XML 27 R6.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - ARS ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS PROVIDED BY OPERATING ACTIVITIES      
Total comprehensive income for the year $ 11,415,836 $ 5,751,193 [1] $ 1,106,295 [1],[2]
Reconciliation of total comprehensive income to cash flows provided by operating activities:      
Depreciation of property, plant and equipment 2,223,083 2,020,216 [1] 2,095,418 [1]
Derivative financial instrument results (106,084) 0 [1] 9,383 [1]
Disposal of property, plant and equipment 158,516 131,419 [1] 16,368 [1]
Share of profit from associates (18,207) (21,641) [1] (5,089) [1]
Increase in provisions 193,932 216,920 [1] 199,944 [1]
Interest expense accrual 1,588,977 728,644 [1] 857,402 [1]
Interest income on other financial assets other than cash and cash equivalents (451,508) (95,707) [1] (57,458) [1]
Income tax 13,171 (53,077) [1] 1,102,277 [1],[2]
Doubtful accounts 132,521 (23,395) [1] 38,142 [1]
Foreign exchange loss 5,679,356 474,545 [1] 1,294,211 [1]
Gain on net monetary position (3,852,871) (866,188) [1] (1,605,917) [1]
Changes in assets and liabilities:      
Trade receivables (1,486,325) (1,402,841) [1] (970,984) [1]
Other receivables (783,827) (374,555) [1] (555,537) [1]
Inventories (235,824) 9,748 [1] (207,897) [1]
Trade payables 1,611,499 360,635 [1] 907,752 [1]
Contract assets (156,672) 0 [1] 0 [1]
Payroll and social security taxes payable 148,429 97,960 [1] 95,678 [1]
Taxes payables 49,972 10,920 [1] (43,652) [1]
Other payables 47,127 43,897 [1] (68,416) [1]
Provisions 437 (254,858) [1] (53,571) [1]
Interest paid (905,746) (302,158) [1] (629,333) [1]
Derivative financial instruments (103,789) 0 [1] 238,432 [1]
Income tax paid (2,777,871) (833,558) [1] (19,502) [1]
Contract liabilities 412,478 0 [1] 0 [1]
Advances from customers 0 (61,351) [1] 382,267 [1]
Cash flows provided by operating activities 12,796,610 5,556,768 [1] 4,126,213 [1]
CASH FLOWS USED IN INVESTING ACTIVITIES      
Additions to property, plant and equipment (8,123,664) (1,941,265) [1] (1,017,590) [1]
Financial assets not considered cash equivalents 3,392,406 (1,936,424) [1] 119,467 [1]
Cash flows used in investing activities (4,731,258) (3,877,689) [1] (898,123) [1]
CASH FLOWS PROVIDED BY / (USED IN) FINANCING ACTIVITIES      
Payment of loans (1,226,061) (59,876) [1] (1,772,017) [1]
Precancellation of loans (4,796,243) 0 [1] 0 [1]
Loans received 13,821,521 0 [1] 0 [1]
Payment of acquisition of treasury shares (1,420,926) 0 [1] 0 [1]
Dividends paid (4,329,188) (6) [1] (226,899) [1]
Cash flows provided by / (used in) financing activities 2,049,103 (59,882) [1] (1,998,916) [1]
NET INCREASE IN CASH AND CASH EQUIVALENTS 10,114,455 1,619,197 [1] 1,229,174 [1]
Cash and cash equivalents at the beginning of the year [1] 3,916,747 2,870,394 2,163,757
Foreign exchange gain on Cash and cash equivalents 6,687,668 225,006 [1] 176,765 [1]
Monetary results effect on Cash and cash equivalents (4,074,043) (797,850) [1] (699,302) [1]
Cash and cash equivalents at the end of the year $ 16,644,827 $ 3,916,747 [1] $ 2,870,394 [1]
[1] The Company has applied IFRS 15 and IFRS 9 for the first time on January 1, 2018. In accordance with the transition methods chosen, the comparative information has not been modified. See Note 4.a)
[2] The weighted average of the number of shares considers the effect of the weighted average of the changes originated in the transactions with treasury shares made during the year.