deferred revenue (Tables)	12 Months Ended
	Dec. 31, 2022
Deferred Revenue
Schedule of deferred revenue	Schedule of deferred revenue Note 12.31.22 12.31.21 Non-current Nonrefundable customer contributions 1,875 3,287 Investment plan 2.c 1,802 — Total Non-current 3,677 3,287 Current Nonrefundable customer contributions 44 86

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2022
Borrowings [abstract]
Schedule of borrowings	Schedule of borrowings 12.31.22 12.31.21 Non-current Corporate notes (1) 14,537 — Current Corporate notes (1) — 19,609 Interest from corporate notes 184 380 Total current 184 19,989 (1) Net of debt issuance, repurchase and redemption expenses.
Schedule of borrowings currency denominations	Schedule of borrowings currency denominations 12.31.22 12.31.21 US dollars 14,721 19,989
Schedule of maturities of the company's borrowings and exposure to interest rate	Schedule of maturities of the company's borrowings and exposure to interest rate 12.31.22 12.31.21 Fixed rate Less than 1 year 184 19,989 From 1 to 2 years 14,537 — Total fixed rate 14,721 19,989
Schedule of roll forward of the company's borrowings	Schedule of roll forward of the company's borrowings 12.31.22 12.31.21 Balance at beginning of the year 19,989 24,702 Proceeds from borrowings 4,420 — Payment of borrowings' interests (896 ) (1,743 ) Paid from repurchase of Corporate Notes (472 ) (33 ) Gain from repurchase of Corporate Notes 363 (6 ) Payment of borrowings (6,078 ) — Loss on debt restructuring 449 — Payment of Corporate Notes issuance expenses (565 ) — Exchange diference and interest accrued 8,117 5,394 Result from exposure to inlfation (10,606 ) (8,325 ) Balance at the end of year 14,721 19,989
Schedule of debt issued	Schedule of debt issued in USD in millions of $ Corporate Notes Class Debt structure at 12/31/2021 and 2020 Opening of the exchange offer Reopening of the exchange offer Debt structure at 12/31/2022 Debt structure at 12/31/2021 Debt structure at 12/31/2022 Fixed rate par note - Maturity 2022 9 98,057,000 26,231,000 20,616,000 — 19,989 — Fixed rate par note - Maturity 2024 2 — — 30,000,000 30,000,000 — 5,141 Fixed rate par note - Maturity 2025 1 — 52,706,268 55,244,538 55,244,538 — 9,580 Total 98,057,000 78,937,268 105,860,538 85,244,538 19,989 14,721

Salaries and social security _2

Salaries and social security taxes payable (Tables)	12 Months Ended
	Dec. 31, 2022
Salaries And Social Security Taxes Payable
Schedule of salaries and social security taxes payable	Schedule of salaries and social security taxes payable 12.31.22 12.31.21 Non-current Seniority-based bonus 771 776 Current Salaries payable and provisions 8,258 7,748 Social security payable 1,052 1,002 Early retirements payable 29 46 Total current 9,339 8,796
Schedule of salaries and social security taxes charged to profit or loss	Schedule of salaries and social security taxes charged to profit or loss 12.31.22 12.31.21 12.31.20 Salaries 23,566 21,934 23,945 Social security taxes 9,165 8,530 9,312 Total salaries and social security taxes 32,731 30,464 33,257

Benefit plans (Tables)

Benefit plans (Tables)	12 Months Ended
	Dec. 31, 2022
Benefit Plans
Schedule of benefit plans	Schedule of benefit plans 12.31.22 12.31.21 Non-current 1,861 1,941 Current 234 254 Total Benefit plans 2,095 2,195
The breakdown of the benefit plan obligations	The breakdown of the benefit plan obligations 12.31.22 12.31.21 Benefit payment obligations at beginning of year 2,195 2,449 Current service cost 374 129 Interest cost 828 1,342 Actuarial losses 654 (390 ) Result from exposure to inflation for the year (1,689 ) (1,197 ) Benefits paid to participating employees (267 ) (138 ) Benefit payment obligations at end of year 2,095 2,195
Schedule of detail of the charge recognized in the statement of comprehensive loss income	Schedule of detail of the charge recognized in the statement of comprehensive loss income 12.31.22 12.31.21 12.31.20 Cost 374 129 473 Interest 828 1,342 929 Actuarial results - Other comprehensive results 654 (390 ) (319 ) Benefit plan charge 1,856 1,081 1,083
Schedule of assumptions	Schedule of assumptions 12.31.22 12.31.21 12.31.20 Discount rate 5 % 5 % 5 % Salary increase 1 % 1 % 1 % Inflation 48 % 57 % 50 %
Sensitivity analysis	Sensitivity analysis 12.31.22 Discount Rate: 4% Obligation 2,519 Variation 215 9 % Discount Rate: 6% Obligation 2,121 Variation (183 ) (8 %) Salary Increase : 0% Obligation 2,113 Variation (191 ) (8 %) Salary Increase: 2% Obligation 2,526 Variation 222 10 %
The expected payments of benefits	The expected payments of benefits In 2023 In 2024 In 2025 In 2026 In 2027 Between 2028 to 2032 At December 31, 2021 Benefit payment obligations 234 44 46 43 10 39

Income tax and deferred tax (Ta

Income tax and deferred tax (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax And Deferred Tax
Schedule of income tax expense	Schedule of income tax expense 12.31.22 12.31.21 12.31.20 Deferred tax (15,017 ) (12,356 ) 8,150 Change in the income tax rate — (14,557 ) 2,501 Current tax — (3,978 ) — Difference between provision and tax return 183 436 (179 ) Income tax expense (14,834 ) (30,455 ) 10,472
Schedule of analysis of deferred tax assets and liabilities	Schedule of analysis of deferred tax assets and liabilities 12.31.21 Result from exposure to inflation Charged to Profit and loss Charged to Other comprenhen- sive income 12.31.22 Deferred tax assets Tax loss carryforward (*) — — 16,541 — 16,541 Trade receivables and other receivables 4,350 (2,117 ) (796 ) — 1,437 Trade payables and other payables 2,340 (1,139 ) 508 — 1,709 Salaries and social security taxes payable 1,037 (505 ) 250 — 782 Benefit plans 34 (17 ) (44 ) 229 202 Tax liabilities 49 (24 ) 18 — 43 Provisions 3,148 (1,532 ) 649 — 2,265 Deferred tax asset 10,958 (5,334 ) 17,126 229 22,979 Deferred tax liabilities: Property, plant and equipment (99,315 ) 48,330 (63,734 ) — (114,719 ) Financial assets at fair value through profit or loss (745 ) 363 (1,373 ) — (1,755 ) Borrowings (2 ) 1 (197 ) — (198 ) Tax inflation adjustment (7,199 ) 3,503 (13,519 ) — (17,215 ) Deferred tax liability (107,261 ) 52,197 (78,823 ) — (133,887 ) Net deferred tax liability (96,303 ) 46,863 (61,697 ) 229 (110,908 ) (*) Relates to the tax loss originated in fiscal year 2022, for a nominal value of $ 47,259, which becomes statute-barred in 2027. It does not exceed its recoverable value. 12.31.20 Result from exposure to inflation Charged to Profit and loss Charged to Other comprenhen- sive income 12.31.21 Deferred tax assets Tax loss carryforward 728 (245 ) (483 ) — — Trade receivables and other receivables 3,970 (1,338 ) 1,718 — 4,350 Trade payables and other payables 1,991 (672 ) 1,021 — 2,340 Salaries and social security taxes payable 750 (253 ) 540 — 1,037 Benefit plans 226 (76 ) 21 (137 ) 34 Tax liabilities 56 (19 ) 12 — 49 Provisions 2,404 (810 ) 1,554 — 3,148 Deferred tax asset 10,125 (3,413 ) 4,383 (137 ) 10,958 Deferred tax liabilities: Property, plant and equipment (68,732 ) 23,178 (53,761 ) — (99,315 ) Financial assets at fair value through profit or loss (877 ) 296 (164 ) — (745 ) Borrowings (6 ) 2 2 — (2 ) Tax inflation adjustment (10,199 ) 3,440 (440 ) — (7,199 ) Deferred tax liability (79,814 ) 26,916 (54,363 ) — (107,261 ) Net deferred tax liability (69,689 ) 23,503 (49,980 ) (137 ) (96,303 )
Schedule of reconciliation between the income tax expense recognized in profit or loss	Schedule of reconciliation between the income tax expense recognized in profit or loss 12.31.22 12.31.21 12.31.20 Loss for the year before taxes (2,634 ) (11,122 ) (62,489 ) Applicable tax rate 35 % 35 % 30 % Result for the year at the tax rate 922 3,893 18,747 Gain (loss) on net monetary position 6,013 (6,541 ) (3,935 ) Adjustment effect on tax inflation (21,929 ) (13,581 ) (6,539 ) Non-taxable income (23 ) (105 ) (123 ) Difference between provision and tax return 183 436 (179 ) Change in the income tax rate — (14,557 ) 2,501 Income tax expense (14,834 ) (30,455 ) 10,472
Schedule of income tax provisions	Schedule of income tax provisions 12.31.22 12.31.21 Current Provision of income tax payable — 3,977 Tax withholdings — (1,535 ) Total current — 2,442

Tax liabilities (Tables)

Tax liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Tax Liabilities
Schedule of tax liabilities	Schedule of tax liabilities 12.31.22 12.31.21 Non-current Current Provincial, municipal and federal contributions and taxes 354 255 Tax withholdings 567 443 SUSS withholdings 58 53 Municipal taxes 338 454 Total current 1,317 1,205

Provisions (Tables)

Provisions (Tables)	12 Months Ended
	Dec. 31, 2022
Provisions [abstract]
Schedule of provisions	Schedule of provisions Included in non-current liabilities For contingencies 12.31.22 12.31.21 At 12.31.21 7,755 7,145 Increases 2,622 3,569 Result from exposure to inflation for the year (4,824 ) (2,959 ) At 12.31.22 5,553 7,755

Related-party transactions (Tab

Related-party transactions (Tables)	12 Months Ended
	Dec. 31, 2022
Related party transactions [abstract]
Schedule of related party income	Schedule of related party income Company Concept 12.31.22 12.31.21 12.31.20 PESA Impact study — — 10 SACDE Reimbursement expenses — — 117 FIDUS SGR SGR contribution revenue — 88 — — 215
Schedule of related party expenses	Schedule of related party expenses Company Concept 12.31.22 12.31.21 12.31.20 EDELCOS S.A. Technical advisory services on financial matters (4,252 ) (1,775 ) — PESA Technical advisory services on financial matters — — (606 ) SACME Operation and oversight of the electric power transmission system (236 ) (617 ) (300 ) Andina PLC Financial interest (27 ) — — OSV Hiring life insurance for staff — — (80 ) SB&WM Abogados Legal fees — — (39 ) FIDUS Legal fees — — (12 ) ABELOVICH, POLANO & Legal fees — — (4 ) Estudio Cuneo Libarona Abogados Legal fees (5 ) — — (4,520 ) (2,392 ) (1,041 )
Schedule of key management personnel remuneration	Schedule of key management personnel remuneration 12.31.22 12.31.21 12.31.20 Salaries 914 2,957 947
Schedule of related party receivables and payables	Schedule of related party receivables and payables 12.31.22 12.31.21 Other receivables - Non current SACME 3 5 Other receivables - Current SACME — 1 Trade payables EDELCOS S.A. (205 ) — Other payables Andina PLC (228 ) (232 ) SACME (38 ) (37 ) (266 ) (269 ) (*) Balances held and transactions carried out as of December 31, 2020, with the companies that comprised the Company’s former controlling economic group (Pampa Energía S.A.) are disclosed for comparative purposes.

