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CONSOLIDATED STATEMENTS OF CASH FLOWS - ARS ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flow from operating activities      
Profit before tax $ 441,080,385 $ 682,307,668 $ 375,932,109
Adjustments and other non-cash items (487,549,439) (2,545,037,376) (1,067,046,743)
Depreciation and amortization 79,611,677 62,448,521 74,412,260
Net impairment loss of financial assets 290,406,994 290,935,480 214,784,580
Accrued interest (2,922,890,116) (3,542,699,530) (2,304,753,736)
Exchange rate 541,852,227 (1,247,476,057) (8,219,631)
Loss on net monetary position 1,421,247,270 1,804,868,429 905,994,003
Gain on sale of Prisma Medios de Pagos S.A. (see Note 6.5.) 0 0 (3,392,691)
Other adjustments 102,222,509 86,885,781 54,128,472
Net increases (decreases) in operating assets: (8,781,460,009) (10,156,166,531) (7,273,004,330)
Financial assets at fair value through profit or loss (FVTPL) 135,910,873 (630,070,749) (214,869,197)
Financial assets at amortized cost      
Other financial assets (585,690,715) (553,470,799) (314,309,658)
Loans and advances to financial institutions (44,279,082) (33,260,111) (5,306,308)
Loans and advances to customers (6,750,666,479) (4,660,460,953) (3,144,825,777)
Loans and advances to government sector (1,151,102) (1,077,758) (9,006)
Loans and advances to central bank 0 57,779 (80,331)
Reverse repurchase agreements 1,046,814,494 (3,314,444,240) 1,006,702,072
Debt securities 30,007,165 73,916,303 5,855,759
Financial assets at fair value through other comprehensive income (2,515,286,132) (938,480,833) (4,653,816,465)
Other assets (97,119,031) (98,875,170) 47,654,581
Net increases (decreases) in operating liabilities: 8,827,341,447 9,927,813,541 6,319,292,128
Financial liabilities at amortized cost      
Deposits from financial institutions 17,181,908 7,448,076 1,481,393
Deposits from customers 7,635,971,336 7,863,304,092 5,259,313,168
Deposits from government sector 206,586,285 73,234,494 (16,412,775)
Repurchase agreements 8,030,197 (11,654,723) 5,453,712
Financial liabilities at FVTPL (14,746,183) 31,361,740 1,384,489
Other financial liabilities 974,317,904 1,964,119,862 1,068,072,141
Income tax paid (274,977,772) (15,377,796) (11,020,847)
Interest received 4,735,719,954 6,793,039,316 4,293,902,152
Interest paid (1,870,805,703) (3,377,324,865) (1,871,629,188)
Total cash flows generated by operating activities 2,589,348,863 1,309,253,957 766,425,281
Cash flows from investing activities      
Payments: (166,029,679) (96,161,217) (191,840,417)
Purchase of property and equipment, intangible assets and other assets (164,525,453) (91,783,378) (111,280,464)
Other payments related to investment activities (1,504,226) (4,377,839) (80,559,953)
Collections: 3,633,976 2,533,639 7,709,775
Dividends received 3,633,976 2,533,639 7,709,775
Total cash flows used in investing activities (162,395,703) (93,627,578) (184,130,642)
Cash flows from financing activities      
Payments: (114,415,612) (90,253,305) (61,436,682)
Dividends (90,609,727) (606,095) (17,475,201)
Debt security payments - Capital (10,729,920) (1,231,274) (5,069,086)
Payment of lease liabilities (13,075,965) (13,561,406) (14,532,650)
Financing by local financial institutions 0 (74,854,530) (24,359,745)
Collections: 238,807,228 32,638,527 3,739,301
Debt securities issued - Capital 99,271,683 30,821,854 0
Financing by local financial institutions 101,954,554 0 0
Other collections related to financing activities 37,580,991 1,816,673 3,739,301
Total cash flows generated/(used in) by financing activities 124,391,616 (57,614,778) (57,697,381)
Effect of exchange rate changes on cash and cash equivalents (541,852,227) 1,247,476,057 8,219,631
Inflation effect on cash and cash equivalents (1,674,416,805) (1,925,745,984) (1,407,545,700)
Total changes in cash and cash equivalents 335,075,744 479,741,674 (874,728,811)
Cash and cash equivalents at the beginning of the year (Note 4) 2,488,330,006 2,008,588,332 2,883,317,143
Cash and cash equivalents at the end of the year (Note 4) $ 2,823,405,750 $ 2,488,330,006 $ 2,008,588,332