Transportadora de Gas del Sur S.A.(US:TGS)2021-04-27 22:31Financial Assets and Liabilities - As of December 31, 2020, the company had total financial assets of Ps. 19,288,650 thousand, with fixed interest rate assets amounting to Ps. 16,108,712 thousand and variable interest rate assets of Ps. 3,179,938 thousand[1335]. - The company's total financial liabilities were Ps. 40,976,742 thousand, all of which were at fixed interest rates, indicating limited exposure to cash flow interest rate risk[1335][1332]. - As of December 31, 2020, the company's financial debt obligations denominated in foreign currency amounted to U.S.$521 million (Ps. 43,869 million), with a net liability position in U.S. dollars of U.S.$283 million[1345]. Foreign Exchange Risk - A hypothetical unfavorable 10% change in the peso/U.S. dollar exchange rate would have resulted in a potential financial expense loss of Ps. 2,534 million[1347]. - Approximately 87% of revenues from the Liquids Production and Commercialization segment were denominated in U.S. dollars for the years ended December 31, 2020, 2019, and 2018[1340]. - As of December 31, 2020, 96% of the company's fund placements were denominated in U.S. dollars to mitigate foreign exchange risk[1344]. - The company did not contract derivative financial instruments to hedge against foreign exchange risk during the years ended December 31, 2020, 2019, and 2018[1343]. Inflation and Purchasing Power - The company recorded a net gain from exposure to inflation in monetary items due to maintaining a liability monetary position during the years ended December 31, 2020, 2019, and 2018[1338]. - The company’s risk management policy aims to reduce the impact of loss of purchasing power and includes regular evaluations of alternative investments[1342]. Impact of Commodity Prices - The company estimated that a decrease of U.S.$50/ton in the international price of LPG and natural gasoline would have decreased its net comprehensive income by Ps. 2,019 million for the year ended December 31, 2020[1354].