Financial debt restructuring (T

Financial debt restructuring (Tables)	12 Months Ended
	Dec. 31, 2022
Financial Debt Restructuring
Schedule of debt structure	Schedule of debt structure in USD in millions of $ Corporate Notes Class Debt structure at 12/31/2021 and 2020 Opening of the exchange offer Reopening of the exchange offer Debt structure at 12/31/2022 Debt structure at 12/31/2021 Debt structure at 12/31/2022 Fixed rate par note - Maturity 2022 9 98,057,000 26,231,000 20,616,000 — 19,989 — Fixed rate par note - Maturity 2024 2 — — 30,000,000 30,000,000 — 5,141 Fixed rate par note - Maturity 2025 1 — 52,706,268 55,244,538 55,244,538 — 9,580 Total 98,057,000 78,937,268 105,860,538 85,244,538 19,989 14,721

General information (Details Na

General information (Details Narrative) $ in Millions	12 Months Ended
	Dec. 31, 2022 ARS ($)
General Information
Awarded percentage	51%
Maturity	maturities taking place in March 2020
Principal balance	$ 63,689
Interest and charges	$ 79,640

Regulatory framework (Details)

Regulatory framework (Details)	12 Months Ended
	Dec. 31, 2022
S E No 3052022 [Member]
IfrsStatementLineItems [Line Items]
Issued date	Apr. 29, 2022
Energy bill approves	Seasonal reference prices (1)	[1]
Effective date	May 1
E N R E No 1462022 [Member]
IfrsStatementLineItems [Line Items]
Issued date	May 06, 2022
Energy bill approves	Electricity rate schedules
Effective date	May 1
S E No 4052022 [Member]
IfrsStatementLineItems [Line Items]
Issued date	May 27, 2022
Energy bill approves	Seasonal reference prices
Effective date	June 1
E N R E No 1712022 [Member]
IfrsStatementLineItems [Line Items]
Issued date	May 31, 2022
Energy bill approves	Electricity rate schedules
Effective date	June 1
S E No 6052022 [Member]
IfrsStatementLineItems [Line Items]
Issued date	Jul. 28, 2022
Energy bill approves	Seasonal reference prices
Effective date	August 1
E N R E No 2222022 [Member]
IfrsStatementLineItems [Line Items]
Issued date	Jul. 29, 2022
Energy bill approves	Electricity rate schedules
Effective date	August 1
S E No 6272022 [Member]
IfrsStatementLineItems [Line Items]
Issued date	Aug. 25, 2022
Energy bill approves	Seasonal reference prices
Effective date	September 1
E N R E No 3132022 [Member]
IfrsStatementLineItems [Line Items]
Issued date	Sep. 07, 2022
Energy bill approves	Electricity rate schedules
Effective date	September 1
S E No 6492022 [Member]
IfrsStatementLineItems [Line Items]
Issued date	Sep. 13, 2022
Energy bill approves	Seasonal reference prices
Effective date	September 1
E N R E No 4342022 [Member]
IfrsStatementLineItems [Line Items]
Issued date	Sep. 22, 2022
Energy bill approves	Electricity rate schedules
Effective date	September 1
E N R E No 4842022 [Member]
IfrsStatementLineItems [Line Items]
Issued date	Oct. 06, 2022
Energy bill approves	Electricity rate schedules (2)	[2]
Effective date	September 1
S E No 7192022 [Member]
IfrsStatementLineItems [Line Items]
Issued date	Oct. 28, 2022
Energy bill approves	Seasonal reference prices (3)	[3]
Effective date	November 1
E N R E No 5542022 [Member]
IfrsStatementLineItems [Line Items]
Issued date	Nov. 02, 2022
Energy bill approves	Electricity rate schedules
Effective date	November 1
S E No 542023 [Member]
IfrsStatementLineItems [Line Items]
Issued date	Feb. 01, 2023
Energy bill approves	Seasonal reference prices
Effective date	February 1
E N R E No 1772023 [Member]
IfrsStatementLineItems [Line Items]
Issued date	Feb. 02, 2023
Energy bill approves	Electricity rate schedules
Effective date	February 1
E N R E No 2412023 [Member]
IfrsStatementLineItems [Line Items]
Issued date	Feb. 28, 2023
Energy bill approves	Electricity rate schedules
Effective date	April 1 and June 1
[1]It approves the Winter Seasonal Programming for the MEM submitted by CAMMESA, relating to the May 1, 2022-October 31, 2022 period.[2]It amends the average electricity rate approved by ENRE Resolution No. 434/2022, which implied a 3.8% decrease thereof, according to the valuation of the residential user category’s consumption during the month of September.[3]It approves the Summer Seasonal Programming for the MEM submitted by CAMMESA, relating to the November 1, 2022-April 30, 2023 period.

Regulatory framework (Details 1

Regulatory framework (Details 1) $ in Millions	12 Months Ended
	Dec. 31, 2022 ARS ($)
IfrsStatementLineItems [Line Items]
Credit related concepts	$ 24,174
Implementation Of Policies To Benefit The Demand [Member]
IfrsStatementLineItems [Line Items]
Credit related concepts	9,670
Maintenance Of Electricity Rates [Member]
IfrsStatementLineItems [Line Items]
Credit related concepts	4,835
Investment Plan [Member]
IfrsStatementLineItems [Line Items]
Credit related concepts	1,802
Section 2 Res [Member]
IfrsStatementLineItems [Line Items]
Credit related concepts	$ 7,867

Regulatory framework (Details N

Regulatory framework (Details Narrative) - ARS ($) $ in Millions		12 Months Ended			24 Months Ended
	Jan. 14, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Aug. 31, 2022
Reserve Quantities [Line Items]
Term of concession		95 years
Payment for obligations		$ 24,174			$ 57,159
Recognizes credit					$ 24,174
Payment for debt		$ 32,985
Interest rate reduced		50%
Agreement on the Regularization of Obligations		$ 18,136
Recovery of allowance for the impairment of trade receivables - Agreement on the Regularization of Obligations		2,650
Concession area amounted		$ 2,126
Description of date of issuance		At the date of issuance of these financial statements, the Company has used a total of $ 3,016, $ 1,517 of which has not yet been credited, relating to the reports on progress of the works performed. The income recognized in fiscal year 2022, which relates to reports on progress of the works performed with the Company’s own funds amounts to $ 1,222 (which at the purchasing power of the currency at December 31, 2022 amounts to $ 1,760).
Contributions		$ 9,165	8,530	$ 9,312
Debts		1,253
Recognition of consumption of electricity		$ 1,253
E N R E [Member]
Reserve Quantities [Line Items]
Contributions			917
Buenos Aires [Member]
Reserve Quantities [Line Items]
Contributions			$ 336
Nonadjusting events after reporting period member
Reserve Quantities [Line Items]
Description of disbursement payments	As of December 31, 2022, negotiations are underway between the Company and the ENRE concerning the other disbursements stipulated in the agreement, which total an additional $1,000 relating to the second and third disbursements, plus a fourth disbursement in accordance with that which the ENRE will validate and inform about the vulnerable neighborhoods’ total consumption between August and December 2020.
P e s a1 member
Reserve Quantities [Line Items]
Share capital percentag		51%

Basis of preparation (Details N

Basis of preparation (Details Narrative)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Basis Of Preparation
Inflation rate	94.80%	50.90%	36.13%	53.77%	47.66%

Accounting policies (Details)

Accounting policies (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Applicable tax rate	35%	35%	30%
Tax member
IfrsStatementLineItems [Line Items]
Applicable tax rate	25%
Tax member | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Accumulated net taxable income	$ 0
Tax member | Top of range [member]
IfrsStatementLineItems [Line Items]
Accumulated net taxable income	$ 5,000
Tax1 member
IfrsStatementLineItems [Line Items]
Applicable tax rate	30%
Amount to be paid	$ 1,250
Tax1 member | Top of range [member]
IfrsStatementLineItems [Line Items]
Accumulated net taxable income	50,000
Tax2 member
IfrsStatementLineItems [Line Items]
Accumulated net taxable income	$ 50,000
Applicable tax rate	35%
Amount to be paid	$ 14,750

Accounting policies (Details Na

Accounting policies (Details Narrative) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Other finance costs		$ 173
Income tax payable rate	35%	35%	30%
Description of income tax percentage	calculated from the beginning to the end of each year, exceeded fifty-five percent (55%), thirty percent (30%) and fifteen percent (15%) for fiscal years 2018, 2019 and 2020, respectively. Although as of December 31, 2018, the CPI cumulative variation did not exceed the 55% threshold for the application of the tax inflation adjustment in that first fiscal year, as of December 31, 2020 and 2019, the CPI cumulative variations for the 12 months of each year had amounted to 36.13% and 53.77%, respectively, which exceeded the 15% and 30% thresholds fixed for the third and second transition years of the tax inflation adjustment, and, therefore, the Company recognized the effect of the tax inflation adjustment in the calculation of the current and deferred income tax provision in those fiscal years.
Land [member]
IfrsStatementLineItems [Line Items]
Estimated useful lives	not depreciated
Facilities in service member
IfrsStatementLineItems [Line Items]
Estimated useful lives	between 30 and 50 years
Office equipment [member]
IfrsStatementLineItems [Line Items]
Estimated useful lives	between 5 and 20 years

Financial risk management (Deta

Financial risk management (Details) $ in Millions, $ in Millions	Dec. 31, 2022 ARS ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 ARS ($)	Dec. 31, 2021 USD ($)
Current assets member
IfrsStatementLineItems [Line Items]
Foreign currency balance assets	$ 17,908		$ 11,806
Total assets member
IfrsStatementLineItems [Line Items]
Foreign currency balance assets	17,908		11,806
Noncurrent liabilities member
IfrsStatementLineItems [Line Items]
Foreign currency balance liabilities	$ 14,537		0
Noncurrent liabilities member | Borrowing member
IfrsStatementLineItems [Line Items]
Amount of foreign currency		$ 82.1
Exchange rate	177.160	177.160
Foreign currency balance liabilities		$ 14,537		$ 0
Current liabilities member
IfrsStatementLineItems [Line Items]
Foreign currency balance liabilities	$ 3,586		24,392
Current liabilities member | Borrowing member
IfrsStatementLineItems [Line Items]
Amount of foreign currency		$ 1
Exchange rate	177.160	177.160
Foreign currency balance liabilities		$ 184		19,989
Current liabilities member | Trade payables2 member
IfrsStatementLineItems [Line Items]
Amount of foreign currency		$ 17.7
Exchange rate	177.160	177.160
Foreign currency balance liabilities		$ 3,136		2,402
Current liabilities member | Other payables member
IfrsStatementLineItems [Line Items]
Amount of foreign currency		$ 1.3
Exchange rate	177.160	177.160
Foreign currency balance liabilities		$ 228		2,001
Total liabilities member
IfrsStatementLineItems [Line Items]
Foreign currency balance liabilities	$ 18,123		$ 24,392
Other receivables member | Current assets member
IfrsStatementLineItems [Line Items]
Amount of foreign currency		$ 19.3
Exchange rate	176.960	176.960
Foreign currency balance assets		$ 3,415		201
Financial assets at fair value through profit or loss, category [member] | Current assets member
IfrsStatementLineItems [Line Items]
Amount of foreign currency		$ 81.7
Exchange rate	176.960	176.960
Foreign currency balance assets		$ 14,458		9,203
Cash and equivalents member | Current assets member
IfrsStatementLineItems [Line Items]
Amount of foreign currency		$ 0.2
Exchange rate	176.960	176.960
Foreign currency balance assets		$ 35		$ 2,402

