Contracted concessional, PP&E and other intangible assets

3 Months Ended

Mar. 31, 2024

Contracted concessional, PP&E and other intangible assets [Abstract]

Contracted concessional, PP&E and other intangible assets

Note 6. - Contracted concessional, PP&E and other intangible assets

The Company has assets recorded as contracted concessional assets in accordance with IFRIC 12, property plant and equipment in accordance with IAS 16 and right of use assets under IFRS 16 or intangible assets under IAS 38.

The detail of assets included in the heading ‘Contracted concessional, PP&E and other intangible assets’ as of March 31, 2024, and December 31, 2023, is as follows:

	Financial assets under IFRIC 12			Financial assets under IFRS 16 (Lessor)		Intangible assets under IFRIC 12			Right of use assets under IFRS 16 (Lessee) and intangible assets under IAS 38			Property, plant and equipment under IAS 16
												Land		Technical installations			Total assets
Cost		770,405			2,644		8,862,078			155,240			138,213		1,071,124			10,999,704
Amortization and impairment		(58,526	)		-		(3,530,392	)		(40,981	)		-		(256,428	)		(3,886,327	)
Total as of March 31, 2024		711,879			2,644		5,331,686			114,259			138,213		814,696			7,113,377

	Financial assets under IFRIC 12			Financial assets under IFRS 16 (Lessor)		Intangible assets under IFRIC 12			Right of use assets under IFRS 16 (Lessee) and intangible assets under IAS 38			Property, plant and equipment under IAS 16
												Land		Technical installations			Total assets
Cost		785,179			2,655		8,957,090			150,947			139,344		993,992			11,029,207
Amortization and impairment		(56,378	)		-		(3,479,464	)		(38,813	)		-		(250,285	)		(3,824,940	)
Total as of December 31, 2023		728,801			2,655		5,477,626			112,134			139,344		743,707			7,204,267

No losses from impairment of contracted concessional, PP&E and other intangible assets, excluding the change in the provision for expected credit losses under IFRS 9, Financial instruments, were recorded during the three-month period ended March 31, 2024 and 2023. The impairment provision based on the expected credit losses on contracted concessional financial assets increased by $2 million in the three-month period ended March 31, 2024 (increase of $3 million in the three-month period ended March 31, 2023), primarily in ACT.