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Consolidated Statement of Cash Flow - ARS ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flow from operating activities      
Net (loss) / income for the year $ (5,034,417) $ (3,382,302) $ 10,293,118
Adjustments to obtain flows from operating activities:      
Income tax (3,586,014) 545,241 1,974,983
Depreciation and Impairment of non-financial assets 10,098,597 8,230,289 7,077,240
Impairment losses on financial assets 14,171,016 17,394,877 25,330,344
Other adjustments:      
Exchange rate difference on gold and foreign currency (2,742,959) (1,933,094) (3,130,019)
Interest from loans and other financings (251,873,826) (201,478,253) (190,233,183)
Interest from deposits and financing received 165,506,341 117,848,917 84,027,323
Net income from financial instruments at fair value through profit or loss (18,246,719) (17,316,082) (9,748,608)
Fair value measurement of investment properties 803,858 859,077 271,846
Results from exposure to changes in the purchasing power of money 17,749,063 15,208,972 12,614,594
Interest on liabilities for financial leases 499,393 523,629 608,733
Provisions reversed (3,252,298) (3,338,184) (1,683,229)
Result from derecognition of financial assets measured at amortized cost (491,837) (495,139) (1,931,793)
(Increases) / decreases from operating assets:      
Debt securities at fair value through profit or loss 19,200,104 23,366,025 (10,892,117)
Derivatives 136,609 (8,935) 607,854
Reverse Repo transactions 61,886,619 (17,739,768) (65,728,288)
Loans and other financing      
To the non-financial public sector (233,410) 24,893 46,388
To the other financial entities (494,870) (114,198) 222,808
To the non-financial sector and foreign residents 308,492,953 194,544,626 205,411,764
Other debt securities (115,984,325) (33,612,588) (78,274,000)
Financial assets pledged as collateral 2,166,544 (2,213,523) 6,928,384
Investments in equity instruments     (143,826)
Other assets 15,786,599 (15,944,572) (1,701,428)
Increases / (decreases) from operating liabilities:      
Non-financial public sector 5,490,565 (908,439) 1,364,635
Financial sector 25,268 (92,655) 56,344
Private non-financial sector and foreign residents (185,401,944) (80,200,298) 83,811,103
Derivatives   (5,865) 5,865
Repo transactions     (1,280,183)
Liabilities at fair value through profit or loss (1,860,355) (1,886,851) 5,127,617
Other liabilities (30,305,350) 21,807,155 (11,161,243)
Income Tax paid (846,938) (3,156,324) (3,742,575)
Net cash provided by operating activities (A) 1,658,267 16,526,631 66,130,451
Payments related to:      
Purchase of PPE, intangible assets and other assets (8,361,635) (9,784,475) (13,889,911)
Purchase of liabilities and equity instruments issued by other entities 12,239 (172,768) (139,850)
Acquisition of subsidiaries, net of cash adquired     (21,441)
Collections:      
Disposals related to PPE, intangible assets and other assets 794,892 812,362 1,252,265
Net cash used in investing activities (B) (7,554,504) (9,144,881) (12,798,937)
Payments:      
Lease liabilities (2,545,549) (4,727,463) (4,016,850)
Unsubordinated debt securities (1,501,918) (14,751,259) (19,951,590)
Financing received from the Argentine Central Bank and other financial institutions (174,581,930) (68,045,139) (62,620,406)
Subordinated debt securities   (3,353,254) (5,216,762)
Dividends distribution (491,857) (1,002,622) (1,558,517)
Acquisition of treasury shares (1,383,270)    
Collections:      
Unsubordinated debt securities   4,386,933 7,802,825
Financing received from the Argentine Central Bank and other financial institutions 167,932,069 63,017,533 43,731,367
Net cash used in financing activities (C) (12,572,455) (24,475,271) (41,829,933)
Effects of exchange rate changes 3,117,142 21,522,543 30,506,182
Net (decrease)/ increase in cash and cash equivalents (A+B+C+D) (15,351,550) 4,429,022 42,007,763
Result from exposure to changes in the purchasing power of the currency of Cash and equivalents (17,375,613) (33,342,083) (37,792,540)
Cash and cash equivalents at the beginning of the year 87,128,000 116,041,061 111,825,838
Cash and cash equivalents at the end of the year $ 54,400,837 $ 87,128,000 $ 116,041,061