Financial risk management (De_2

Financial risk management (Details 1) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Net position assets/(liabilities)	$ (215)	$ (12,586)
United States of America, Dollars
IfrsStatementLineItems [Line Items]
Net position assets/(liabilities)	(177)	(12,586)
Euro Member Countries, Euro
IfrsStatementLineItems [Line Items]
Net position assets/(liabilities)	$ (38)	$ 0

Financial risk management (De_3

Financial risk management (Details 2) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Decrease in the results of operations for the year	$ (22)	$ (1,259)
United States of America, Dollars
IfrsStatementLineItems [Line Items]
Decrease in the results of operations for the year	(18)	(1,259)
Euro Member Countries, Euro
IfrsStatementLineItems [Line Items]
Decrease in the results of operations for the year	$ (4)	$ 0

Financial risk management (De_4

Financial risk management (Details 3) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Non-derivative financial liabilities	$ 236,503	$ 214,608
Less than3 months member
IfrsStatementLineItems [Line Items]
Non-derivative financial liabilities	67,730	52,522
From3 months to1 year member
IfrsStatementLineItems [Line Items]
Non-derivative financial liabilities	9,652	33,998
From2 to5 years member
IfrsStatementLineItems [Line Items]
Non-derivative financial liabilities	23,705	24,386
Trade and other payables member
IfrsStatementLineItems [Line Items]
Non-derivative financial liabilities	221,782	194,619
Trade and other payables member | Less than3 months member
IfrsStatementLineItems [Line Items]
Non-derivative financial liabilities	67,730	52,522
Trade and other payables member | From3 months to1 year member
IfrsStatementLineItems [Line Items]
Non-derivative financial liabilities	9,468	14,009
Trade and other payables member | From2 to5 years member
IfrsStatementLineItems [Line Items]
Non-derivative financial liabilities	23,705	24,386
Borrowing member
IfrsStatementLineItems [Line Items]
Non-derivative financial liabilities	14,721	19,989
Borrowing member | Less than3 months member
IfrsStatementLineItems [Line Items]
Non-derivative financial liabilities	0	0
Borrowing member | From3 months to1 year member
IfrsStatementLineItems [Line Items]
Non-derivative financial liabilities	184	19,989
Borrowing member | From2 to5 years member
IfrsStatementLineItems [Line Items]
Non-derivative financial liabilities	0	0
Borrowing member | No deadline member
IfrsStatementLineItems [Line Items]
Non-derivative financial liabilities	0	0
Borrowing member | From1 to2 years member
IfrsStatementLineItems [Line Items]
Non-derivative financial liabilities	14,537	0
No deadline member
IfrsStatementLineItems [Line Items]
Non-derivative financial liabilities	120,470	103,096
No deadline member | Trade and other payables member
IfrsStatementLineItems [Line Items]
Non-derivative financial liabilities	120,470	103,096
From1 to2 years member
IfrsStatementLineItems [Line Items]
Non-derivative financial liabilities	14,946	606
From1 to2 years member | Trade and other payables member
IfrsStatementLineItems [Line Items]
Non-derivative financial liabilities	$ 409	$ 606

Financial risk management (De_5

Financial risk management (Details 4) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Financial Risk Management
Total liabilities	$ 354,465	$ 319,718
Less: Cash and cash equivalents and Financial assets at fair value through profit or loss	(30,331)	(36,276)
Net debt	324,134	283,442
Total Equity	125,666	143,550	$ 184,862	$ 236,655
Total capital attributable to owners	$ 449,800	$ 426,992
Gearing ratio	72.06%	66.38%

Financial risk management (De_6

Financial risk management (Details 5) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Assets	$ 34,139	$ 32,724
Transferred Assets And In Custody [Member]
IfrsStatementLineItems [Line Items]
Assets	4,675
Negotiable Instruments [Member]
IfrsStatementLineItems [Line Items]
Assets	13,716	17,281
Mutual funds member
IfrsStatementLineItems [Line Items]
Assets	14,985	12,816
Cash and cash equivalents	$ 763	$ 2,627

Financial risk management (De_7

Financial risk management (Details Narrative) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Financial Risk Management
Delinquent trade receivables	$ 6,562	$ 20,277
Net delinquent trade receivables	4,235
Allowances	4,634	11,700
Financial assets	$ 28,701	$ 30,097

Critical accounting estimates_2

Critical accounting estimates and judgments (Details Narrative)	12 Months Ended
	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Electricity discount rate	14.62%
Scenario no1 member
IfrsStatementLineItems [Line Items]
Probability of occurance assigned percentage	25%
Scenario no2 member
IfrsStatementLineItems [Line Items]
Probability of occurance assigned percentage	60%
Scenario no3 member
IfrsStatementLineItems [Line Items]
Probability of occurance assigned percentage	15%

Interest in joint ventures (Det

Interest in joint ventures (Details) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Equity attributable to the owners	$ 21	$ 27
S a c m e member
IfrsStatementLineItems [Line Items]
Percentage interest held in capital stock and votes	50%
Equity attributable to the owners	$ 21	$ 27

Contingencies and lawsuits (Det

Contingencies and lawsuits (Details Narrative) $ in Millions	Dec. 31, 2022 ARS ($)
Contingencies And Lawsuits
Legal provision	$ 7,054

Revenue from sales and energy_3

Revenue from sales and energy purchases (Details)	12 Months Ended
	Dec. 31, 2022
Small demand tariff member
IfrsStatementLineItems [Line Items]
Energy losses	Small demand segment: Residential use and public lighting (T1)
Description of the main services provided	Relates to the highest demand average recorded over 15 consecutive minutes that is less than 10 kilowatts. In turn, this segment is subdivided into different residential categories based on consumption. This segment also includes a category for public lighting. Users are categorized by the Company according to their consumption.
Medium demand segment member
IfrsStatementLineItems [Line Items]
Energy losses	Medium demand segment: Commercial and industrial customers (T2)
Description of the main services provided	Relates to the highest demand average recorded over 15 consecutive minutes that is equal to or greater than 10 Kilowatts but less than 50 Kilowatts. The Company agrees with the user the supply capacity.
Large demand segment member
IfrsStatementLineItems [Line Items]
Energy losses	Large demand segment (T3)
Description of the main services provided	Relates to the highest demand average recorded over 15 consecutive minutes that is greater than 50 Kilowatts. In turn, this segment is subdivided into categories according to the supply voltage -low, medium or high-, from voltages of up to 1 Kilovolt to voltages greater than 66 Kilovolts.
Other demand segment member
IfrsStatementLineItems [Line Items]
Energy losses	Wheeling system)
Description of the main services provided	Revenue is recognized to the extent that a renewal of the Framework Agreement has been formalized for the period in which the service was rendered. In the case of the service related to the Wheeling system, revenue is recognized when the Company allows third parties (generators and large users) to access to the available transmission capacity within its distribution system upon payment of a wheeling fee.
Right of use of poles member
IfrsStatementLineItems [Line Items]
Energy losses	Right of use of poles
Description of the main services provided	Revenue is recognized to the extent that the rental value of the right of use of the poles used by the Company’s electricity network has been agreed upon for the benefit of third parties.
Connection and reconnection charges member
IfrsStatementLineItems [Line Items]
Energy losses	Connection and reconnection charges
Description of the main services provided	Relate to revenue accrued for the carrying out of the electricity supply connection of new customers or the reconnection of already existing users.
Energy purchase member
IfrsStatementLineItems [Line Items]
Energy losses	Energy purchase
Description of the main services provided	The Company bills its users the cost of its purchases of energy, which includes charges for purchases of energy and power. The Company purchases electric power at seasonal prices approved by the SE. The price of the Company’s electric power represents transmission costs and other regulatory charges.
Energy losses member
IfrsStatementLineItems [Line Items]
Energy losses	Energy losses
Description of the main services provided	Energy losses are equivalent to the difference between energy purchased and energy sold. These losses can be classified into technical and non-technical losses. Technical losses represent the energy lost during transmission and distribution within the network as a consequence of the natural heating of the conductors and transformers that carry electricity from power generation plants to users. Non-technical losses represent the remainder of the Company’s energy losses and are mainly due to the illegal use of its services or the theft of energy. Energy losses require that the Company purchase additional energy in order to meet the demand and its Concession Agreement allows it to recover from its users the cost of these purchases up to a loss factor specified in its concession for each rate category. The current loss factor recognized in the electricity rate by virtue of its concession amounts to approximately 9.1%.

Revenue from sales and energy_4

Revenue from sales and energy purchases (Details 1) $ in Millions		12 Months Ended
		Dec. 31, 2022 ARS ($) MWh	Dec. 31, 2021 ARS ($) MWh	Dec. 31, 2020 ARS ($) MWh
IfrsStatementLineItems [Line Items]
Total - Revenue		$ 205,835	$ 221,091	$ 268,389
Total - Revenue		$ (205,835)	$ (221,091)	$ (268,389)
Small demand tariff member
IfrsStatementLineItems [Line Items]
Sale of energy | MWh | MWh		13,052	12,373	11,600
Total - Revenue		$ 112,853	$ 130,223	$ 168,574
Total - Revenue		$ (112,853)	$ (130,223)	$ (168,574)
Medium demand segment member
IfrsStatementLineItems [Line Items]
Sale of energy | MWh | MWh		1,529	1,447	1,341
Total - Revenue		$ 21,035	$ 23,668	$ 30,990
Total - Revenue		$ (21,035)	$ (23,668)	$ (30,990)
Large demand segment member
IfrsStatementLineItems [Line Items]
Sale of energy | MWh | MWh		3,714	3,492	3,210
Total - Revenue		$ 61,391	$ 55,576	$ 58,284
Total - Revenue		$ (61,391)	$ (55,576)	$ (58,284)
Other demand segment member
IfrsStatementLineItems [Line Items]
Sale of energy | MWh | MWh		4,531	4,398	4,028
Total - Revenue		$ 9,320	$ 10,114	$ 9,146
Total - Revenue		$ (9,320)	$ (10,114)	$ (9,146)
Subtotal sales of electricity member
IfrsStatementLineItems [Line Items]
Sale of energy | MWh | MWh		22,826	21,710	20,179
Total - Revenue		$ 204,599	$ 219,581	$ 266,994
Total - Revenue		(204,599)	(219,581)	(266,994)
Right of use of poles member
IfrsStatementLineItems [Line Items]
Total - Revenue		1,115	1,367	1,237
Total - Revenue		(1,115)	(1,367)	(1,237)
Connection and reconnection charges member
IfrsStatementLineItems [Line Items]
Total - Revenue		121	143	158
Total - Revenue		(121)	(143)	(158)
Subtotal other eervices member
IfrsStatementLineItems [Line Items]
Total - Revenue		1,236	1,510	1,395
Total - Revenue		$ (1,236)	$ (1,510)	$ (1,395)
Energy purchase member
IfrsStatementLineItems [Line Items]
Sale of energy | MWh | MWh	[1]	27,158	26,373	25,124
Total - Revenue	[1]	$ 143,228	$ 135,966	$ 170,264
Total - Revenue	[1]	$ (143,228)	$ (135,966)	$ (170,264)
[1]As of December 31, 2022, 2021 and 2020, includes technical and non-technical energy losses for 4,333 GWh, 4,663 GWh and 4,945 GWh, respectively.

