UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER
THE
SECURITIES EXCHANGE ACT OF 1934
For
the month of August, 2020
EMPRESA
DISTRIBUIDORA Y COMERCIALIZADORA NORTE S.A. (EDENOR)
(DISTRIBUTION
AND MARKETING COMPANY OF THE NORTH )
(Translation
of Registrant's Name Into English)
Argentina
(Jurisdiction
of incorporation or organization)
Av.
del Libertador 6363,
12th
Floor,
City
of Buenos Aires (A1428ARG),
Tel:
54-11-4346-5000
(Address
of principal executive offices)
(Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
Form
20-F X Form 40-F
(Indicate
by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
Yes No X
(If
"Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .)
SUPERVISORY COMMITTEE MINUTES No. 300
In the City of Buenos Aires, on the 10th
day of the month of August of 2020, in compliance with the Mandatory and Preventive Social Isolation provided for by Executive
Order issued on the grounds of Necessity and Urgency (DNU) No. 297/2020, subsequently extended, and pursuant to CNV General Resolution
No. 830/2020 that authorized the holding of remote Supervisory Committee meetings during the period of the state of health emergency
and restriction on free movement, even for those issuers whose bylaws do not have an explicit provision thereon, as in the Company’s
case, the members of the Supervisory Committee of EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA NORTE SOCIEDAD ANÓNIMA (EDENOR
S.A. or the Company) Messrs. Germán Wetzler Malbrán and Jorge Roberto Pardo meet through the “Cisco Webex”
system, which allows for the simultaneous transmission of sound, images and words throughout the entire meeting as well as for
the recording thereof in digital support.
At 3 p.m., the legally and statutorily
required quorum being present, Mr. Wetzler Malbrán, member of the Supervisory Committee, calls the meeting to order and
deals with the FIRST ITEM of the Agenda: 1) CONSIDERATION OF THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2020.
The President states that as the Supervisory Committee members have been duly provided with the documentation related to the period
under consideration, together with the external auditor’s report, this Committee has examined the report, together with the
other documentation, including the supporting documentation of the work performed by such auditors, whose criteria are shared by
this Committee. As a result of the analysis performed by the members of the Supervisory Committee, and given the knowledge all
its members possess concerning the documentation and the actions taken by the corporate bodies, Mr. Wetzler Malbrán proposes
that all the actions taken be approved. Upon brief discussion, the motion is unanimously approved. Immediately afterwards, Mr.
Wetzler Malbrán puts under consideration of those present the SECOND ITEM of the Agenda: 2) SUPERVISORY COMMITTEE’S
REPORT AND OTHER RELATED DOCUMENTATION. IF APPROPRIATE, APPOINTMENT OF A MEMBER FOR THE SIGNING THEREOF. Mr. Wetzler Malbrán
states that it is necessary to issue a Committee’s Report and puts under consideration of those present a draft version of
the report, which is transcribed below:
Supervisory Committee’s Report
To the Shareholders, Chairman and Directors
of
Empresa Distribuidora y Comercializadora
Norte Sociedad Anónima (Edenor S.A.)
Introduction
In
accordance with both the provisions of section No. 294 of Law No. 19,550 and the regulations of the National Securities Commission
(hereinafter “CNV”), we have performed a review of the accompanying condensed interim financial statements of Empresa
Distribuidora y Comercializadora Norte Sociedad Anónima (Edenor S.A.) (hereinafter
“the Company”), which comprise the statement of financial position as of June 30, 2020, the statement of comprehensive
(loss) income for the six and three-month periods ended June 30, 2020, and the statements of changes in equity and cash flows for
the six-month period then ended, and explanatory notes.
The balances and other information relating
to fiscal year 2019 and its interim periods are an integral part of the previously mentioned financial statements and should therefore
be considered in relation to those financial statements.
