GAS TRANSPORTER OF THE SOUTH INC Files 20-F Annual Report

TL;DR

<b>GAS TRANSPORTER OF THE SOUTH INC filed its 20-F annual report for the fiscal year ending December 31, 2023.</b>

AI Summary

GAS TRANSPORTER OF THE SOUTH INC (TGS) filed a Foreign Annual Report (20-F) with the SEC on April 24, 2024. Filed 2024-04-24, the 20-F report covers the fiscal year ending 2023-12-31. The company is registered under SIC code 4922 for Natural Gas Transmission. Key financial data points for 2023, 2022, and 2021 are available, including equity components. The filing includes details on Ordinary Shares Class A and Class B. Pistrelli Henry Martin y Asociados SRL is listed as an auditor or related entity.

Why It Matters

For investors and stakeholders tracking GAS TRANSPORTER OF THE SOUTH INC, this filing contains several important signals. This 20-F filing provides a comprehensive overview of the company's financial performance and operations for the fiscal year 2023, crucial for investors assessing its standing. The report details various equity components and share classes, offering insights into the company's capital structure and ownership.

Risk Assessment

Risk Level: low — GAS TRANSPORTER OF THE SOUTH INC shows low risk based on this filing. The filing is a standard annual report (20-F) and does not contain immediate red flags or urgent disclosures.

Analyst Insight

Review the detailed financial statements and equity breakdowns within the 20-F filing to understand the company's financial health and capital structure for FY2023.

Key Numbers

• 2023-12-31 — Fiscal Year End (Period covered by the 20-F filing)
• 2024-04-24 — Filing Date (Date the 20-F report was submitted)
• 001-13396 — SEC File Number (Company's SEC filing identifier)
• 0000931427 — Central Index Key (CIK) (Company's unique identifier with the SEC)

Key Players & Entities

• GAS TRANSPORTER OF THE SOUTH INC (company) — Filer of the 20-F report
• 2024-04-24 (date) — Filing date of the 20-F report
• 2023-12-31 (date) — Fiscal year end covered by the report
• 4922 (industry_code) — Standard Industrial Classification for Natural Gas Transmission
• Pistrelli Henry Martin y Asociados SRL (company) — Mentioned in relation to financial periods

FAQ

Industry Context

The company operates in the Natural Gas Transmission industry, a critical sector for energy infrastructure.

Regulatory Implications

As a foreign private issuer, the company is subject to SEC regulations, including the filing of Form 20-F.

What Investors Should Do

1. Analyze the detailed financial statements within the 20-F for FY2023.
2. Examine the breakdown of equity components and share classes.
3. Note any disclosures regarding operations or risks specific to the natural gas transmission sector.

Key Dates

• 2023-12-31: Fiscal Year End — Covers the financial performance for the entire year.
• 2024-04-24: Filing Date — Official submission date of the 20-F report.

Glossary

20-F

An annual report required for foreign private issuers with the U.S. Securities and Exchange Commission. (Provides comprehensive financial and operational information for investors.)

Year-Over-Year Comparison

This is the initial analysis of the 2024-04-24 filing for the fiscal year ending 2023-12-31. Comparative data from previous filings would be needed for a direct 'vs last filing' analysis.

Filing Documents

• ef20015365_20f.htm (20-F) — 9060KB
• ef20015365_ex2-6.htm (EX-2.6) — 75KB
• ef20015365_ex8-1.htm (EX-8.1) — 4KB
• ef20015365_ex9-1.htm (EX-9.1) — 22KB
• ef20015365_ex12-1.htm (EX-12.1) — 13KB
• ef20015365_ex12-2.htm (EX-12.2) — 13KB
• ef20015365_ex13-1.htm (EX-13.1) — 4KB
• ef20015365_ex13-2.htm (EX-13.2) — 4KB
• image0.jpg (GRAPHIC) — 261KB
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• image00029.jpg (GRAPHIC) — 22KB
• 0001140361-24-021683.txt (&nbsp;) — 37248KB
• tgs-20231231.xsd (EX-101.SCH) — 192KB
• tgs-20231231_cal.xml (EX-101.CAL) — 130KB
• tgs-20231231_def.xml (EX-101.DEF) — 671KB
• tgs-20231231_lab.xml (EX-101.LAB) — 1776KB
• tgs-20231231_pre.xml (EX-101.PRE) — 991KB
• ef20015365_20f_htm.xml (XML) — 9732KB

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 201 Item 12.

Description of Securities Other than Equity Securities

Description of Securities Other than Equity Securities 201 PART II 203 Item 13. Defaults, Dividend Arrearages and Delinquencies 203 Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 203 Item 15.