Expenses by nature (Details)

Expenses by nature (Details) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Transmission and distribution expenses	$ 54,917	$ 56,708	$ 58,387
Selling expenses	23,669	22,391	31,872
Administrative expenses	18,052	14,505	15,730
Expenses by nature	96,638	93,604	105,989
Pension plans [member]
IfrsStatementLineItems [Line Items]
Administrative expenses	250	240	282
Expenses by nature	1,202	1,471	1,402
Communication expenses member
IfrsStatementLineItems [Line Items]
Administrative expenses	1	1	2
Expenses by nature	1,289	1,633	1,948
Allowance for impairment of trade and other receivables member
IfrsStatementLineItems [Line Items]
Administrative expenses
Expenses by nature	2,199	3,822	12,293
Supplies consumption member
IfrsStatementLineItems [Line Items]
Administrative expenses	329	414	434
Expenses by nature	3,587	4,824	5,954
Leases and insurance member
IfrsStatementLineItems [Line Items]
Administrative expenses	1,125	996	925
Expenses by nature	1,127	997	929
Security service member
IfrsStatementLineItems [Line Items]
Administrative expenses	176	227	101
Expenses by nature	1,428	1,298	1,096
Fees and remuneration for services member
IfrsStatementLineItems [Line Items]
Administrative expenses	6,640	5,038	4,521
Expenses by nature	22,625	22,447	22,365
Public relations and marketing member
IfrsStatementLineItems [Line Items]
Administrative expenses
Expenses by nature	1,896	226	56
Advertising and sponsorhip member
IfrsStatementLineItems [Line Items]
Administrative expenses
Expenses by nature	977	117	29
Reimbursements to personnel member
IfrsStatementLineItems [Line Items]
Administrative expenses	2	2	2
Expenses by nature	2	2	2
Depreciation of property plants and equipment member
IfrsStatementLineItems [Line Items]
Administrative expenses	1,750	1,705	1,839
Expenses by nature	18,193	17,728	19,113
Depreciation of right of use asset member
IfrsStatementLineItems [Line Items]
Administrative expenses	723	625	649
Expenses by nature	1,033	892	932
Directors and supervisory committee members fee member
IfrsStatementLineItems [Line Items]
Administrative expenses	69	69	84
Expenses by nature	69	69	84
E n r e penalties member
IfrsStatementLineItems [Line Items]
Administrative expenses
Expenses by nature	4,868	3,982	2,043
Taxes and charges member
IfrsStatementLineItems [Line Items]
Administrative expenses	138	166	187
Expenses by nature	3,366	3,577	4,459
Other member
IfrsStatementLineItems [Line Items]
Administrative expenses	44	53	27
Expenses by nature	46	55	27
Salaries and social security taxes member
IfrsStatementLineItems [Line Items]
Transmission and distribution expenses	22,553	21,995	22,797
Selling expenses	3,373	3,500	3,783
Administrative expenses	6,805	4,969	6,677
Expenses by nature	32,731	30,464	33,257
Pension plans [member]
IfrsStatementLineItems [Line Items]
Transmission and distribution expenses	828	1,062	960
Selling expenses	124	169	160
Communications expenses member
IfrsStatementLineItems [Line Items]
Transmission and distribution expenses	444	507	641
Selling expenses	844	1,125	1,305
Allowance for the impairment of trade and other receivables member
IfrsStatementLineItems [Line Items]
Transmission and distribution expenses
Selling expenses	2,199	3,822	12,293
Supplies consumption member
IfrsStatementLineItems [Line Items]
Transmission and distribution expenses	3,258	4,410	5,520
Selling expenses
Leases and insurance member
IfrsStatementLineItems [Line Items]
Transmission and distribution expenses			2
Selling expenses	2	1	2
Security service member
IfrsStatementLineItems [Line Items]
Transmission and distribution expenses	1,109	987	900
Selling expenses	143	84	95
Fees and remuneration for services member
IfrsStatementLineItems [Line Items]
Transmission and distribution expenses	10,245	11,361	11,463
Selling expenses	5,740	6,048	6,381
Public relations and marketing member
IfrsStatementLineItems [Line Items]
Transmission and distribution expenses
Selling expenses	1,896	226	56
Advertising and sponsorship member
IfrsStatementLineItems [Line Items]
Transmission and distribution expenses
Selling expenses	977	117	29
Reimbursements to personnel member
IfrsStatementLineItems [Line Items]
Transmission and distribution expenses
Selling expenses
Depreciation of property plants and equipments member
IfrsStatementLineItems [Line Items]
Transmission and distribution expenses	14,310	13,945	15,038
Selling expenses	2,133	2,078	2,236
Depreciation of right of use asset member
IfrsStatementLineItems [Line Items]
Transmission and distribution expenses	103	89	94
Selling expenses	207	178	189
Directors and supervisory committee members fees member
IfrsStatementLineItems [Line Items]
Transmission and distribution expenses
Selling expenses
E n r e penalties member
IfrsStatementLineItems [Line Items]
Transmission and distribution expenses	2,065	2,351	972
Selling expenses	2,803	1,631	1,071
Taxes and charges member
IfrsStatementLineItems [Line Items]
Transmission and distribution expenses
Selling expenses	3,228	3,411	4,272
Other expenses by nature member
IfrsStatementLineItems [Line Items]
Transmission and distribution expenses	2	1
Selling expenses		$ 1

Expenses by nature (Details Nar

Expenses by nature (Details Narrative) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Expenses By Nature
Expenses capitalized in property, plant and equipment	$ 4,484.9	$ 4,481	$ 5,425.6

Other operating income (expen_3

Other operating income (expense) (Details) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Other operating income	$ 10,408	$ 9,431	$ 7,081
Other operating expense	(7,620)	(9,519)	(6,621)
Income from customer surcharges [Member]
IfrsStatementLineItems [Line Items]
Other operating income	3,031	3,771	4,556
Commissions on municipal taxes collection member
IfrsStatementLineItems [Line Items]
Other operating income	673	700	658
Fines to suppliers member
IfrsStatementLineItems [Line Items]
Other operating income	118	229
Services provided third parties member
IfrsStatementLineItems [Line Items]
Other operating income	616	482	707
Related parties [member]
IfrsStatementLineItems [Line Items]
Other operating income			127
Recovery Of Provision For Contingences [Member]
IfrsStatementLineItems [Line Items]
Other operating income			610
Income from nonreimbursable customer contributions member
IfrsStatementLineItems [Line Items]
Other operating income	62	91	78
Expense recovery member
IfrsStatementLineItems [Line Items]
Other operating income	50	61	208
Construction plan framework agreement member
IfrsStatementLineItems [Line Items]
Other operating income	3,013	4,012
Recovery Of Allowance For The Impairment Of Trade Receivables [Member]
IfrsStatementLineItems [Line Items]
Other operating income	2,650
Others member
IfrsStatementLineItems [Line Items]
Other operating income	195	85	137
Other operating expense	(45)	(402)	(273)
Gratification for services member
IfrsStatementLineItems [Line Items]
Other operating expense	(227)	(1,682)	(150)
Cost for services provided to third parties member
IfrsStatementLineItems [Line Items]
Other operating expense	(546)	(218)	(282)
Severance paid member
IfrsStatementLineItems [Line Items]
Other operating expense	(102)	(71)	(72)
Debit and credit tax member
IfrsStatementLineItems [Line Items]
Other operating expense	(1,947)	(2,081)	(2,406)
Provision for contingencies member
IfrsStatementLineItems [Line Items]
Other operating expense	(4,405)	(4,580)	(2,616)
Disposals of property plant and equipment member
IfrsStatementLineItems [Line Items]
Other operating expense	(348)	(485)	(442)
Refund of fines to suppliers member
IfrsStatementLineItems [Line Items]
Other operating expense			$ (380)

Net finance costs (Details)

Net finance costs (Details) - ARS ($) $ in Millions		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Total financial income		$ 65	$ 127	$ 162
Total finance costs		(87,773)	(52,517)	(27,263)
Total other finance costs		(1,430)	3,391	(5,555)
Total net finance costs		(89,138)	(48,999)	(32,656)
Financial interest [Member]
IfrsStatementLineItems [Line Items]
Total financial income		65	127	74
Other interest member
IfrsStatementLineItems [Line Items]
Total financial income				88
Commercial interest member
IfrsStatementLineItems [Line Items]
Total finance costs		(74,586)	(43,305)	(17,592)
Interest and other expenses member
IfrsStatementLineItems [Line Items]
Total finance costs		(13,034)	(9,132)	(9,317)
Fiscal interest member
IfrsStatementLineItems [Line Items]
Total finance costs		(8)	(9)	(321)
Bank fees and expenses member
IfrsStatementLineItems [Line Items]
Total finance costs		(145)	(71)	(33)
Changes fair value financial assets member
IfrsStatementLineItems [Line Items]
Total other finance costs		2,825	7,728	2,907
Loss On Debt Restructuring [Member]
IfrsStatementLineItems [Line Items]
Total other finance costs		(449)
Net gain repurchase notes member
IfrsStatementLineItems [Line Items]
Total other finance costs		(363)	6	1,219
Exchange differences member
IfrsStatementLineItems [Line Items]
Total other finance costs		1,478	(3,120)	(8,684)
Adjustment present value receivables member
IfrsStatementLineItems [Line Items]
Total other finance costs		(338)	(292)	(380)
Recovery of provision for credit r d s a member
IfrsStatementLineItems [Line Items]
Total other finance costs			1,130
Other financial expense member
IfrsStatementLineItems [Line Items]
Total other finance costs	[1]	$ (4,583)	$ (2,061)	$ (617)
[1]As of December 31, 2022 and 2021, includes $ 4,252 and $ 1,775 relating to EDELCOS S.A.’s technical assistance, respectively (Note 35).

