PROMIGAS S.A. E.S.P. Promigas S.A. E.S.P. and Subsidiaries
Condensed Consolidated Interim Financial Statements For the Quarter ended June 30, 2022
With Independent Auditor's Report
Promigas S.A. E.S.P. and Subsidiaries
CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION (In thousands of Colombian Pesos)
Note | ||
ASSETS | ||
CURRENT ASSETS: | ||
Cash | 4 | $ |
Financial assets at fair value | 5 | |
Financial assets at amortized cost | 6 | |
Inventories | 7 | |
Advances or credit balances due to taxes | ||
Other assets | 8 | |
TOTAL CURRENT ASSETS | ||
Non-current assets held for sale | ||
TOTAL CURRENT ASSETS AND ASSETS HELD FOR SALE | ||
NON-CURRENT ASSETS | ||
Financial assets at fair value | 5 | |
Financial assets at amortized cost | 6 | |
Investments in associates | 9 | |
Property, gas pipelines, networks, plant and equipment | 10 | |
Intangible assets: | ||
Concessions | 11 | |
Goodwill | ||
Other intangible assets | 12 | |
Total intangible assets: | ||
Right-of-use assets | 13 | |
Investment property | ||
Deferred tax assets, net | 14 | |
Other assets | 8 | |
TOTAL NON-CURRENT ASSETS | ||
TOTAL ASSETS | $ | |
LIABILITIES | ||
CURRENT LIABILITIES: | ||
Financial obligations | 15 | $ |
Bonds outstanding | 16 | |
Accounts payable | 17 | |
Employee benefits | 18 | |
Current income tax | 14 | |
Provisions | 20 | |
Other liabilities | 19 | |
TOTAL CURRENT LIABILITIES | ||
NON-CURRENT LIABILITIES: | ||
Financial obligations | 15 | |
Bonds outstanding | 16 | |
Accounts payable | 17 | |
Employee benefits | 18 | |
Provisions | 20 | |
Deferred tax liabilities, net | 14 | |
TOTAL NON-CURRENT LIABILITIES | ||
TOTAL LIABILITIES | ||
EQUITY | ||
SHAREHOLDERS' EQUITY | 21 | |
Subscribed and paid-in capital | ||
Issue premium | ||
Reserves | ||
Retained earnings | ||
Other equity transactions | ||
Other comprehensive income | ||
TOTAL SHAREHOLDERS' EQUITY | ||
NON-CONTROLLING INTERESTS | 22 | |
TOTAL EQUITY | ||
TOTAL LIABILITIES AND EQUITY | $ |
June 30, | December 31, | ||
2022 | 2021 | ||
598.169.978 | 427.848.665 | ||
206.611.016 | 241.164.321 | ||
1.287.777.957 | 1.201.291.883 | ||
130.552.516 | 117.695.122 | ||
31.650.634 | 36.531.195 | ||
234.737.089 | 166.234.814 | ||
2.489.499.190 | 2.190.766.000 | ||
1.069.613 | 1.429.613 | ||
2.490.568.803 | 2.192.195.613 | ||
3.396.100.930 | 3.246.887.347 | ||
1.783.118.493 | 1.783.825.121 | ||
851.492.712 | 878.395.620 | ||
1.284.930.061 | 1.267.139.852 | ||
5.236.296.154 | 4.832.490.325 | ||
151.652.212 | 150.716.870 | ||
114.809.307 | 115.051.948 | ||
5.502.757.673 | 5.098.259.143 | ||
137.052.152 | 132.879.120 | ||
8.815.676 | 9.259.620 | ||
68.503.720 | 66.136.281 | ||
272.250.888 | 247.393.800 | ||
13.305.022.305 | 12.730.175.904 | ||
15.795.591.108 | 14.922.371.517 | ||
665.356.821 | 428.437.053 | ||
547.890.685 | 268.827.276 | ||
944.906.950 | 601.983.615 | ||
24.259.710 | 22.909.552 | ||
44.853.602 | 62.492.248 | ||
48.786.002 | 42.672.697 | ||
171.879.636 | 166.178.472 | ||
2.447.933.406 | 1.593.500.913 | ||
2.338.339.648 | 2.256.771.906 | ||
4.330.161.126 | 4.597.101.390 | ||
24.454.278 | 26.550.092 | ||
3.548.316 | 3.600.580 | ||
324.840.067 | 309.718.878 | ||
926.111.320 | 869.891.255 | ||
7.947.454.755 | 8.063.634.101 | ||
10.395.388.161 | 9.657.135.014 | ||
113.491.861 | 113.491.861 | ||
322.822.817 | 322.822.817 | ||
1.226.467.276 | 1.104.531.324 | ||
3.147.080.673 | 3.197.235.580 | ||
(11.554.814) | (11.554.865) | ||
317.982.250 | 258.553.530 | ||
5.116.290.063 | 4.985.080.247 | ||
283.912.884 | 280.156.256 | ||
5.400.202.947 | 5.265.236.503 | ||
15.795.591.108 | 14.922.371.517 | ||
The accompanying notes are an integral part of the condensed consolidated interim financial statements.
