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Offsetting of Financial Assets and Liabilities
 12 Months Ended
Dec. 31, 2019
Text block [abstract]  
Offsetting of Financial Assets and Liabilities
NOTE 47. OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES
 
Financial assets and liabilities are offset and the net amount is reported in the statement of financial position where the Group currently has a legally enforceable right to offset the recognized amounts, and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously.
The disclosures in the following tables include financial assets and liabilities that:
 
•
 
are offset in the Group’s consolidated statement of financial position; or
 
•
 
are subject to a netting agreement or similar agreement that covers similar financial instruments, regardless of whether they are offset in the consolidated statement of financial position.
Financial instruments such as loans and deposits are not disclosed in the following tables since they are not offset in the consolidated statement of financial position.
The financial instruments subject to offsetting, master netting agreements and similar agreements as of December 31, 2019 and 2018 are as follows:
 
 
  
Offsetting effects on Statement
Financial Position
 
  
Related amounts not
offset
 
12.31.19
  
Gross

Amount
 
  
Offset
Amount
 
  
Net
amounts in
Statement
Financial
Position
 
  
Subject to
netting
agreements
 
 
Total
Net

Amount
 
Financial Assets
  
   
  
   
  
   
  
   
 
   
Derivate Instruments
  
 
85,528
 
  
 
—  
 
  
 
85,528
 
  
 
(72,810
) 
 
 
12,718
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
Total
  
 
85,528
 
  
 
—  
 
  
 
85,528
 
  
 
(72,810
) 
 
 
12,718
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
Financial Liabilities
  
   
  
   
  
   
  
   
 
   
Derivate Instruments
  
 
125,554
 
  
 
—  
 
  
 
125,554
 
  
 
(72,810
) 
 
 
52,744
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
Total
  
 
125,554
 
  
 
—  
 
  
 
125,554
 
  
 
(72,810
) 
 
 
52,744
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
 
 
  
Offsetting effects on Statement of
Financial Position
 
  
Related amounts not
offset
 
12.31.18
  
Gross

Amount
 
  
Offset
Amount
 
  
Net
amounts in
Statement
Financial
Position
 
  
Subject to
netting
agreements
 
 
Total Net

Amount
 
Financial Assets
  
   
  
   
  
   
  
   
 
   
Derivate Instruments
  
 
2,065,435
 
  
 
—  
 
  
 
2,065,435
 
  
 
(1,910,314
) 
 
 
155,121
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
Total
  
 
2,065,435
 
  
 
—  
 
  
 
2,065,435
 
  
 
(1,910,314
) 
 
 
155,121
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
Financial Liabilities
  
   
  
   
  
   
  
   
 
   
Derivate Instruments—Forward
  
 
2,025,439
 
  
 
—  
 
  
 
2,025,439
 
  
 
(1,910,314
) 
 
 
115,125
 
Derivate Instruments—Cross Currency Swaps
  
 
42,616
 
  
 
10,045
 
  
 
32,571
 
  
 
—  
 
 
 
32,571
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
Total
  
 
2,068,055
 
  
 
10,045
 
  
 
2,058,010
 
  
 
(1,910,314
) 
 
 
147,696