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Financial Risk Management (Tables)

12 Months Ended

Dec. 31, 2022

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

The following table provid

s 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, 2022:


	Appreciation (+) / depreciation (-) of exchange rate			Profit (loss)
Impact on net income before income tax corresponding to financial assets and liabilities		+10	%		(5)
		-10	%		5

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, 2022 that accrue interest considering the applicable

rate:


	Financial Assets (1)		Financial Liabilities (2)
Fixed interest rate		563		6,606
Variable interest rate		1		482

Total (3)		564		7,088

(1)	Includes short-term investments, investments in financial assets at amortized cost, 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 shows the estimated impact on consolidated statement of net income that an increase or decrease of 100 basis points (“b.p.”) in the variable interest rates would have.


	Increase (+) / decrease (-) in the interest rates		Profit (loss)
Impact on net income for the year		+100 b.p.		(3)
		-100 b.p.		3

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 results before income tax as of December 31, 2022:


	Increase (+) / decrease (-) in the prices			Profit (loss)
Impact on net income before income tax		+10	%		41
		-10	%		(41)

Schedule of Maturity Dates of Financial Liabilities

The following table sets forth the maturity dates of the Group’s financial liabilities as of December 31, 2022:


	December 31, 2022
	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		294		158		64		23		12		15		566
Loans		1,140		1,015		1,424		338		1,090		2,081		7,088
Other liabilities (1)		12		1		-		7		-		11		31
Accounts payable (1)		2,509		-		-		-		-		4		2,513

		3,955		1,174		1,488		368		1,102		2,111		10,198

(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

The maximum exposure to credit risk of the Group of December 31, 2022 based on the type of its financial instruments and without excluding the amounts covered by guarantees and other arrangements mentioned below is set forth below:


	Maximum exposure
Cash and cash equivalents		773
Investment in financial assets		520
Other financial assets		1,887

Summary of Breakdown of the Financial Assets

Following is the breakdown of the financial assets past due as of December 31, 2022:


	Current trade receivable		Other current receivables
Less than three months past due		88		10
Between three and six months past due		111		3
More than six months past due		155		4

		354		17