______________________________ | ______________________________ | ____________________________________ |
Natalia Abello Vives | John Jairo Rodriguez Benavides | Rosangela Barrios Pantoja |
Legal Representative (Alternate) | Public Accountant | Independent Auditor |
Professional License No.11628-T | Professional License No. 155173-T | |
Member of KPMG S.A.S. | ||
(See my report dated August 12, 2022) |
We, the undersigned Legal Representative and Public Accountant certify that we have previously verified the statements contained in these condensed consolidated interim financial statements and that they have been prepared in accordance with the information faithfully taken from the accounting books of the parent company and its subsidiaries.
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Promigas S.A. E.S.P. and Subsidiaries
CONDENSED CONSOLIDATED INTERIM INCOME STATEMENT
(In thousands of Colombian pesos, except for net income per share, which is expressed in Colombian pesos.)
Note | |
Revenue | |
Contracts with customers | $ |
Revenue from national concession agreements | |
Revenue from foreign concession agreements | |
Other revenue | |
Total revenue | 23 |
Cost of sales and services rendered | |
Cost of construction of national concession agreements | |
Cost of construction of foreign concessions agreements | |
Total cost of sales and services rendered | 24 |
GROSS PROFIT | |
Administrative and selling expenses | 25 |
Share of profit of equity-accounted | |
National associates | |
Foreign associates | |
Total share of profit of equity-accounted | 9 |
Dividends received | |
Impairment for expected credit losses | 6 |
Other, net | 26 |
OPERATING INCOME | |
Finance income | 27 |
Interest expense | 28 |
Foreign exchange difference, net | 29 |
INCOME BEFORE INCOME TAX | |
Income tax | 14 |
NET INCOME | $ |
ATTRIBUTABLE TO: | |
Company shareholders | $ |
Non-controlling interest | 22 |
$ |
For six-month periods ended: | For three-month periods ended: | |||||
June 30, | June 30, | June 30, | June 30, | |||
2022 | 2021 | 2022 | 2021 | |||
2.297.501.934 | 1.872.218.237 | 1.170.764.781 | 939.177.341 | |||
74.566.192 | 54.761.760 | 39.845.581 | 35.803.764 | |||
304.544.753 | 338.821.103 | 144.325.176 | 251.318.442 | |||
190.115.649 | 151.416.988 | 96.558.482 | 76.977.641 | |||
2.866.728.528 | 2.417.218.088 | 1.451.494.020 | 1.303.277.188 | |||
(1.571.888.242) | (1.292.785.074) | (825.332.283) | (650.051.490) | |||
(43.044.149) | (48.560.628) | (24.245.344) | (32.467.916) | |||
(169.563.143) | (189.268.004) | (79.838.770) | (138.126.313) | |||
(1.784.495.534) | (1.530.613.706) | (929.416.397) | (820.645.719) | |||
1.082.232.994 | 886.604.382 | 522.077.623 | 482.631.469 | |||
(213.960.401) | (164.954.761) | (114.168.865) | (84.957.335) | |||
61.317.015 | 58.038.295 | (14.756.018) | 30.659.525 | |||
84.815.703 | 64.431.290 | 84.815.703 | 35.832.488 | |||
146.132.718 | 122.469.585 | 70.059.685 | 66.492.013 | |||
1.250.450 | 456.146 | - | - | |||
(33.121.397) | (23.603.780) | (26.838.929) | (16.317.536) | |||
31.341.432 | 19.593.781 | 5.724.345 | 4.305.097 | |||
1.013.875.796 | 840.565.353 | 456.853.859 | 452.153.708 | |||
162.508.706 | 162.330.616 | 80.583.438 | 71.375.971 | |||
(256.313.223) | (178.258.400) | (133.376.024) | (86.309.800) | |||
1.952.913 | (156.445) | 4.057.008 | 592.108 | |||
922.024.192 | 824.481.124 | 408.118.281 | 437.811.987 | |||
(230.034.111) | (200.533.575) | (99.642.178) | (98.542.337) | |||
691.990.081 | 623.947.549 | 308.476.103 | 339.269.650 | |||
659.148.373 | 597.600.628 | 293.915.678 | 326.637.788 | |||
32.841.708 | 26.346.921 | 14.560.425 | 12.631.862 | |||
691.990.081 | 623.947.549 | 308.476.103 | 339.269.650 | |||
NET INCOME PER SHARE | $ | 580,83 | 526,59 | 258,99 | 287,83 | |||
The accompanying notes are an integral part of the condensed consolidated interim financial statements.
