PROMIGAS Corporate Financial Results 4Q 2021
FINANCIAL STATEMENTS
PROMIGAS BALANCE SHEET INDIVIDUAL
December 2021 vs December 2020
Other current assets (9%): show an increase mainly due to the dividends
decreed by the related companies in the March 2021 assemblies, which
had an increase of 2% with respect to those decreed in 2020, and higher
accounts receivable for the natural gas transportation service for the
highest turnover.
Financial assets (9%): this item includes the effect of updating the
macroeconomic variables necessary to calculate the financial asset,
which corresponds to the recognition of the potential account receivable
from the Colombian State by virtue of the purchase option that the State
has on the assets under concession.
Otros Assets (21%): increase generated by the capitalizations made in
Gases del Pacífico, Gases del Norte del Perú and Promigas Perú to
strengthen their equity in the development of our investment plan for the
massification of natural gas in Peru; The higher profits recorded by our
affiliated companies via the equity method and the higher TRM, which is
applied directly to the value of investments abroad (denominated in USD),
also have a favorable effect.
47%
Assets $9.3 Bn
11% (YTD)
Figures in COP
4%
1%
21%
Other LT assets
Financial assets
27%
Assets under concession
Current Assets
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