Controls and Procedures

Controls and Procedures. 203 Item 16. [Reserved] 204 Item 16A. Audit Committee Financial Expert 204 Item 16B. Code of Ethics 204 Item 16C. Principal Accountant Fees and Services 204 Item 16D. Exemptions from the Listing Standards for Audit Committees 205 Item 16E. Purchases of Registered Equity Securities of the Issuer by the Issuer and Affiliated Purchasers 205 Item 16F. Change in Registrant's Certifying Accountant 205 Item 16G. Corporate Governance 205 Item 16H. Mine Safety Disclosure 207 Item 16I. Disclosure Regarding Foreign Jurisdictions that Prevent Inspection 207 Item 16J. Insider Trading Policies 207 Item 16K. Cybersecurity 207 PART III 208 Item 17.

Financial Statements

Financial Statements 208 Item 18.

Financial Statements

Financial Statements 209 Item 19. Exhibits 209 Table of Contents PRESENTATION OF FINANCIAL AND OTHER INFORMATION Certain Defined Terms In this annual report on Form 20-F ( "Annual Report" ), unless otherwise indicated or the context requires otherwise: (i) references to " we ," " us ," " our " and the " Company " mean Transportadora de Gas del Sur S.A. ( "tgs" ) and its consolidated subsidiaries, Telcosur S.A. ( "Telcosur" ) and CTG Energa S.A.U. ( "CTG" ), (ii) references to " Argentina " are to the Republic of Argentina, (iii) references to the " United States " or " U.S. " are to the United States of America, (iv) references to " pesos " or " Ps. " are to Argentine pesos, the legal currency of Argentina, (v) references to " U.S. dollars ," " dollars " or " U.S.$ " are to United States dollars, the legal currency of the United States, (vi) a " billion " is a thousand million, (vii) references to " cf " are to cubic feet, (viii) references to " MMcf " are to millions of cubic feet, (ix) references to " Bcf " are to billions of cubic feet, (x) references to " m3 " are to cubic meters, (xi) references to " d " are to days, and (xii) references to " HP " are to horsepower.

Financial Statements and Basis of Preparation

Financial Statements and Basis of Preparation We maintain our financial books and records and publish our consolidated Financial Statements (as defined below) in pesos, which is our functional currency. This Annual Report includes our audited consolidated statements of financial position as of December 31, 2023 and 2022, and our audited consolidated statements of comprehensive income, changes in equity and cash flows, and the related explanatory notes for the years ended December 31, 2023, 2022 and 2021 (our " Financial Statements "). Our Financial Statements have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board ("IFRS Accounting Standards"), and as in effect on the date of preparation of the Financial Statements. IFRS Accounting Standards have been adopted by the Federacin Argentina de Consejos Profesionales de Ciencias Econmicas (" FACPCE ") as its professional accounting standards and are required to be adopted by certain public companies in Argentina ( entidades incluidas en el rgimen de oferta pblica de la Ley de Mercado de Capitales ) pursuant to the rules of the Comisin Nacional de Valores (" CNV "), compiled under General Resolution No. 622/2013 (as amended by General Resolution No. 668/2016 and as further amended, the " CNV Rules "). At our shareholders' meeting held on April 26, 2017, as a result of a proposal by our controlling shareholder, Compaa de Inversiones de Energa S.A. (" CIESA "), our shareholders voted in favor of having a joint audit on our consolidated financial statements commencing with fiscal year ended December 31, 2017, even though there is currently no legal requirement in Argentina for a joint audit. As a result, our Financial Statements were jointly audited by Price Waterhouse & Co. S.R.L., Buenos Aires, Argentina (" PwC "), member firm of PricewaterhouseCoopers International Limited, and Pistrelli, Henry Martin y Asociados S.R.L. (" EY "), member

Forward-looking statements include, but are not limited to, the following

Forward-looking statements include, but are not limited to, the following: estimates relating to future energy demand (including demand for fossil fuels), tariffs and volumes for our natural gas transportation services and future prices and volumes for our natural gas liquid products such as propane and butane (also referred to as liquid petroleum gas or "LPG" ), ethane and natural gasoline (collectively "Liquids" ) and for products and services provided in the Midstream and other Services( "Midstream" ) business segment; use of the southern natural gas transportation system in Argentina (" License "), the impact of the adoption of the new revised scheme of tariffs resulting from the renegotiation process of our License with the Government, regulatory actions by Ente Nacional Regulador del Gas (" ENARGAS ") and other agencies of the Government, the legal framework established by the Federal Energy Bureau and any other applicable governmental authority that may affect us and our business; with our employees in Argentina; v Table of Contents estimates of our future level of capital expenditures and delays in such capital expenditures, including those required by ENARGAS or other governmental authorities for the expansion of our pipeline system or other purposes, and unscheduled and unexpected expenditures for the repair

View Full Filing

View this 20-F filing on SEC EDGAR