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CONSOLIDATED STATEMENT OF CASH FLOWS - ARS ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Income before Taxes from Continuing Operation $ 36,857,611 $ 5,190,996 $ 22,949,547
Adjustment to Obtain the Operating Activities Flows:      
Loan and other Receivables Loss Provisions 22,203,274 25,074,262 11,220,314
Depreciation and Impairment of Assets 5,064,576 2,541,273 2,214,325
Loss on Net Monetary Position 30,798,238 27,787,774 10,496,441
Other Operations 42,150,670 (27,980,614) 8,083,355
Net Increases/(Decreases) from Operating Assets:      
Debt securities measured at fair value through profit or loss 1,400,612 18,379,932 (5,383,338)
Derivative Financial Instruments 417,819 (1,553,655) (840,290)
Repo Transactions (3,060,443) 461,265 (2,141,780)
Other Financial Assets 2,011,201 2,418,304 (6,278,465)
Net Loans and Other Financing      
- Non-financial Public Sector 13,140 (4,992) 37,705
- Other Financial Institutions (788,373) 5,570,160 (5,895,179)
- Non-financial Private Sector and Residents Abroad 53,239,351 (21,299,981) (67,534,701)
Other Debt Securities 3,169,363 (15,754,896) (1,536,299)
Financial Assets Pledged as Collateral 5,090,222 (2,262,419) 1,151,905
Investments in Equity Instruments (4,306,700) (75,579) 115,701
Other Non-financial Assets (1,622,985) (1,736,682) (2,625,493)
Non-current Assets Held for Sale 896,316 15,771,013 90,801
Deposits      
- Non-financial Public Sector (11,249,347) 10,538,444 (1,024,969)
- Financial Sector (643,948) 833,341 83,092
- Non-financial Private Sector and Residents Abroad (148,317,590) 86,665,483 30,615,828
Liabilities at fair value through profit or loss (1,877,031) 3,299,188  
Derivative Financial Instruments (1,942,940) 1,522,107 855,225
Other Financial Liabilities (29,681,420) 12,128,517 (2,682,801)
Provisions 517,438 849,252 289,278
Other Non-financial Liabilities (805,307) (15,019,196) 4,088,838
Income Tax Collections/Payments (10,102,682) (11,415,284) (10,158,748)
NET CASH (USED IN)/GENERATED BY OPERATING ACTIVITIES (A) (10,568,935) 121,928,013 (13,809,708)
Payments:      
Purchase of PP&E, Intangible Assets and Other Assets (7,897,101) (5,673,271) (5,014,929)
Purchase of Non-controlling Interests     (2,249,045)
Collections:      
Sale of PP&E, Intangible Assets and Other Assets 2,679,732 156,424 1,309,202
NET CASH USED IN INVESTMENT ACTIVITIES (B) (5,217,369) (5,516,847) (5,954,772)
Payments:      
Unsubordinated Debt Securities (16,883,724)   (2,412,654)
Subordinated Debt Securities     (557,008)
Loans from Local Financial Institutions (7,190,606)   (1,691,806)
Dividends (2,660,800) (2,636,131) (859,184)
Leases payment (1,000,344)    
Collections:      
Unsubordinated Debt Securities   14,928,649  
Loans from Local Financial Institutions   12,041,577  
Subordinated Debt Securities 473,057 4,060,434  
Capital increase 132,203   26,125,279
NET CASH (USED IN)/GENERATED BY FINANCING ACTIVITIES (C) (27,130,214) 28,394,529 20,604,627
EXCHANGE INCOME ON CASH AND CASH EQUIVALENTS (D) 51,075,864 69,162,423 10,970,172
NET INCREASE IN CASH AND CASH EQUIVALENTS (A+B+C+D) 8,159,346 213,968,118 11,810,319
MONETARY LOSS RELATED TO CASH AND CASH EQUIVALENTS (123,499,266) (69,503,742) (29,777,542)
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR 347,458,867 202,994,491 220,961,714
CASH AND CASH EQUIVALENTS AT END OF THE YEAR $ 232,118,947 $ 347,458,867 $ 202,994,491