City of Buenos Aires, March 8, 2012
To the
Buenos Aires Stock Exchange
Ref.: Financial Statements 12/31/2011
In order to fulfill the requirements of Article No. 62 of the Buenos Aires Stock Exchange Regulation, I inform you that the Board of Directors of the Company approved by majority, at its meeting held on March 8, 2012, the financial statements for the fiscal year ended December 31, 2011. Set forth below is relevant information required by Article No 62 of the non consolidated financial statements of YPF S.A.
Subsection l) Income Statement (in millions of pesos)
[Exchange rate as of December 31, 2011: Ps. 4.304= US$ 1]
|
Net income before income tax
|
|
|
7,800 |
|
|
Income tax
|
|
|
(2,504 |
) |
|
Net income for the fiscal year ended December 31, 2011
|
|
|
5,296 |
|
| |
|
|
|
|
Subsection m) Detail of Shareholder’s Equity as of 12/31/2011 (in millions of pesos)
[Amounts in accordance with Argentine GAAP]
|
Shareholder’s contributions:
|
|
|
|
|
|
|
|
Subscribed capital
|
|
|
3,933 |
|
|
|
|
|
Adjustment to contributions
|
|
|
6,101 |
|
|
|
|
|
Issuance premiums
|
|
|
640 |
|
|
|
|
|
Total Shareholder’s contribution
|
|
|
10,674 |
|
|
|
|
|
Legal Reserve
|
|
|
|
|
|
|
2,007 |
|
|
Deferred earnings
|
|
|
|
|
|
|
(299 |
) |
|
Reserve for future dividends
|
|
|
|
|
|
|
1,057 |
|
|
Unappropiated retained earnings
|
|
|
|
|
|
|
5,296 |
|
|
Total Shareholder’s Equity
|
|
|
|
|
|
|
18,735 |
|
Subsection n) Proposals regarding dividends in cash and in kind, capitalized earnings, monetary adjustments and other concepts
The Board of Directors has decided to defer the proposed allocation of the unappropiated retained earnings with a view to call, in the near future, the General Shareholders’ Meeting.
Subsection ñ) Detail of the reasons for which it has not been possible to formulate the proposals on the items listed in subsection n)
Taking into account the terms of RG CNV 593/11, the Board of Directors is currently evaluating the various alternatives available in relation to the allocation of the unappropiated retained earnings for their submission to the General Shareholders’ Meeting. Accordingly, the Board of Directors considers that it needs additional time to carry out a detailed analysis of such terms, in order to formulate the proposal that will be submitted to the shareholders for their approval, and to make such submission sufficiently in advance of the meeting, as required by the applicable regulation.
Subsection o) Shares owned by the parent group
As of December 31, 2011 the parent group of the company owned 225,890,313 class D shares, which represented 57.43% of the capital stock.
Subsection p) Shares with rights to securities representing debt convertible into shares and/or purchase options over company shares, corresponding to ownership of the
shareholder or parent group
None as of December 31, 2011.
Subsection q) Parent shareholder of the company:
Repsol YPF S.A., with legal domicile established at Castellana 278, 28046 Madrid, Spain
Sincerely yours,
| |
GUILLERMO REDA
Market relations officer
YPF S.A.
|