Pampa Energía announces results for the fiscal year and quarter ended on December 31, 2020
Retrieved on:
Thursday, March 11, 2021
As of January 1, 2019, the Company adopted US$ as functional currency for the reporting of its financial information.
Key Points:
- As of January 1, 2019, the Company adopted US$ as functional currency for the reporting of its financial information.
- The presentation of this information in AR$ is converted at transactional nominal exchange rate ('FX').
- However, Edenor (electricity distribution), Transener, TGS and Refinor (holding and others) record their operations in local currency.
- Thus, the 2020 figures are adjusted by inflation as of December 31, 2020 (2020: 15.3% and Q4 20: 5.4%), translated to US$ at closing FX of 84.15.