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CONSOLIDATED STATEMENTS OF CASH FLOWS - ARS ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flow from operating activities      
Profit before tax $ 313,326,162 $ 172,633,812 $ 84,786,272
Adjustments and other non-cash items (1,113,211,430) (259,692,274) 88,882,684
Depreciation and amortization 28,677,320 34,171,257 33,858,994
Net impairment loss of financial assets 133,602,042 98,632,380 77,479,161
Accrued interest (1,626,862,052) (1,058,378,324) (754,086,510)
Exchange rate (572,860,171) (3,774,581) 139,724,762
Inflation effect on cash and cash equivalents balances 884,332,142 646,366,610 558,457,873
Gain on sale of Prisma Medios de Pagos S.A. 0 (1,557,976) 0
Put option - Prisma Medios de Pagos S.A. 0 0 7,170,021
Remeasurement - Prisma Medios de Pagos S.A. 0 0 8,999,481
Other adjustments 39,899,289 24,848,360 17,278,902
Net increases (decreases) in operating assets: 415,615,714 (344,318,816) (97,154,470)
Financial assets at fair value through profit or loss (FVTPL) (138,556,820) (55,167,052) 21,917,821
Financial assets at amortized cost      
Other financial assets 10,024,373 (9,314,120) 67,864,211
Loans and advances to financial institutions (1,099,968) 11,746,102 (10,519,980)
Loans and advances to customers 181,928,917 (53,519,749) 171,838,433
Loans and advances to government sector (140,852) 131 194
Loans and advances to central bank 28,132 (28,132)  
Reverse repurchase agreements (1,029,651,789) 667,251,433 (385,498,982)
Debt securities 33,943,502 2,689,055 (120,456,524)
Financial assets at fair value through other comprehensive income 1,373,377,226 (950,997,862) 149,321,168
Other assets (14,237,007) 43,021,378 8,379,189
Net increases (decreases) in operating liabilities: (575,987,747) (323,960,717) (158,655,458)
Financial liabilities at amortized cost      
Deposits from financial institutions 1,514,327 (259,333) (6,571,258)
Deposits from customers (465,084,598) (198,130,647) (113,465,802)
Deposits from government sector 3,920,504 (50,167,375) 28,769,808
Repurchase agreements (5,388,624) 2,504,428 (1,410,511)
Financial liabilities at FVTPL 11,434,399 (864,864) 178,322
Other financial liabilities (122,383,755) (77,042,926) (66,156,017)
Income tax paid (7,061,720) (5,060,942) (22,784,345)
Interest received 3,119,468,018 1,971,825,837 1,322,928,612
Interest paid (1,550,919,465) (859,480,878) (537,831,183)
Total cash flows (used in)/generated by operating activities 601,229,532 351,946,022 680,172,112
Cash flows from investing activities      
Payments: (44,158,709) (88,096,067) (48,788,435)
Purchase of property and equipment, intangible assets and other assets (42,148,338) (51,101,699) (48,788,435)
Other payments related to investment activities (2,010,371) (36,994,368) 0
Collections: 1,163,486 3,540,447 14,519,378
Dividends received 1,163,486 3,540,447 14,519,378
Total cash flows used in investing activities (42,995,223) (84,555,620) (34,269,057)
Cash flows from financing activities      
Payments: (41,445,704) (28,212,668) (15,747,223)
Dividends (278,328) (8,024,881)  
Debt security payments - Capital (565,420) (2,327,802) (6,745,140)
Debt security payments - Interest 0 0 (504,322)
Payment of lease liabilities (6,227,606) (6,673,616) (8,497,761)
Financing by local financial institutions (34,374,350) (11,186,369)  
Collections: 14,988,113 1,717,145 0
Debt securities issued - Capital 14,153,869 0 0
Other collections related to financing activities 834,244 1,717,145  
Total cash flows used in financing activities (26,457,591) (26,495,523) (15,747,223)
Effect of exchange rate changes on cash and cash equivalents 572,860,171 3,774,581 (139,724,762)
Inflation effect on cash and cash equivalents (884,332,142) (646,366,610) (558,457,873)
Total changes in cash and cash equivalents 220,304,747 (401,697,150) (68,026,803)
Cash and cash equivalents at the beginning of the year (Note 4) 922,374,620 1,324,071,770 1,392,098,573
Cash and cash equivalents at the end of the year (Note 4) $ 1,142,679,367 $ 922,374,620 $ 1,324,071,770