Lease liabilities (Tables)

12 Months Ended

Dec. 31, 2024


	2024				2023				2022
	Non-current		Current		Non-current		Current		Non-current		Current
Lease liabilities		406		370		325		341		272		294

Summary of lease liabilities and discount rates

These liabilities are discounted at the following rates:


Lease term	2024		Effective average monthly rate used		2023		Effective average monthly rate used		2022		Effective average monthly rate used
0 to 1 year		53		1.15%		87		1.55%		39		1.07%
1 to 2 years		248		0.89%		142		1.17%		198		1.54%
2 to 3 years		140		0.89%		210		1.02%		144		1.23%
3 to 4 years		149		0.82%		46		0.97%		81		1.28%
4 to 5 years		55		0.69%		118		0.90%		43		0.95%
5 to 9 years		112		0.66%		38		0.81%		45		0.79%
More than 9 years		19		0.73%		25		0.75%		16		0.82%

		776				666				566

Summary of lease liabilities activity

The evolution of the Group’s leases liabilities for the fiscal years ended December 31, 2024, 2023 and 2022 is as follows:


	2024		2023		2022
Balance at the beginning of the year		666		566		542
Increases of leases		444		404		306
Financial accretions		71		77		75
Decreases of leases		(5)		(23)		(15)
Payments		(400)		(359)		(341)
Net exchange and translation differences		-		-		(2)
Result from net monetary position (1)		-		1		1

Balance at the end of the year		776		666		566

(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” in the statement of comprehensive income and the adjustment for inflation of the fiscal year which was charged to net profit or loss in the statement of comprehensive income.