Basic and diluted loss per sh_3

Basic and diluted loss per share (Details) - ARS ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Basic And Diluted Loss Per Share
Profit (loss)	$ (17,468)	$ (41,577)	$ (52,017)
Weighted average number of common shares outstanding	875	875	875
Basic and diluted loss per share – in pesos	$ (19.96)	$ (47.52)	$ (59.45)

Property, plant and equipment_2

Property, plant and equipment (Details) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Cost	$ 607,192	$ 574,227	$ 543,628
Accumlated depreciation	(211,252)	(193,646)	(176,487)
Property, plant, and equipment, beginning	380,581	367,141
Additions	33,900	31,653
Disposals	(348)	(485)
Transfers
Depreciation for the period	(18,193)	(17,728)
Property, plant, and equipment, ending	395,940	380,581
Direct own costs	4,484.9	4,481
Impairment
Land and buildings [member]
IfrsStatementLineItems [Line Items]
Cost	11,104	11,060	10,710
Accumlated depreciation	(2,526)	(2,355)	(2,102)
Property, plant, and equipment, beginning	8,705	8,608
Additions	80	97
Disposals		(12)
Transfers	28	263
Depreciation for the period	(235)	(251)
Property, plant, and equipment, ending	8,578	8,705
Impairment
Substations member
IfrsStatementLineItems [Line Items]
Cost	103,931	99,296	92,493
Accumlated depreciation	(37,862)	(34,319)	(30,953)
Property, plant, and equipment, beginning	64,977	61,540
Additions	84	615
Disposals
Transfers	4,552	6,194
Depreciation for the period	(3,544)	(3,372)
Property, plant, and equipment, ending	66,069	64,977
Impairment
Voltage lines member
IfrsStatementLineItems [Line Items]
Cost	258,108	247,276	235,649
Accumlated depreciation	(106,714)	(98,972)	(91,107)
Property, plant, and equipment, beginning	148,304	144,542
Additions	777	450
Disposals	(215)	(62)
Transfers	10,722	11,550
Depreciation for the period	(8,194)	(8,176)
Property, plant, and equipment, ending	151,394	148,304
Impairment
Meters chambers platforms member
IfrsStatementLineItems [Line Items]
Cost	113,563	107,449	102,979
Accumlated depreciation	(48,214)	(44,178)	(40,260)
Property, plant, and equipment, beginning	63,271	62,719
Additions	1,009	878
Disposals	(133)	(409)
Transfers	5,309	4,217
Depreciation for the period	(4,107)	(4,134)
Property, plant, and equipment, ending	65,349	63,271
Impairment
Other property, plant and equipment [member]
IfrsStatementLineItems [Line Items]
Cost	29,456	23,242	18,429
Accumlated depreciation	(15,936)	(13,822)	(12,065)
Property, plant, and equipment, beginning	9,420	6,364
Additions	2,029	2,903
Disposals		(2)
Transfers	4,184	1,950
Depreciation for the period	(2,113)	(1,795)
Property, plant, and equipment, ending	13,520	9,420
Impairment
Construction in process member
IfrsStatementLineItems [Line Items]
Cost	89,826	84,965	82,423
Accumlated depreciation
Property, plant, and equipment, beginning	84,965	82,423
Additions	29,921	23,915
Disposals
Transfers	(25,060)	(21,373)
Depreciation for the period
Property, plant, and equipment, ending	89,826	84,965
Impairment
Suppliers and spare parts member
IfrsStatementLineItems [Line Items]
Cost	1,204	939	945
Accumlated depreciation
Property, plant, and equipment, beginning	939	945
Additions		2,795
Disposals
Transfers	265	(2,801)
Depreciation for the period
Property, plant, and equipment, ending	$ 1,204	939
Impairment

Right-of-use assets (Details)

Right-of-use assets (Details) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Right-of-use Assets
Balance at beginning of year	$ 828	$ 670
Additions	912	1,050
Depreciation for the year	(1,033)	(892)
Balance at end of the year	$ 707	$ 828

Right-of-use assets (Details Na

Right-of-use assets (Details Narrative)	12 Months Ended
	Dec. 31, 2022
Minimum [Member]
IfrsStatementLineItems [Line Items]
Lease terms	2 years
Maximum [Member]
IfrsStatementLineItems [Line Items]
Lease terms	3 years

Inventories (Details)

Inventories (Details) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Inventories Abstract
Supplies and spare-parts	$ 6,438	$ 6,701
Advance to suppliers		1
Total inventories	$ 6,438	$ 6,702

Financial instruments (Details)

Financial instruments (Details) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Financial assets at amortized cost	$ 3,980	$ 2,152
Financial assets at fair value through profit or loss	10,796	8,686
Financial assets at amortised cost one	33,576	39,747
Financial assets at fair value through profit or loss Total	33,619	32,724
Non-current financial assets	9,830	2,659
Total	77,025	75,130
Financial liabilities at amortized cost	219,260	195,827
Total	219,260	195,827
Trade payables member
IfrsStatementLineItems [Line Items]
Total	180,729	149,678
Financial liabilities at amortized cost	180,729	149,678
Other payables member
IfrsStatementLineItems [Line Items]
Total	23,810	26,160
Financial liabilities at amortized cost	23,810	26,160
Borrowing member
IfrsStatementLineItems [Line Items]
Total	14,721	19,989
Financial liabilities at amortized cost	14,721	19,989
Trade receivables [member]
IfrsStatementLineItems [Line Items]
Financial assets at amortized cost	27,991	34,212
Financial assets at fair value through profit or loss
Non-financial assets
Total	27,991	34,212
Other receivables member
IfrsStatementLineItems [Line Items]
Financial assets at amortized cost	4,718	1,509
Financial assets at fair value through profit or loss	4,155
Non-financial assets	9,830	2,659
Total	18,703	4,168
Cash and cash equivalent member | Cash and banks member
IfrsStatementLineItems [Line Items]
Financial assets at amortized cost	867	2,957
Financial assets at fair value through profit or loss
Non-financial assets
Total	867	2,957
Cash and cash equivalent member | Mutual funds member
IfrsStatementLineItems [Line Items]
Financial assets at amortized cost
Financial assets at fair value through profit or loss	763	2,627
Non-financial assets
Total	763	2,627
Cash and cash equivalent member | Time deposits member
IfrsStatementLineItems [Line Items]
Financial assets at amortized cost		595
Financial assets at fair value through profit or loss
Non-financial assets
Total		595
Financial assets at fair value through profit or loss member | Mutual funds member
IfrsStatementLineItems [Line Items]
Financial assets at amortized cost
Financial assets at fair value through profit or loss	14,985	12,816
Non-financial assets
Total	14,985	12,816
Financial assets at fair value through profit or loss member | Negotiable Instruments [Member]
IfrsStatementLineItems [Line Items]
Financial assets at amortized cost
Financial assets at fair value through profit or loss	13,716	17,281
Non-financial assets
Total	$ 13,716	17,281
Financial assets at amortized cost member | Negotiable Instruments [Member]
IfrsStatementLineItems [Line Items]
Financial assets at amortized cost		474
Financial assets at fair value through profit or loss
Non-financial assets
Total		$ 474

Financial instruments (Details

Financial instruments (Details 1) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Financial assets at amortized cost	$ 3,980	$ 2,152
Financial assets at fair value through profit or loss	10,796	8,686
Total	14,776	10,838
Financial assets at amortized cost	(3,980)	(2,152)
Financial assets at amortised cost two	(103,423)	(59,465)
Interest incomes member
IfrsStatementLineItems [Line Items]
Financial assets at amortized cost	65	127
Financial assets at fair value through profit or loss
Total	65	127
Financial assets at amortized cost	(65)	(127)
Exchange differences member
IfrsStatementLineItems [Line Items]
Financial assets at amortized cost	3,915	889
Financial assets at fair value through profit or loss	7,971	958
Total	11,886	1,847
Financial assets at amortized cost	(3,915)	(889)
Changes in fair value of financial assets member
IfrsStatementLineItems [Line Items]
Financial assets at amortized cost
Financial assets at fair value through profit or loss	2,825	7,728
Total	2,825	7,728
Financial assets at amortized cost
Corporate notes member
IfrsStatementLineItems [Line Items]
Financial assets at amortized cost	363	6
Financial assets at fair value through profit or loss
Total	(363)	6
Financial assets at amortized cost	(363)	(6)
Other note member
IfrsStatementLineItems [Line Items]
Financial assets at amortized cost		1,130
Financial assets at fair value through profit or loss
Total		1,130
Financial assets at amortized cost		(1,130)
Interest incomes one member
IfrsStatementLineItems [Line Items]
Financial assets at amortized cost	87,620	52,437
Total	(87,620)	(52,437)
Financial assets at amortized cost	(87,620)	(52,437)
Exchange differences one member
IfrsStatementLineItems [Line Items]
Financial assets at amortized cost	10,408	4,967
Total	(10,408)	(4,967)
Financial assets at amortized cost	(10,408)	(4,967)
Loss On Debt Restructuring [Member]
IfrsStatementLineItems [Line Items]
Financial assets at amortized cost	449
Total	(449)
Financial assets at amortized cost	(449)
Other financial results one member
IfrsStatementLineItems [Line Items]
Financial assets at amortized cost	4,583	2,061
Total	(4,583)	(2,061)
Financial assets at amortized cost	$ (4,583)	$ (2,061)

Financial instruments (Detail_2

Financial instruments (Details 2) - ARS ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Trade receivables		$ 27,991	$ 34,212
Group1 member
IfrsStatementLineItems [Line Items]
Trade receivables	[1]	19,398	24,988
Group2 member
IfrsStatementLineItems [Line Items]
Trade receivables	[2]	2,230	3,234
Group3 member
IfrsStatementLineItems [Line Items]
Trade receivables	[3]	$ 6,363	$ 5,990
[1]Relates to customers with debt to become due.[2]Relates to customers with past due debt from 0 to 3 months.[3]Relates to customers with past due debt from 3 to 12 months.

