PROMIGAS Corporate Financial Results 4Q 2021
DISCLAIMER
Promigas, S.A., E.S.P. ("Promigas") is a securities issuer in Colombia, registered in the National Registry of Securities and Issuers. Considering the foregoing, it is subject to compliance
with the securities regulations applicable in Colombia, in addition, it has committed itself as an issuer with IR Recognition from the BVC, and has adopted high standards of corporate
governance, risk management and criteria to identify, manage and disclose conflicts of interest, also applicable to its related companies.
Promigas is governed mainly by Law 142 of 1994, which establishes the Residential Public Utilities Regime, CREG Resolution 071 of 1999, which establishes the Single Natural Gas
Transportation Regulation (RUT) in Colombia, the regulations that they are modified by the regulation of the sector, the concession contracts in force, its statutes and other provisions
contained in the Code of Commerce.
The separate financial statements have been prepared in accordance with the Accounting and Financial Information Standards accepted in Colombia (NCIF), established in Law 1314 of
2009, regulated by the Sole Regulatory Decree 2420 of 2015 modified by Decrees 2496 of 2015, 2131 of 2016, 2170 of 2017, 2483 of 2018, 2270 of 2019, 1432 of 2020 and 938 of
2021. The NCIF applicable in 2021 are based on the International Financial Reporting Standards (IFRS) together with their interpretations, issued by the Council of International
Accounting Standards (International Accounting Standards Board - IASB); the basic standards correspond to those officially translated into Spanish and issued by the IASB in the
second half of 2020. The company adopted the alternative that allowed Decree 1311 of October 20, 2021 to recognize accounting with a charge to accumulated results in equity and
only for the year 2021, the variation in the deferred income tax derived from the increase in the income tax rate, as established in the Social Investment Law 2155. These separate
financial statements were prepared to comply with the legal provisions to which the Company is subject to as an independent legal entity, do not include the necessary adjustments or
eliminations for the presentation of the consolidated financial situation and the consolidated comprehensive results of the Company and its subordinates. Therefore, the separate
financial statements must be read together with the consolidated financial statements of Promigas S.A. E.S.P. and its subordinates. For legal purposes in Colombia, the main financial
statements are the separate financial statements.
This report may include forward-looking statements. In some cases, you will be able to identify these forward-looking statements by words such as "may", "will", "should", "expects",
"plans", "anticipates", "believes", "estimates", "predicts", " potential" or "continue" or the opposite of these and other comparable words. Results may vary materially from those
included in this report as a result of changes in current circumstances in general, economic and business conditions, changes in interest rates and exchange rates and other risks
described from time to time in our filings in the National Registry of Securities and Issuers.
The recipients of this document are responsible for the evaluation and use of the information provided by this means. The matters described in this presentation and our knowledge of
them may change extensively and materially over time, however we expressly state that we will not be under any obligation to revise, update or correct the information provided in
this report, including any forward-looking statements, and that we do not intend to provide any updates for such material events prior to our next earnings release.
The content of this document and the figures included in this document are intended to provide a summary of the topics covered rather than a complete description.View entire presentation