______________________________ | _____________________________________ | ____________________________________ |
Natalia Abello Vives | John Jairo Rodriguez Benavides | Rosangela Barrios Pantoja |
Legal Representative (Alternate) | Public Accountant | Independent Auditor |
Professional License No.11628-T | Professional License No. 155173-T | |
Member of KPMG S.A.S. | ||
(See my report dated August 12, 2022) |
We, the undersigned Legal Representative and Public Accountant certify that we have previously verified the statements contained in these condensed consolidated interim financial statements and that they have been prepared in accordance with the information faithfully taken from the accounting books of the parent company and its subsidiaries.
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Promigas S.A. E.S.P. and Subsidiaries
CONDENSED CONSOLIDATED INTERIM STATEMENT OF OTHER COMPREHENSIVE INCOME (In thousands of Colombian Pesos)
For six-month periods ended: | For three-month periods ended: | |||||||
Note | June 30, | June 30, | June 30, | June 30, | ||||
2022 | 2021 | 2022 | 2021 | |||||
NET INCOME | $ | 691.990.081 | 623.947.549 | 308.476.103 | 339.269.650 | |||
OTHER COMPREHENSIVE INCOME | ||||||||
Other comprehensive income that will not be reclassified to profit or loss of the period | ||||||||
Fair value of equity instrument | 5 | 5.981.760 | 282.628 | - | - | |||
Deferred tax | 14 | (598.117) | (28.516) | 5.945 | - | |||
5.383.643 | 254.112 | 5.945 | - | |||||
Other comprehensive income to be reclassified to profit or loss for the period | ||||||||
Currency translation adjustment | 51.607.796 | 59.644.786 | 119.641.232 | 16.625.945 | ||||
Hedging transactions | (23.305.552) | (69.476.054) | (68.696.895) | (14.737.282) | ||||
Deferred tax | 14 | 7.532.244 | 20.022.799 | 20.919.288 | 4.535.551 | |||
35.834.488 | 10.191.531 | 71.863.625 | 6.424.214 | |||||
OTHER COMPREHENSIVE INCOME FOR THE PERIOD IN ASSOCIATES | 9 | |||||||
Other comprehensive income to be reclassified to profit or loss for the period | ||||||||
Currency translation adjustment | 16.179.297 | 41.320.829 | 48.401.881 | 8.570.554 | ||||
Hedging transactions | 7.647.398 | (2.840.597) | 6.683.800 | (3.570.212) | ||||
TOTAL OTHER COMPREHENSIVE INCOME | 23.826.695 | 38.480.232 | 55.085.681 | 5.000.342 | ||||
65.044.826 | 48.925.875 | 126.955.251 | 11.424.556 | |||||
TOTAL INCOME AND OTHER COMPREHENSIVE INCOME | $ | 757.034.907 | 672.873.424 | 435.431.354 | 350.694.206 | |||
TOTAL INCOME AND OTHER COMPREHENSIVE INCOME ATTRIBUTABLE TO: | ||||||||
Company shareholders | $ | 718.577.094 | 636.888.849 | 407.990.314 | 335.795.137 | |||
Non-controlling interest | 38.457.813 | 35.984.575 | 27.441.040 | 14.899.069 | ||||
$ | 757.034.907 | 672.873.424 | 435.431.354 | 350.694.206 | ||||
The accompanying notes are an integral part of the condensed consolidated interim financial statements.
______________________________ | _____________________________________ | ____________________________________ |
Natalia Abello Vives | John Jairo Rodriguez Benavides | Rosangela Barrios Pantoja |
Legal Representative (Alternate) | Public Accountant | Independent Auditor |
Professional License No.11628-T | Professional License No. 155173-T | |
Member of KPMG S.A.S. | ||
(See my report dated August 12, 2022) |
We, the undersigned Legal Representative and Public Accountant certify that we have previously verified the statements contained in these condensed consolidated interim financial statements and that they have been prepared in accordance with the information faithfully taken from the accounting books of the parent company and its subsidiaries.
