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Financial Risk Management (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Breakdown of Effect a Variation of 10% in Prevailing Exchange Rates on Net Income

The following table provides a breakdown of the effect a variation of 10% in the prevailing exchange rates on the Group’s net income, mainly taking into consideration the exposure of financial assets and liabilities denominated in Pesos as of December 31, 2021:


	Appreciation (+) / depreciation (-) of exchange rate of Peso against dollar			Income (loss) for fiscal year ended December 31, 2021
Impact on net income before income tax corresponding to financial assets and liabilities		+10 -10	% %		(2,235 2,235	)

Information About Financial Assets and Liabilities That Accrues Interest Considering Applicable Rate

The table below provides information about the financial assets and liabilities as of December 31, 2021 that accrue interest considering the applicable rate:


	Financial Assets (1)		Financial Liabilities (2)
Fixed interest rate		60,948		713,791
Variable interest rate		190		43,424

Total (3)		61,138		757,215

(1)	Includes temporary investments, loans with related parties and trade receivables with interest-bearing payment agreements. It does not include the rest of the trade receivables that are mostly non-interest bearing.

(2)	Includes only financial loans. Does not include accounts payable, which mostly do not accrue interest, nor the leases liabilities.

(3)	Includes principal and interest.

Schedule of Estimated Impact on Consolidated Comprehensive Income that an Increase or Decrease of 100 Basis Points in Interest Rate

The table below show

the estimated impact on consolidated statement of comprehensive income that an increase or decrease of 100 basis points (“b.p.”) in the variable interest rate

would have.


	Increase (+) / decrease (-) in the interest rates		Income (loss) for fiscal year
Impact on net income for the year		+100 b.p. -100 b.p.		(312 312	)

Schedule of Effect of a 10% Variation in the Prices of Investments in Financial Instruments

The following table shows the effect that a 10% variation in the prices of investments in financial instruments would have on the Group’s results as of December 31, 2021:


	Increase (+) / decrease (-) in the prices of investments in financial instruments			Income (loss) for the fiscal year ended December 31, 2021
Impact on net income before income tax		+10 -10	% %		4,022 (4,022	)

Schedule of Maturity Dates of Financial Liabilities

The following table sets forth the maturity dates of the Group’s financial liabilities as of December 2021:


	December 31, 2021
	Maturity date
	0 - 1 year		1 - 2 years		2 - 3 years		3 - 4 years		4 - 5 years		More than 5 years		Total
Financial liabilities
Lease liabilities		27,287		15,159		6,226		3,482		1,455		2,013		55,622
Loans		86,680		87,931		84,013		145,637		30,626		322,328		757,215
Other liabilities (1)		3,468		187		41		740		—		—		4,436
Accounts payable (1)		194,671		49		—		—		—		703		195,423

		312,106		103,326		90,280		149,859		32,081		325,044		1,012,696

(1)	Corresponds to the contractual, undiscounted cash flows associated to the financial liabilities given that they do not differ significantly from their face values.

Summary of Maximum Exposure to Credit Risk


	Maximum exposure as of December 31, 2021
Cash and cash equivalents		62,678
Investment in financial assets		53,546
Other financial assets		181,122

Summary of Breakdown of the Financial Assets

Following is the breakdown of the financial assets past due as of December 31, 2021:


	Current trade receivable		Other current receivables
Less than three months past due		22,910		620
Between three and six months past due		6,464		37
More than six months past due		19,181		848

		48,555		1,505