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Consolidated Income Statement - ARS ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Consolidated Income Statement      
Interest income $ 251,873,826 $ 201,478,253 $ 190,233,183
Interest expenses (165,506,341) (117,848,917) (84,027,323)
Net interest income 86,367,485 83,629,336 106,205,860
Net income from financial instruments (NIFFI) at fair value through profit or loss 18,246,719 17,316,082 9,748,608
Result from derecognition of assets measured at amortized cost 491,837 495,139 1,931,793
Exchange rate differences on gold and foreign currency 2,742,959 1,933,094 3,130,019
Net Income From Financial instruments And Exchange Rate Differences 21,481,515 19,744,315 14,810,420
Net Financial Income 107,849,000 103,373,651 121,016,280
Services Fee Income 30,339,068 32,462,798 33,794,603
Services Fee Expense (10,723,155) (9,896,431) (10,432,762)
Income from insurance activities 4,526,372 4,424,232 4,914,478
Net Service Fee Income 24,142,285 26,990,599 28,276,319
Subtotal 131,991,285 130,364,250 149,292,599
Results from exposure to changes in the purchasing power of money (17,749,063) (15,208,972) (12,614,594)
Other operating income 10,491,417 10,473,784 11,112,493
Impairment losses on financial assets (14,171,016) (17,394,877) (25,330,344)
Net operating income 110,562,623 108,234,185 122,460,154
Personnel expenses 53,892,546 49,850,151 53,444,350
Administration expenses 28,562,821 29,911,621 30,339,034
Depreciation and impairment of non-financial assets 10,098,597 8,230,289 7,077,240
Other operating expenses 26,629,090 23,079,185 19,331,429
(Loss)/ Income before taxes (8,620,431) (2,837,061) 12,268,101
Income tax 3,586,014 (545,241) (1,974,983)
Net (Loss) / income for the year (5,034,417) (3,382,302) 10,293,118
Net (Loss) / income for the year attributable to owners of the parent company (5,028,955) (3,378,763) 10,290,495
Net (Loss) / income for the year attributable to non-controlling interests (5,462) (3,539) 2,623
NUMERATOR      
Net (Loss) / income for the year attributable to owners of the parent company (5,028,955) (3,378,763) 10,290,495
Net income attributable to owners of the parent company adjusted by dilution $ (5,028,955) $ (3,378,763) $ 10,290,495
DENOMINATOR      
Weighted average of ordinary shares 454,274 456,722 456,722
Weighted average of number of ordinary shares issued of the period adjusted by dilution effect 454,274 456,722 456,722
Basic Income per share $ (11.07) $ (7.40) $ 22.53
Diluted Income per share $ (11.07) $ (7.40) $ 22.53