Other receivables (Details)

Other receivables (Details) - ARS ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Total non current		$ 3	$ 14
Current other receivables		18,700	4,154
Current other receivables		(18,700)	(4,154)
Frame work agreement		1,517	573	$ 1,253
Financial credit member
IfrsStatementLineItems [Line Items]
Total non current			9
Current other receivables		14	27
Current other receivables		(14)	(27)
Related parties [member]
IfrsStatementLineItems [Line Items]
Total non current		3	5
Current other receivables			1
Current other receivables			(1)
Framework Agreement [Member]
IfrsStatementLineItems [Line Items]
Current other receivables	[1]	2,770	573
Current other receivables	[1]	(2,770)	(573)
Assigned Assets And In Custody [Member]
IfrsStatementLineItems [Line Items]
Current other receivables	[2]	4,675
Current other receivables	[2]	(4,675)
Credit for real estate asset member
IfrsStatementLineItems [Line Items]
Current other receivables			60
Current other receivables			(60)
Judicial deposits member
IfrsStatementLineItems [Line Items]
Current other receivables		208	166
Current other receivables		(208)	(166)
Security deposits member
IfrsStatementLineItems [Line Items]
Current other receivables		99	125
Current other receivables		(99)	(125)
Prepaid expenses member
IfrsStatementLineItems [Line Items]
Current other receivables		380	404
Current other receivables		(380)	(404)
Advances to personnel member
IfrsStatementLineItems [Line Items]
Current other receivables		1	47
Current other receivables		(1)	(47)
Advances to suppliers member
IfrsStatementLineItems [Line Items]
Current other receivables		308	17
Current other receivables		(308)	(17)
Tax credits member
IfrsStatementLineItems [Line Items]
Current other receivables		9,830	2,659
Current other receivables		(9,830)	(2,659)
Debtors for complementary activities member
IfrsStatementLineItems [Line Items]
Current other receivables		406	123
Current other receivables		(406)	(123)
Other1 member
IfrsStatementLineItems [Line Items]
Current other receivables		53	9
Current other receivables		(53)	(9)
Allowance for impairment of other receivables member
IfrsStatementLineItems [Line Items]
Current other receivables		44	57
Current other receivables		$ (44)	$ (57)
[1]As of December 31, 2022 and 2021, $ 1,517 573 1,253

Other receivables (Details 1)

Other receivables (Details 1) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Other Receivables
Balance at beginning of year	$ 57	$ 6,475
Increase	24	6
Decrease		(3,450)
Result from exposure to inflation	(30)	(1,844)
Recovery	(7)	(1,130)
Balance at end of the year	$ 44	$ 57

Other receivables (Details 2)

Other receivables (Details 2) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Other receivables	$ 18,703	$ 4,168
Unexpired member
IfrsStatementLineItems [Line Items]
Other receivables	308	294
Past due member
IfrsStatementLineItems [Line Items]
Other receivables	2,240	664
Up to3 months member
IfrsStatementLineItems [Line Items]
Other receivables	3,655	1,188
From3 to6 months member
IfrsStatementLineItems [Line Items]
Other receivables	4,019	692
From6 to9 months member
IfrsStatementLineItems [Line Items]
Other receivables	2,178	658
From9 to12 months member
IfrsStatementLineItems [Line Items]
Other receivables	6,300	658
More than12 months member
IfrsStatementLineItems [Line Items]
Other receivables	$ 3	$ 14

Trade receivables (Details)

Trade receivables (Details) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Current trade receivables	$ 27,991	$ 34,212
Billed sales of electricity member
IfrsStatementLineItems [Line Items]
Current trade receivables	16,012	29,292
Receivables in litigation member
IfrsStatementLineItems [Line Items]
Current trade receivables	287	493
Allowance for impairment of trade receivables member
IfrsStatementLineItems [Line Items]
Current trade receivables	(4,634)	(11,700)
Subtotal member
IfrsStatementLineItems [Line Items]
Current trade receivables	11,665	18,085
Unbilled sales of electricity member
IfrsStatementLineItems [Line Items]
Current trade receivables	15,333	15,377
P b a and c a b a government credit member
IfrsStatementLineItems [Line Items]
Current trade receivables	991	746
Fee payable member
IfrsStatementLineItems [Line Items]
Current trade receivables	$ 2	$ 4

Trade receivables (Details 1)

Trade receivables (Details 1) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Trade Receivables
Balance at beginning of the year	$ 11,700	$ 13,534
Increase	2,182	3,816
Decrease	(314)	(411)
Recovery - Agreement on the Regularization of Obligations	(2,650)
Result from exposure to inflation	(6,284)	(5,239)
Balance at end of the year	$ 4,634	$ 11,700

Trade receivables (Details 2)

Trade receivables (Details 2) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Trade receivables	$ 27,991	$ 34,212
Past due member
IfrsStatementLineItems [Line Items]
Trade receivables	8,593	9,223
Up to3 months member
IfrsStatementLineItems [Line Items]
Trade receivables	$ 19,398	$ 24,989

Trade receivables (Details 3)

Trade receivables (Details 3) $ in Millions	Dec. 31, 2022 ARS ($)
Five percent increase in uncollectiibility rate estimate member
IfrsStatementLineItems [Line Items]
Allowance	$ 4,866
Variation	232
Five percent decrease in uncollectiibility rate estimate member
IfrsStatementLineItems [Line Items]
Allowance	4,401
Variation	$ (233)

Financial assets at amortized_3

Financial assets at amortized cost (Details) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Negotiable Instruments [Member]
IfrsStatementLineItems [Line Items]
Total Current		$ 474

Financial assets at fair valu_3

Financial assets at fair value through profit or loss (Details) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Total Current	$ 28,701	$ 30,097
Negotiable Instruments [Member]
IfrsStatementLineItems [Line Items]
Total Current	13,716	17,281
Money Market Fund [Member]
IfrsStatementLineItems [Line Items]
Total Current	$ 14,985	$ 12,816

Cash and cash equivalents (Deta

Cash and cash equivalents (Details) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Cash and cash equivalents [abstract]
Cash and banks	$ 867	$ 2,957
Time deposits		595
Mutual funds	763	2,627
Total cash and cash equivalents	$ 1,630	$ 6,179

Share capital and additional _3

Share capital and additional paid-in capital (Details) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Share capital and additional paid-in capital balance	$ 113,449	$ 113,437
Payment of other reserve constitution share-bases compensation plan	9	12
Share capital and additional paid-in capital balance	113,458	113,449
Issued capital [member]
IfrsStatementLineItems [Line Items]
Share capital and additional paid-in capital balance	111,957	111,957
Payment of other reserve constitution share-bases compensation plan
Share capital and additional paid-in capital balance	111,957	111,957
Additional paid-in capital [member]
IfrsStatementLineItems [Line Items]
Share capital and additional paid-in capital balance	1,492	1,480
Payment of other reserve constitution share-bases compensation plan	9	12
Share capital and additional paid-in capital balance	$ 1,501	$ 1,492

Share capital and additional _4

Share capital and additional paid-in capital (Details Narrative)	12 Months Ended
	Dec. 31, 2022 shares
Issued capital [member]
IfrsStatementLineItems [Line Items]
Number of shares issued	906,455,100
Class A Issued Capital [Member]
IfrsStatementLineItems [Line Items]
Number of shares issued	462,292,111
Description of par value rights	par value of one peso each and the right to one vote per share
Class B Issued Capital [Member]
IfrsStatementLineItems [Line Items]
Number of shares issued	442,210,385
Description of par value rights	par value of one peso each and the right to one vote per share
Class C Issued Capital [Member]
IfrsStatementLineItems [Line Items]
Number of shares issued	1,952,604
Description of par value rights	par value of one peso each and the right to one vote per share

The Company_s Share-based Com_2

The Company’s Share-based Compensation Plan (Details Narrative) - ARS ($) $ in Millions		12 Months Ended
	Apr. 22, 2022	Dec. 31, 2022
Companys Share-based Compensation Plan
Number of treasury share	140,129
Salaries and social security taxes		$ 14

Trade payables (Details)

Trade payables (Details) - ARS ($) $ in Millions		12 Months Ended	24 Months Ended
		Dec. 31, 2022	Aug. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Total non current		$ 920		$ 1,287
Total Current		179,809		148,391
Payment obligations		24,174	$ 57,159
Customer guarantees member
IfrsStatementLineItems [Line Items]
Total non current		604		716
Customer contributions member
IfrsStatementLineItems [Line Items]
Total non current		316		571
Total Current		34		63
Payables for purchase of electricity member
IfrsStatementLineItems [Line Items]
Total Current	[1]	142,687		112,239
Provision for unbilled electricity purchases member
IfrsStatementLineItems [Line Items]
Total Current		23,386		18,466
Suppliers member
IfrsStatementLineItems [Line Items]
Total Current		12,915		16,639
Related parties [member]
IfrsStatementLineItems [Line Items]
Total Current		205
Advance to customer member
IfrsStatementLineItems [Line Items]
Total Current		581		912
Discounts to customers member
IfrsStatementLineItems [Line Items]
Total Current		$ 1		$ 72
[1]As of December 31, 2022 are disclosed net of the credits recognized by the SE under the Memorandum of Agreement on the Regularization of Payment Obligations for $ 24,174

Trade payables (Details Narrati

Trade payables (Details Narrative) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Trade Payables
Non-current customer contributions	$ 38.9	$ 90.4

Other payables (Details)

Other payables (Details) - ARS ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Noncurrent		$ 17,487	$ 18,414
Current		6,323	7,746
E n r e penalties and discounts member
IfrsStatementLineItems [Line Items]
Noncurrent		17,448	18,260
Current		5,584	6,923
Finance lease liability member
IfrsStatementLineItems [Line Items]
Noncurrent	[1]	39	154
Current	[1]	458	522
Related parties other payables member
IfrsStatementLineItems [Line Items]
Current		266	269
Advances for works to be performed member
IfrsStatementLineItems [Line Items]
Current		13	25
Other1 member
IfrsStatementLineItems [Line Items]
Current		$ 2	$ 7
[1]The development of the finance lease liability is as follows:

Other payables (Details 1)

Other payables (Details 1) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Other Payables
Balance at beginning of year	$ 676	$ 602
Increase	582	879
Payments	(1,171)	(1,025)
Exchange difference	485	173
Interest	254	249
Result from exposure to inlfation	(329)	(202)
Balance at end of the year	$ 497	$ 676

Other payables (Details 2)

Other payables (Details 2) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Total future minimum lease payments	$ 683	$ 978
Twenty Twenty Two [Member]
IfrsStatementLineItems [Line Items]
Total future minimum lease payments		740
Twenty twenty three member
IfrsStatementLineItems [Line Items]
Total future minimum lease payments	600	226
Twenty twenty four member
IfrsStatementLineItems [Line Items]
Total future minimum lease payments	68	12
Twenty Twenty Five [Member]
IfrsStatementLineItems [Line Items]
Total future minimum lease payments	$ 15

Other payables (Details 3)

Other payables (Details 3) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Total future minimum lease collections	$ 1,060	$ 2,784
Twenty Twenty Two [Member]
IfrsStatementLineItems [Line Items]
Total future minimum lease collections		1,416
Twenty twenty three member
IfrsStatementLineItems [Line Items]
Total future minimum lease collections	975	1,364
Twenty twenty four member
IfrsStatementLineItems [Line Items]
Total future minimum lease collections	30	4
Twenty Twenty Five [Member]
IfrsStatementLineItems [Line Items]
Total future minimum lease collections	30
Twenty Twenty Six [Member]
IfrsStatementLineItems [Line Items]
Total future minimum lease collections	$ 25

Deferred revenue (Details)

Deferred revenue (Details) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Non-current	$ 3,677	$ 3,287
Current	44	86
Nonrefundable customer contributions [Member]
IfrsStatementLineItems [Line Items]
Non-current	1,875	3,287
Current	44	86
Investment Plan [Member]
IfrsStatementLineItems [Line Items]
Non-current	$ 1,802

Borrowings (Details)

Borrowings (Details) - ARS ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Non-current borrowings		$ 14,537
Current borrowings		184	19,989
Corporate notes member
IfrsStatementLineItems [Line Items]
Non-current borrowings	[1]	14,537
Current borrowings	[1]		19,609
Interest from corporate notes member
IfrsStatementLineItems [Line Items]
Current borrowings		$ 184	$ 380
[1]Net of debt issuance, repurchase and redemption expenses.

