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FINANCIAL RESULTS, NET | 12 Months Ended
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Dec. 31, 2020
FINANCIAL RESULTS, NET |
FINANCIAL RESULTS, NET | NOTE 25 – FINANCIAL RESULTS, NET
|  | Years ended December 31,
|  | 2020 |  | 2019 |  | 2018
|  | Profit (loss)
Interests on financial debt (*) |  | (14,368) |  | (14,628) |  | (9,115)
Foreign currency exchange losses on financial debts (**) |  | (6,886) |  | (8,049) |  | (62,035)
Financial debt renegotiation results |  | (3,444) |  | — |  | —
Total Debt financial expenses |  | (24,698) |  | (22,677) |  | (71,150)
Gains (losses) on operations with notes and bonds (***) |  | 993 |  | (50) |  | 1,634
Risk of doubtful government bonds results |  | (58) |  | (3,497) |  | —
Other exchange differences |  | 4,937 |  | 9,937 |  | 2,937
Other interests, net and other investments results |  | (1,355) |  | 1,453 |  | 2,710
Other taxes and bank expenses |  | (2,730) |  | (2,960) |  | (3,447)
Financial expenses on pension benefits |  | (236) |  | (182) |  | (151)
Financial discounts on assets, debts and others |  | (94) |  | 380 |  | 32
RECPAM |  | 5,598 |  | 10,345 |  | 28,071
Total other financial results, net |  | 7,055 |  | 15,426 |  | 31,786
Total financial results, net |  | (17,643) |  | (7,251) |  | (39,364)
(*) Includes ($293), $82 and $13 corresponding to net (loss) gains generated by NDF in the years ended December 31, 2020, 2019 and 2018, respectively. (**) Includes ($1,523), $972 and $2,338 corresponding to net (loss) gains generated by NDF in the years ended December 31, 2020, 2019 and 2018, respectively. (***) Includes $666 corresponding to the result related to the decrease in financial assets at amortized cost in the year ended December 31, 2020. (****) Includes ($737) and ($693) corresponding to net losses generated by leases liabilities in the years ended December 31, 2020 and 2019, respectively.

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