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Lease liabilities | 12 Months Ended
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Dec. 31, 2020
Lease liabilities [abstract] |
Lease liabilities |
19. | LEASE LIABILITIES
|  | 2020 |  |  | 2019 |
|  | Noncurrent |  |  | Current |  |  | Noncurrent |  |  | Current |
Lease liabilities |  |  | 24,172 |  |  |  | 22,098 |  |  |  | 40,391 |  |  |  | 21,389 |
These liabilities are discounted at the following rates:
Lease term |  | 2020 |  |  | Effective average monthly rate used |  |  | 2019 |  |  | Effective average monthly rate used |
0 to 1 year |  |  | 5,370 |  |  |  | 0.93 | % |  |  | 3,778 |  |  |  | 0.56 | %
1 to 2 years |  |  | 10,544 |  |  |  | 0.76 | % |  |  | 7,634 |  |  |  | 0.73 | %
2 to 3 years |  |  | 6,602 |  |  |  | 0.79 | % |  |  | 11,813 |  |  |  | 0.72 | %
3 to 4 years |  |  | 9,610 |  |  |  | 0.87 | % |  |  | 5,404 |  |  |  | 0.70 | %
4 to 5 years |  |  | 2,674 |  |  |  | 0.92 | % |  |  | 10,732 |  |  |  | 0.70 | %
5 to 9 years |  |  | 7,917 |  |  |  | 0.92 | % |  |  | 2,498 |  |  |  | 0.78 | %
More than 9 years |  |  | 3,553 |  |  |  | 0.82 | % |  |  | 19,921 |  |  |  | 0.98 | %
|  |  | 46,270 |  |  |  |  |  |  |  | 61,780 |  |  |  |  |
Financial expenses accrued as of year ended December 31, 2020 and 2019, resulting from lease contracts, amount to 5,706 and 2,885, respectively. From this accreation, 4,739 and 2,574 were included in the “Financial Accretion” line in financial loss of the “Net Financial Results” item of the comprehensive statement of income and 967 and 311 were capitalized in “Property, Plant and Equipment”, for the years ended December 31, 2020 and 2019, respectively. As of December 31, 2020, maturities of liabilities related to lease contracts are exposed on Note 4. The evolution of the Group’s leases liabilities for the fiscal year ended December 31, 2020 and 2019 is as follows:
|  | 2020 |  |  | 2019 |
Balance at the beginning of the year |  |  | 61,780 |  |  |  | 23,059 | (2)
Leases increase |  |  | 11,421 |  |  |  | 39,779 |
Financial accretion |  |  | 5,706 |  |  |  | 2,885 |
Leases decrease |  |  | (28,914 | ) (3) |  |  | (1,741 | )
Payments |  |  | (23,290 | ) |  |  | (15,208 | )
Exchange and translation differences, net |  |  | 19,548 |  |  |  | 12,999 |
Result from net monetary position (1) |  |  | 19 |  |  |  | 7 |
Balance at the end of year |  |  | 46,270 |  |  |  | 61,780 |
(1) | Includes the adjustment for inflation of opening balances of lease liabilities of subsidiaries with the Peso as functional currency, which was charged to other comprehensive income and the adjustment for inflation of the period, which was charged to results.
(2) | Corresponds to the balance related to initial application of IRFS 16.
(3) | See Note 33.f.

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