Analysis of changes in financing during the year

12 Months Ended

Dec. 31, 2019

Analysis of changes in financing during the year [Abstract]

Analysis of changes in financing during the year

27. Analysis of changes in financing during the year

The following chart provides a reconciliation between the opening and closing balances for liabilities arising from financing activities:

	2019			2018
Debt securities issued
Opening balance		3,805,337			4,661,754
Gain of control over subsidiaries		3,712,359			—
Capital inflows		8,571,953			1,237,567
Capital outflows		(4,447,323	)		(893,035	)
Interests and adjustments accrued		4,198,955			1,359,246
Interests paid		(2,469,755	)		(1,225,440	)
Inflation effect on debt securities issued		(3,535,720	)		(1,334,755	)
Closing balance		9,835,806			3,805,337