Borrowings (Details 1)

Borrowings (Details 1) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Borrowings	$ 14,721	$ 19,989	$ 24,702
U s dollar [Member]
IfrsStatementLineItems [Line Items]
Borrowings	$ 14,721	$ 19,989

Borrowings (Details 2)

Borrowings (Details 2) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Borrowings	$ 14,721	$ 19,989	$ 24,702
Less than one year member | Fixed interest rate [member]
IfrsStatementLineItems [Line Items]
Borrowings	184	19,989
From one to two years member | Fixed interest rate [member]
IfrsStatementLineItems [Line Items]
Borrowings	$ 14,537

Borrowings (Details 3)

Borrowings (Details 3) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Borrowings [abstract]
Borrowings	$ 19,989	$ 24,702
Proceeds from borrowings	4,420
Payment of borrowings' interests	(896)	(1,743)
Paid from repurchase of Corporate Notes	(472)	(33)
Gain from repurchase of Corporate Notes	363	(6)
Payment of borrowings	(6,078)		(2,204)
Loss on debt restructuring	449
Payment of Corporate Notes issuance expenses	(565)
Exchange diference and interest accrued	8,117	5,394
Result from exposure to inlfation	(10,606)	(8,325)
Borrowings	$ 14,721	$ 19,989	$ 24,702

Borrowings (Details 4)

Borrowings (Details 4) - Corporate Note [Member] - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
United States of America, Dollars
IfrsStatementLineItems [Line Items]
Deb structure, ending	$ 85,244,538	$ 98,057,000
Opening of the exchange offer		78,937,268
Reopening of the exchange offer		105,860,538
Argentina, Pesos
IfrsStatementLineItems [Line Items]
Deb structure, ending	14,721	19,989
Fixed Rate Par Note Maturity 2022 [Member] | United States of America, Dollars
IfrsStatementLineItems [Line Items]
Deb structure, ending	0	98,057,000
Opening of the exchange offer		26,231,000
Reopening of the exchange offer		20,616,000
Fixed Rate Par Note Maturity 2022 [Member] | Argentina, Pesos
IfrsStatementLineItems [Line Items]
Deb structure, ending	0	19,989
Fixed Rate Par Note Maturity 2024 [Member] | United States of America, Dollars
IfrsStatementLineItems [Line Items]
Deb structure, ending	30,000,000	0
Opening of the exchange offer		0
Reopening of the exchange offer		30,000,000
Fixed Rate Par Note Maturity 2024 [Member] | Argentina, Pesos
IfrsStatementLineItems [Line Items]
Deb structure, ending	5,141	0
Fixed Rate Par Note Maturity 2025 [Member] | United States of America, Dollars
IfrsStatementLineItems [Line Items]
Deb structure, ending	55,244,538	0
Opening of the exchange offer		52,706,268
Reopening of the exchange offer		55,244,538
Fixed Rate Par Note Maturity 2025 [Member] | Argentina, Pesos
IfrsStatementLineItems [Line Items]
Deb structure, ending	$ 9,580	$ 0

Borrowings (Details Narrative)

Borrowings (Details Narrative) - ARS ($) $ in Millions	1 Months Ended
	Oct. 25, 2022	Jul. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Fair values of noncurrent borrowings			$ 14,029.4	$ 17,497.3
Payment for interest	$ 20,616,000
Equivalent			$ 30,331	$ 36,276
United States of America, Dollars
IfrsStatementLineItems [Line Items]
Repurchased of notes		$ 1,586,000
Equivalent		$ 472

Salaries and social security _3

Salaries and social security taxes payable (Details) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Total non-current	$ 771	$ 776
Total current	9,339	8,796
Seniority based bonus [Member]
IfrsStatementLineItems [Line Items]
Total non-current	771	776
Salaries payable and provisions member
IfrsStatementLineItems [Line Items]
Total current	8,258	7,748
Social security payable member
IfrsStatementLineItems [Line Items]
Total current	1,052	1,002
Early retirements payable member
IfrsStatementLineItems [Line Items]
Total current	$ 29	$ 46

Salaries and social security _4

Salaries and social security taxes payable (Details 1) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Salaries And Social Security Taxes Payable
Salaries	$ 23,566	$ 21,934	$ 23,945
Social security taxes	9,165	8,530	9,312
Total salaries and social security taxes	$ 32,731	$ 30,464	$ 33,257

Salaries and social security _5

Salaries and social security taxes payable (Details Narrative) Employees in Millions, $ in Millions	Dec. 31, 2022 ARS ($) Employees	Dec. 31, 2021 ARS ($) Employees
Salaries And Social Security Taxes Payable
Current future payment obligations	$ 14.5	$ 46.4
Collective bargaining liabilities	$ 731.6	$ 787.9
Number of employees | Employees	4,658	4,668

Benefit plans (Details)

Benefit plans (Details) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Benefit Plans
Non-current	$ 1,861	$ 1,941
Current	234	254
Total Benefit plans	$ 2,095	$ 2,195	$ 2,449

Benefit plans (Details 1)

Benefit plans (Details 1) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Benefit Plans
Benefit payment obligations at beginning of year	$ 2,195	$ 2,449
Current service cost	374	129	$ 473
Interest cost	828	1,342	929
Actuarial losses	654	(390)	(319)
Result from exposure to inflation for the year	(1,689)	(1,197)
Benefits paid to participating employees	(267)	(138)
Benefit payment obligations at end of year	$ 2,095	$ 2,195	$ 2,449

Benefit plans (Details 2)

Benefit plans (Details 2) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Benefit Plans
Cost	$ 374	$ 129	$ 473
Interest	828	1,342	929
Actuarial results - Other comprehensive results	654	(390)	(319)
Benefit plan charge	$ 1,856	$ 1,081	$ 1,083

Benefit plans (Details 3)

Benefit plans (Details 3)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Benefit Plans
Discount rate	5%	5%	5%
Salary increase	1%	1%	1%
Inflation	48%	57%	50%

Benefit plans (Details 4)

Benefit plans (Details 4) $ in Millions	Dec. 31, 2022 ARS ($)
Benefit Plans
Obligation	$ 2,519
Variation	$ 215
Percent	9%
Obligation	$ 2,121
Variation	$ (183)
Percent	(8.00%)
Obligation	$ 2,113
Variation	$ (191)
Percent	(8.00%)
Obligation	$ 2,526
Variation	$ 222
Percent	10%

Benefit plans (Details 5)

Benefit plans (Details 5) $ in Millions	Dec. 31, 2022 ARS ($)
Later than one year [member]
IfrsStatementLineItems [Line Items]
Benefit payment obligations	$ 234
Later Than Two Year [Member]
IfrsStatementLineItems [Line Items]
Benefit payment obligations	44
Later Than Three Year [Member]
IfrsStatementLineItems [Line Items]
Benefit payment obligations	46
Later Than Four Year [Member]
IfrsStatementLineItems [Line Items]
Benefit payment obligations	43
Later Than Five Year [Member]
IfrsStatementLineItems [Line Items]
Benefit payment obligations	10
Not later than one year [member]
IfrsStatementLineItems [Line Items]
Benefit payment obligations	$ 39

Income tax and deferred tax (De

Income tax and deferred tax (Details) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax And Deferred Tax
Deferred tax	$ (15,017)	$ (12,356)	$ 8,150
Change in the income tax rate	0	(14,557)	2,501
Current tax	0	(3,978)	0
Difference between provision and tax return	183	436	(179)
Income tax expense	$ (14,834)	$ (30,455)	$ 10,472

Income tax and deferred tax (_2

Income tax and deferred tax (Details 1) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
IfrsStatementLineItems [Line Items]
Tax loss carryforward	$ 16,541	$ 0	$ 728
Trade receivables and other receivables	1,437	4,350	3,970
Trade payables and other payables	1,709	2,340	1,991
Salaries and social security taxes payable	782	1,037	750
Benefit plans	202	34	226
Tax liabilities	43	49	56
Provisions	2,265	3,148	2,404
Deferred tax asset	22,979	10,958	10,125
Property, plant and equipment	(114,719)	(99,315)	(68,732)
Financial assets at fair value through profit or loss	(1,755)	(745)	(877)
Borrowings	(198)	(2)	(6)
Tax inflation adjustment	(17,215)	(7,199)	(10,199)
Deferred tax liability	(133,887)	(107,261)	(79,814)
Net deferred tax liabilities	(110,908)	(96,303)	$ (69,689)
Result fromexposure to inflation [Member]
IfrsStatementLineItems [Line Items]
Tax loss carryforward	0	(245)
Trade receivables and other receivables	(2,117)	(1,338)
Trade payables and other payables	(1,139)	(672)
Salaries and social security taxes payable	(505)	(253)
Benefit plans	(17)	(76)
Tax liabilities	(24)	(19)
Provisions	(1,532)	(810)
Deferred tax asset	(5,334)	(3,413)
Property, plant and equipment	48,330	23,178
Financial assets at fair value through profit or loss	363	296
Borrowings	1	2
Tax inflation adjustment	3,503	3,440
Deferred tax liability	52,197	26,916
Net deferred tax liabilities	46,863	23,503
Charged to profit and loss member
IfrsStatementLineItems [Line Items]
Tax loss carryforward	16,541	(483)
Trade receivables and other receivables	(796)	1,718
Trade payables and other payables	508	1,021
Salaries and social security taxes payable	250	540
Benefit plans	(44)	21
Tax liabilities	18	12
Provisions	649	1,554
Deferred tax asset	17,126	4,383
Property, plant and equipment	(63,734)	(53,761)
Financial assets at fair value through profit or loss	(1,373)	(164)
Borrowings	(197)	2
Tax inflation adjustment	(13,519)	(440)
Deferred tax liability	(78,823)	(54,363)
Net deferred tax liabilities	(61,697)	(49,980)
Charged to other comprehensive income member
IfrsStatementLineItems [Line Items]
Tax loss carryforward	0	0
Trade receivables and other receivables	0	0
Trade payables and other payables	0	0
Salaries and social security taxes payable	0	0
Benefit plans	229	(137)
Tax liabilities	0
Provisions	0	0
Deferred tax asset	229	(137)
Property, plant and equipment	0
Financial assets at fair value through profit or loss	0
Borrowings	0	0
Tax inflation adjustment	0	0
Deferred tax liability	0	0
Net deferred tax liabilities	$ 229	$ (137)

Income tax and deferred tax (_3

Income tax and deferred tax (Details 2) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax And Deferred Tax
Profit for the year before taxes	$ (2,634)	$ (11,122)	$ (62,489)
Applicable tax rate	35%	35%	30%
Loss for the year at the tax rate	$ 922	$ 3,893	$ 18,747
Gain on net monetary position	6,013	(6,541)	(3,935)
Adjustment effect on tax inflation	(21,929)	(13,581)	(6,539)
Non-taxable income	(23)	(105)	(123)
Difference between provision and tax return	183	436	(179)
Change in the income tax rate	0	14,557	(2,501)
Change in the income tax rate	0	(14,557)	2,501
Income tax expense	$ (14,834)	$ (30,455)	$ 10,472

