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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - ARS ($)
$ in Millions
Equity attributable to Telecom Argentina (Controlling Company)
Outstanding shares, Capital nominal value
Outstanding shares, Inflation adjustment
Treasury shares, Capital nominal value
 [2]
Treasury shares, Inflation adjustment
 [2]
Treasury shares acquisition cost
 [2]
Legal reserve
Special reserve for IFRS implementation
Voluntary reserve for capital investments
 [2]
Voluntary reserve for future investments
Voluntary reserve for future dividends payments
Other comprehensive results
Cost of the increase of the share in controlled companies
Retained earnings
Equity attributable to non-controlling interest
Total
Balance at the beginning of the year at Dec. 31, 2014 $ 14,418 $ 969 [1] $ 2,646 $ 15 [1] $ 42 $ (461) $ 734 $ 351 $ 3,191 $ 2,904   $ 354   $ 3,673 $ 351 $ 14,769
Dividends from Nucleo [3]                             (47) (47)
Voluntary reserve for future dividends payments [4]                     $ 2,869     (2,869)    
Dividends [4] (804)                         (804)   (804)
Comprehensive income:                                
Net income for the year 3,403                         3,403 32 3,435
Other comprehensive income 177                     177     80 257
Total comprehensive income for the year 3,580                     177   3,403 112 3,692
Balance at the end of the year at Dec. 31, 2015 17,194 969 [1] 2,646 15 [1] 42 (461) 734 351 3,191 2,904 2,869 531   3,403 416 17,610
Voluntary reserve for future dividends payments [5]                     3,403     (3,403)    
Dividends [6] (2,000)                   (2,000)         (2,000)
Comprehensive income:                                
Net income for the year 3,975                         3,975 30 4,005
Other comprehensive income 167                     167     96 263
Total comprehensive income for the year 4,142                     167   3,975 126 4,268
Balance at the end of the year at Dec. 31, 2016 19,336 969 [1],[7] 2,646 15 [1],[7] 42 (461) 734 351 3,191 2,904 4,272 698   3,975 542 19,878
Dividends from Nucleo [8]                             (35) (35)
Voluntary reserve for future dividends payments [9]                 (2,730) $ (2,904) 9,609     (3,975)    
Increase of the share in Personal [10] (3)                       $ (3)     (3)
Tuve's Paraguay acquisition [11]                             63 63
Dividends [12] (4,151)                   (4,151)         (4,151)
Comprehensive income:                                
Net income for the year 7,630                         7,630 94 7,724
Other comprehensive income 274                     274     129 403
Total comprehensive income for the year 7,904                     274   7,630 223 8,127
Balance at the end of the year at Dec. 31, 2017 $ 23,086 $ 969 [7] $ 2,646 $ 15 [7] $ 42 $ (461) $ 734 $ 351 $ 461   $ 9,730 $ 972 $ (3) $ 7,630 $ 793 $ 23,879
[1] As of December 31, 2016, 2015 and 2014, total shares ( 984,380,978 ), of $1 argentine peso of nominal value each, were issued and fully paid. As of the same dates; 15,221,373 were treasury shares.
[2] Corresponds to 15,221,373 shares of $1 argentine peso of nominal value each, equivalent to 1.55% of total capital. The treasury shares acquisition costs amounted to 461. See Note 19 - Equity to these consolidated financial statements.
[3] As approved by the Ordinary Shareholders’ Meeting of Núcleo held on March 26, 2015 and the Board of Directors’ meeting of Núcleo held on December 17, 2015.
[4] As approved by the Company’s Ordinary Shareholders’ Meeting held on April 29, 2015.
[5] As approved by the Company's Ordinary Shareholders' Meeting held on April 29, 2016.
[6] As approved by the Company's Board of Directors' Meeting held on April 29, 2016.
[7] As of December 31, 2017 and 2016, total shares (984,380,978), of $1 argentine peso of nominal value each, were issued and fully paid. As of the same dates; 15,221,373 were treasury shares.
[8] As approved by the Ordinary Shareholders' Meeting of Núcleo held on March 28, 2017.
[9] As approved by the Company’s Ordinary and Extraordinary Shareholders’ Meeting held on April 27, 2017.
[10] See Note 3.u.
[11] See Note 3.e.
[12] As approved by the Company’s Board of Directors’ Meeting held on December 18, 2017. The amount in pesos is $ 4,150,312,272, which was rounded in this Consolidated Statement of changes in equity to be presented in millions of pesos to 4,151.