Board
of Directors’ responsibility
The
Company’s Board of Directors is responsible for the preparation and presentation of the financial statements in accordance
with International Financial Reporting Standards, adopted by the Argentine Federation of Professional Councils in Economic Sciences
(FACPCE) as the applicable accounting standards and incorporated by the CNV into its regulations, as they were approved by the
International Accounting Standards Board (IASB), and, therefore, it is responsible for
the preparation and presentation of the condensed interim financial statements mentioned in the first paragraph in accordance with
International Accounting Standard 34 “Interim Financial Reporting” (IAS 34).
Scope of our review
We
have performed our review in accordance with current regulations, which require the application of the procedures established in
International Standard on Review Engagements ISRE 2410 “Review of interim financial information performed by the independent
auditor of the entity”, which was adopted as review standard in Argentina by Technical Resolution No. 33 of the FACPCE as
it was approved by the International Auditing and Assurance Standards Board, and include verification of the consistency of the
documents subject to the review with the information on corporate decisions laid down in minutes, and whether such decisions comply
with the law and the bylaws as to their formal and documentary aspects. In conducting our professional work, we have examined the
work performed by the Company external auditors, Price Waterhouse & Co. S.R.L, who issued their report dated August 10, 2020.
A review of interim financial information consists in making inquiries of Company staff responsible for the preparation of the
information included in the condensed interim financial statements and in applying analytical procedures and other review procedures.
This
review is substantially less in scope than an audit performed in accordance with international auditing standards, consequently,
this review does not enable us to obtain assurance that we would become aware of all significant matters that might be identified
in an audit. Accordingly, we do not express an opinion on the Company’s financial position, comprehensive (loss) income or
cash flows. We have not assessed the corporate management, financing, marketing or operating criteria, inasmuch as they are the
responsibility of the Board of Directors and the Shareholders’ Meeting.
Conclusion
Based
on our review, nothing has come to our attention that causes us to believe that the condensed interim financial statements mentioned
in the first paragraph of this report are not prepared, in all material respects, in accordance with IAS 34.
Emphasis
of matter paragraph
Without
qualifying our opinion, we draw the attention to the situation detailed in Note 1 in relation to the Company’s economic and
financial situation. The Company’s current economic and financial situation raises substantial doubt about its ability to
continue as a going concern.
Report on compliance with current regulations
As required by current regulations, we report,
in connection with Edenor S.A., that:
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a)
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taking into account
that, in compliance with the provisions of DNU Nos. 297, 325, 355, 408, 459, 493, 520, 576, 605 and 641/2020 as well as those of
General Resolution No. 830/2020 of the CNV, certain meetings of the Board of Directors and the Supervisory Committee have been
held “remotely”, their respective minutes, to date, have been neither transcribed to nor signed in the relevant books.
It is hereby stated that note has been taken of the resolutions adopted in Board of Directors’ meetings held from March 19
(date of issuance of DNU No. 297) to date;
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b)
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the condensed interim financial statements
of Edenor S.A. comply, as to matters within the scope of our responsibility, with the provisions of the Business Organizations
Law and the pertinent resolutions of the CNV;
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c)
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the condensed interim financial statements
of Edenor S.A. arise from accounting records kept in all formal aspects in conformity with legal regulations, except
for the lack of transcription to the Inventory and Balance Sheet Book of the CD ROM of the Journal.
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d)
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we have complied
with the provisions of section No. 294 of Law No. 19,550.
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City of Buenos Aires, August 10, 2020.
Immediately afterwards, and upon consideration
and discussion, the Supervisory Committee unanimously RESOLVES to approve the report proposed by Mr. Wetzler Malbrán,
subject to the approval of the financial statements herein dealt with by the Board of Directors’ meeting called for today.
Furthermore, Dr. Abelovich is authorized to sign the report, as well as all the previously referred to documentation.
There being no further business to discuss,
and at the motion of Mr. Wetzler Malbrán, the meeting is adjourned at 3.30 p.m.
Germán Wetzler Malbrán
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Jorge Pardo
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SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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Empresa Distribuidora y Comercializadora Norte S.A.
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By:
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/s/ Leandro Montero
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Leandro Montero
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Chief Financial Officer
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Date: August 18,
2020
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