Income tax and deferred tax (_4

Income tax and deferred tax (Details 3) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Income Tax And Deferred Tax
Provision of income tax payable	$ 0	$ 3,977
Tax withholdings	0	(1,535)
Total current	$ 0	$ 2,442

Tax liabilities (Details)

Tax liabilities (Details) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Total Current	$ 1,317	$ 1,205
Provincial Municipal Federal Contribution Taxes Payable [Member]
IfrsStatementLineItems [Line Items]
Total Current	354	255
Tax Withholdings [Member]
IfrsStatementLineItems [Line Items]
Total Current	567	443
S U S S Withholdings [Member]
IfrsStatementLineItems [Line Items]
Total Current	58	53
Municipal Taxes Payble [Member]
IfrsStatementLineItems [Line Items]
Total Current	$ 338	$ 454

Provisions (Details)

Provisions (Details) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Provisions, beginning	$ 7,755
Noncurrent liabilities member
IfrsStatementLineItems [Line Items]
Provisions, beginning	7,755	$ 7,145
Increases	2,622	3,569
Result from exposure to inflation for the year	(4,824)	(2,959)
Provisions, ending	5,553	7,755
Current liabilities member
IfrsStatementLineItems [Line Items]
Provisions, beginning	1,046	1,052
Increases	1,783	1,011
Result from exposure to inflation for the year	(791)	(431)
Provisions, ending	1,501	1,046
Decreases	$ (537)	$ (586)

Related-party transactions (Det

Related-party transactions (Details) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reserve Quantities [Line Items]
Related-party income	$ 0	$ 0	$ 215
P e s a1 member
Reserve Quantities [Line Items]
Related-party income	0	0	10
S a c d e member
Reserve Quantities [Line Items]
Related-party income	$ 0	0	117
F i d u s s g r member
Reserve Quantities [Line Items]
Related-party income		$ 0	$ 88

Related-party transactions (D_2

Related-party transactions (Details 1) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reserve Quantities [Line Items]
Related-party expense	$ (4,520)	$ (2,392)	$ (1,041)
E d e l c o s member
Reserve Quantities [Line Items]
Related-party expense	(4,252)	(1,775)	0
P e s a member
Reserve Quantities [Line Items]
Related-party expense	0	0	(606)
S a c m e member
Reserve Quantities [Line Items]
Related-party expense	(236)	(617)	(300)
Andina p l c member
Reserve Quantities [Line Items]
Related-party expense	(27)	0	0
O s v a member
Reserve Quantities [Line Items]
Related-party expense	0	0	(80)
S b and w m abogados member
Reserve Quantities [Line Items]
Related-party expense	0	0	(39)
F i d u s member
Reserve Quantities [Line Items]
Related-party expense	0	0	(12)
Abelovich polano associates member
Reserve Quantities [Line Items]
Related-party expense	0	0	(4)
Estudio Cuneo Libarona Abogados [Member]
Reserve Quantities [Line Items]
Related-party expense	$ (5)	$ 0	$ 0

Related-party transactions (D_3

Related-party transactions (Details 2) - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Related party transactions [abstract]
Key management personnel's remuneration - salaries	$ 914	$ 2,957	$ 947

Related-party transactions (D_4

Related-party transactions (Details 3) - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Reserve Quantities [Line Items]
Trade payables	$ (920)	$ (1,287)
Trade payables	920	1,287
Other payables	(266)	(269)
S a c m e member
Reserve Quantities [Line Items]
Other receivables - noncurrent	3	5
Other receivables - current	0	1
Other payables	(38)	(37)
E d e l c o s s a member
Reserve Quantities [Line Items]
Trade payables	(205)	0
Trade payables	205	0
Andina p l c member
Reserve Quantities [Line Items]
Other payables	$ (228)	$ (232)

Related-party transactions (D_5

Related-party transactions (Details Narrative) $ in Millions	12 Months Ended
	Dec. 31, 2022 ARS ($)
S a c d e s a member
IfrsStatementLineItems [Line Items]
Operating cost	$ 236
E d e l c o s s a member
IfrsStatementLineItems [Line Items]
Payment for annual advisory services	$ 1,766
Related party agreement term	60 days

Shareholders_ Meetings (Details

Shareholders’ Meetings (Details Narrative)	Apr. 27, 2021
Shareholders Meetings
Description of ordinary and extraordinary shareholders meeting	allocate the $ 21,344 loss for the year ended December 31, 2021 (which at the purchasing power of the currency at December 31, 2022 amounts to $ 41,577) to the Unappropriated Retained Earnings account, inasmuch as accumulated losses are below the thresholds set forth in sections 94, sub-section 5, and 206 of Business Organizations Law No. 19,550;

Termination of agreement on r_2

Termination of agreement on real estate asset (Details Narrative) $ in Millions	Dec. 31, 2022 ARS ($)
Aseguradora de cauciones s a member
IfrsStatementLineItems [Line Items]
Receivable result	$ 1

Financial debt restructuring (D

Financial debt restructuring (Details) - Corporate Note [Member] - ARS ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
United States of America, Dollars
IfrsStatementLineItems [Line Items]
Deb structure, ending	$ 85,244,538	$ 98,057,000
Opening of the exchange offer		78,937,268
Reopening of the exchange offer		105,860,538
Argentina, Pesos
IfrsStatementLineItems [Line Items]
Deb structure, ending	14,721	19,989
Fixed Rate Par Note Maturity 2022 [Member] | United States of America, Dollars
IfrsStatementLineItems [Line Items]
Deb structure, ending	0	98,057,000
Opening of the exchange offer		26,231,000
Reopening of the exchange offer		20,616,000
Fixed Rate Par Note Maturity 2022 [Member] | Argentina, Pesos
IfrsStatementLineItems [Line Items]
Deb structure, ending	0	19,989
Fixed Rate Par Note Maturity 2024 [Member] | United States of America, Dollars
IfrsStatementLineItems [Line Items]
Deb structure, ending	30,000,000	0
Opening of the exchange offer		0
Reopening of the exchange offer		30,000,000
Fixed Rate Par Note Maturity 2024 [Member] | Argentina, Pesos
IfrsStatementLineItems [Line Items]
Deb structure, ending	5,141	0
Fixed Rate Par Note Maturity 2025 [Member] | United States of America, Dollars
IfrsStatementLineItems [Line Items]
Deb structure, ending	55,244,538	0
Opening of the exchange offer		52,706,268
Reopening of the exchange offer		55,244,538
Fixed Rate Par Note Maturity 2025 [Member] | Argentina, Pesos
IfrsStatementLineItems [Line Items]
Deb structure, ending	$ 9,580	$ 0

Financial debt restructuring _2

Financial debt restructuring (Details Narrative) $ in Millions, $ in Millions						1 Months Ended					12 Months Ended
	Sep. 14, 2022 ARS ($)	Aug. 05, 2022 USD ($)	May 09, 2022 USD ($)	Apr. 12, 2022 USD ($)	Apr. 06, 2022 USD ($)	Nov. 22, 2022	Oct. 25, 2022 USD ($)	Sep. 23, 2022 USD ($)	Sep. 22, 2022 USD ($)	Apr. 29, 2022 USD ($)	Dec. 31, 2022 ARS ($)	Dec. 31, 2022 USD ($)
IfrsStatementLineItems [Line Items]
Outstanding amount					$ 750,000,000
Nominal annual interest rate		9.75%		9.75%		9.75%	9.75%	9.75%			9.75%	9.75%
Nominal outstanding value	$ 4,420	$ 30,000,000		$ 98,057,000			$ 120,000,000	$ 24,645,000	$ 30,000,000
Principal amount			$ 1,050							$ 1,000
Cash Consideration										$ 1,000
Payment of accrued interest description											The offer to exchange the Class No. 9 Corporate Notes issued by the Company due October 25, 2022 for New Class No. 1 Corporate Notes resulted in 73.25% acceptance, equivalent to USD 71,826,000 (with the above-mentioned due date remaining in effect for 26.75%, i.e. USD 26,231,000); accordingly, a total of USD 52,706,268, relating to: i) Tender Orders submitted under Option A for USD 41,699,000 plus a recognized additional for USD 2,084,950, i.e. USD 43,783,950, and ii) Tender Orders submitted under Option B for USD 30,127,000 plus a recognized additional for USD 343,118, i.e. USD 30,470,118, after deducting the Pro-rata Cash Consideration of Option B received by each Eligible Holder of said option for USD 21,547,800 ($ 2,590), has been restructured.	The offer to exchange the Class No. 9 Corporate Notes issued by the Company due October 25, 2022 for New Class No. 1 Corporate Notes resulted in 73.25% acceptance, equivalent to USD 71,826,000 (with the above-mentioned due date remaining in effect for 26.75%, i.e. USD 26,231,000); accordingly, a total of USD 52,706,268, relating to: i) Tender Orders submitted under Option A for USD 41,699,000 plus a recognized additional for USD 2,084,950, i.e. USD 43,783,950, and ii) Tender Orders submitted under Option B for USD 30,127,000 plus a recognized additional for USD 343,118, i.e. USD 30,470,118, after deducting the Pro-rata Cash Consideration of Option B received by each Eligible Holder of said option for USD 21,547,800 ($ 2,590), has been restructured.
Reopening exchange offer description											The reopening of the offer to exchange the Class No. 9 Corporate Notes issued by the Company maturing on October 25, 2022 for New Class No. 1 Corporate Notes resulted in 16.35% acceptance, equivalent to USD 4,029,000 (with the above-mentioned due date remaining in effect for 83.65%, i.e. USD 20,616,000); accordingly, a total of USD 2,538,270, relating to Tender Orders submitted for USD 2,417,000 plus a recognized additional for USD 120,870, has been restructured. Furthermore, each Eligible Holder has received the Cash Consideration for USD 1,611,600 ($ 253).	The reopening of the offer to exchange the Class No. 9 Corporate Notes issued by the Company maturing on October 25, 2022 for New Class No. 1 Corporate Notes resulted in 16.35% acceptance, equivalent to USD 4,029,000 (with the above-mentioned due date remaining in effect for 83.65%, i.e. USD 20,616,000); accordingly, a total of USD 2,538,270, relating to Tender Orders submitted for USD 2,417,000 plus a recognized additional for USD 120,870, has been restructured. Furthermore, each Eligible Holder has received the Cash Consideration for USD 1,611,600 ($ 253).
Settlement amount							83,956
Interest payment							20,616,000				$ 3,235
Recognized amount											449	$ 2,548,938
Furthermore amount											$ 565
U S D [Member]
IfrsStatementLineItems [Line Items]
Nominal annual interest rate						9.75%
Nominal outstanding value							$ 24,645,000
Settlement amounted												$ 329,573

Change of control (Details Narr

Change of control (Details Narrative)	Dec. 28, 2021	Jun. 30, 2021	Jun. 23, 2021
Pampa energia s a one member
IfrsStatementLineItems [Line Items]
Proportion of ownership interest	100%
Pampa energia s a member
IfrsStatementLineItems [Line Items]
Proportion of ownership interest	51%	51%	51%