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Promigas S.A. E.S.P. and Subsidiaries
CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY
(In thousands of Colombian pesos)
Retained earnings
For the six-month periods ended: | |||||||||||||||||||||||||||||||||||||||||||||||||
Other | Total | ||||||||||||||||||||||||||||||||||||||||||||||||
Subscribed and | Previuos year | First-time | Other equity | comprehensive | shareholders' | Non-controlling | |||||||||||||||||||||||||||||||||||||||||||
Note | paid-in capital | Issue premium | Reserves | results | Net income | adoption effect | Total | transactions | income | equity | interests | Total equity | |||||||||||||||||||||||||||||||||||||
Balances as of December 31, 2020 | $ | 113.491.861 | 322.822.817 | 919.938.627 | 156.522.903 | 1.137.444.552 | 1.505.786.626 | 2.799.754.081 | (11.556.845) | 163.229.800 | 4.307.680.341 | 259.056.726 | 4.566.737.067 | ||||||||||||||||||||||||||||||||||||
Acquisition of interest from non-controlling interests | - | - | - | - | - | - | - | 1.764 | - | 1.764 | (1.743) | 21 | |||||||||||||||||||||||||||||||||||||
Creation of reserves | 21 | - | - | 184.592.697 | (184.592.697) | - | - | (184.592.697) | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||
Cash dividends declared | 21 | - | - | - | (524.299.796) | - | - | (524.299.796) | - | - | (524.299.796) | (32.181.792) | (556.481.588) | ||||||||||||||||||||||||||||||||||||
Withholdings on dividends declared | - | - | - | (3.256.400) | - | - | (3.256.400) | - | - | (3.256.400) | - | (3.256.400) | |||||||||||||||||||||||||||||||||||||
Withholdings on dividends transferred to shareholders | - | - | - | 10.291.237 | - | - | 10.291.237 | - | - | 10.291.237 | - | 10.291.237 | |||||||||||||||||||||||||||||||||||||
Carryforwards | 21 | - | - | - | 1.137.444.552 | (1.137.444.552) | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||
Income and other comprehensive income | - | - | - | - | 597.600.627 | - | 597.600.627 | - | 39.288.222 | 636.888.849 | 35.984.575 | 672.873.424 | |||||||||||||||||||||||||||||||||||||
Balances as of June 31, 2021 | 113.491.861 | 322.822.817 | 1.104.531.324 | 592.109.799 | 597.600.627 | 1.505.786.626 | 2.695.497.052 | (11.555.081) | 202.518.022 | 4.427.305.995 | 262.857.766 | 4.690.163.761 | |||||||||||||||||||||||||||||||||||||
Balances as of December 31, 2021 | $ | 113.491.861 | 322.822.817 | 1.104.531.324 | 592.316.351 | 1.099.132.603 | 1.505.786.626 | 3.197.235.580 | (11.554.865) | 258.553.530 | 4.985.080.247 | 280.156.256 | 5.265.236.503 | ||||||||||||
Acquisition of non-controlling interests | - | - | - | - | - | - | - | 51 | - | 51 | (51) | - | |||||||||||||
Creation of reserves | 21 | - | - | 121.935.952 | (121.935.952) | - | - | (121.935.952) | - | - | - | - | - | ||||||||||||
Cash dividends declared | 21 | - | - | - | (585.581.590) | - | - | (585.581.590) | - | - | (585.581.590) | (34.701.129) | (620.282.719) | ||||||||||||
Withholdings on dividends declared | - | - | - | (3.792.948) | - | - | (3.792.948) | - | - | (3.792.948) | (5) | (3.792.953) | |||||||||||||
Withholdings on dividends transferred to shareholders | - | - | - | 2.007.209 | - | - | 2.007.209 | - | - | 2.007.209 | - | 2.007.209 | |||||||||||||
Carryforwards | 21 | - | - | - | 1.099.132.603 | (1.099.132.603) | - | - | - | - | - | - | - | ||||||||||||
Income and other comprehensive income | - | - | - | - | 659.148.374 | - | 659.148.374 | - | 59.428.720 | 718.577.094 | 38.457.813 | 757.034.907 | |||||||||||||
Balances as of June 2022 | $ | 113.491.861 | 322.822.817 | 1.226.467.276 | 982.145.673 | 659.148.374 | 1.505.786.626 | 3.147.080.673 | (11.554.814) | 317.982.250 | 5.116.290.063 | 283.912.884 | 5.400.202.947 | ||||||||||||
The accompanying notes are an integral part of the condensed consolidated interim financial statements.
______________________________ | _____________________________________ | ____________________________________ |
Natalia Abello Vives | John Jairo Rodriguez Benavides | Rosangela Barrios Pantoja |
Legal Representative (Alternate) | Public Accountant | Independent Auditor |
Professional License No.11628-T | Professional License No. 155173-T | |
Member of KPMG S.A.S. | ||
(See my report dated August 12, 2022) |
We, the undersigned Legal Representative and Public Accountant certify that we have previously verified the statements contained in these condensed consolidated interim financial statements and that they have been prepared in accordance with the information faithfully taken from the accounting books of the parent company and its subsidiaries.
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Promigas SA ESP published this content on 08 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 September 2022 02:09:01 UTC.
