MERGER BETWEEN TELECOM ARGENTINA AND CABLEVISION (Tables)

12 Months Ended

Dec. 31, 2019


		Total consolidated
		identified assets
		net in current
		currency
ASSETS
Cash and cash equivalents		6,430
Trade receivables		18,481
Other current assets		15,451
Total current assets		40,362
Deferred income tax assets		5
Investments		6,041
Goodwill		135,488
Property, plant and equipment		142,511
Intangible assets		91,270
Other Non-current assets		978
Total non-current assets		376,293
TOTAL ASSETS		416,655
LIABILITIES
Total current liabilities		49,951
Deferred income tax liabilities		38,023
Other non-current liabilities		26,555
Total non-current liabilities		64,578
TOTAL LIABILITIES		114,529
Capital nominal value – Outstanding shares		954
Capital nominal value - Treasury shares		15
Inflation adjustment		61,612
Treasury shares acquisition cost		(2,761)
Contributed Surplus		195,901
Legal reserve		2,798
Special reserve for IFRS implementation		1,337
Voluntary reserve for capital investments		5,077
Reserve for future dividend payments		34,481
Retained earnings		(300)
Equity Attributable to Telecom Argentina		299,114
Non-controlling interest		3,012
TOTAL EQUITY		302,126
TOTAL LIABILITIES AND EQUITY		416,655


		Year ended
Impact of the purchase price allocation recognized in the consolidated results		December 31, 2018
Revenues		(46)
Operating costs without depreciation and amortization		(288)
Depreciation, amortization and impairment of fixed assets		(17,559)
Operating loss		(17,893)
Financial results, net		54
Loss before income tax benefit		(17,839)
Income tax benefit		5,352
Net loss for the year		(12,487)
Attributable to controlling Company		(12,375)
Non-controlling interest		(112)