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CASH AND CASH EQUIVALENTS AND INVESTMENTS. ADDITIONAL INFORMATION ON THE CONSOLIDATED STATEMENTS OF CASH FLOWS (Tables) | 12 Months Ended
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Dec. 31, 2021
CASH AND CASH EQUIVALENTS AND INVESTMENTS. ADDITIONAL INFORMATION ON THE CONSOLIDATED STATEMENTS OF CASH FLOWS |
Schedule of cash and cash equivalents and investments | ​
​ | ​ | ​ | ​ | ​
​ |  | As of December 31,
Cash and cash equivalents | ​ | 2021 | ​ | 2020
Cash and Banks |  | 13,161 |  | 7,012
Time deposits |  | 3,582 |  | 5,352
Mutual funds |  | 3,106 |  | 13,278
Government bonds at fair value |  | — |  | 2,323
Total cash and cash equivalents |  | 19,849 |  | 27,965
Investments |  |  |  |
Current |  |  |  |
Government bonds at fair value |  | 10,702 |  | 7,628
Government bonds at amortized cost |  | — |  | 190
Mutual funds |  | 84 |  | 106
Allowance for credit risk (a) | ​ | — | ​ | (120)
​ |  | 10,786 |  | 7,804
Non- current |  | ​ |  |
Government bonds at amortized cost |  | — |  | 516
Investments in associates (b) |  | 3,225 |  | 3,058
2003 Telecommunications Fund |  | 1 |  | 2
Allowance for credit risk (a) | ​ | — | ​ | (328)
​ | ​ | 3,226 | ​ | 3,248
Total investments |  | 14,012 |  | 11,052
​
| (a) | Constituted following the expected credit losses parameters provided by IFRS 9 as a consequence of a significant increase in these financial instruments’ credit risk.
| (b) | Information on Investments in associates is detailed below:
Schedule of financial position information of investments in associates | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | Percentage |  | ​ |  | ​
​ | ​ | ​ | ​ | ​ | ​ | of capital | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | stock owned | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | and | ​ | Valuation as | ​ | Valuation as
Companies | ​ | Main activity | Country | voting rights | ​ | of 12.31.2021 | ​ | of 12.31.2020
Ver TV. (1) | ​ | Cable television station | ​ | Argentina | ​ | 49.00 | ​ | 2,010 | ​ | 1,840
TSMA (1) (2) (3) |  | Cable television station |  | Argentina |  | 50.10 |  | 684 |  | 685
La Capital Cable (1) (2) |  | Closed-circuit television |  | Argentina |  | 50.00 |  | 531 |  | 525
Other minor investments in associates at equity method |  |  |  |  |  |  |  | — |  | 8
Total |  |  |  |  |  |  |  | 3,225 |  | 3,058
​
(1) | Data about the issuer arise from extra-accounting information.
(2) | Direct and indirect interest.
(3) | Despite owning a percentage higher than a 50% of interest, the Company does not have the control in accordance with the requirements of IFRS.
Schedule of earnings (losses) information in associates | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years ended December 31,
​ |  | 2021 |  | 2020 |  | 2019
Ver TV | ​ | 312 | ​ | 562 | ​ | (337)
TSMA |  | 77 |  | 166 |  | (89)
La Capital Cable |  | 6 |  | 21 |  | 41
Total |  | 395 |  | 749 |  | (385)
Summary of movements in the allowance of credit risk | Movements in the allowance of current credit risk are as follows: ​
​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2021 |  | 2020
At the beginning of the fiscal year | ​ | (120) | ​ | (131)
Additions – Exchange differences |  | (12) |  | (75)
Additions – Risk of doubtful government bonds results | ​ | — | ​ | (24)
Reclassifications | ​ | (75) | ​ | (759)
Uses (includes RECPAM) |  | 207 |  | 869
At the end of the year |  | — |  | (120)
​ Movements in the allowance of non-current credit risk are as follows: ​
​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2021 |  | 2020
At the beginning of the fiscal year |  | (328) |  | (2,012)
Additions – Exchange differences |  | (25) |  | (332)
Additions – Risk of doubtful government bonds results | ​ | — | ​ | (63)
Reclassifications | ​ | 75 | ​ | 759
Uses (includes RECPAM) |  | 278 |  | 1,320
At the end of the year |  | — |  | (328)
Schedule of changes in assets/liabilities components | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31,
Net (increase) decrease in assets |  | 2021 |  | 2020 |  | 2019
Trade receivables |  | (12,854) |  | (20,075) |  | (12,149)
Other receivables |  | (5,316) |  | (6,007) |  | (6,392)
Inventories |  | (391) |  | (1,943) |  | (1,971)
​ |  | (18,561) |  | (28,025) |  | (20,512)
Net increase (decrease) in liabilities |  |  |  |  |  |
Trade payables |  | 6,640 |  | 8,887 |  | (8,364)
Salaries and social security payables |  | 10,002 |  | 6,545 |  | 9,392
Other taxes payables |  | (2,656) |  | 3,467 |  | 4,509
Other liabilities and provisions |  | (4,545) |  | (3,771) |  | (89)
​ |  | 9,441 |  | 15,128 |  | 5,448
Schedule of main financing activities components | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ | ​ | 2021 | ​ | 2020 | ​ | 2019
Bank overdrafts | ​ | 10,156 | ​ | — | ​ | 16,490
Notes | ​ | 41,524 | ​ | 42,377 | ​ | 46,279
Bank and other financial entities loans |  | 11,060 |  | 37,478 |  | 55,430
Loans for purchase of equipment |  | 1,476 |  | 4,715 |  | 2,029
Total financial debt proceeds | ​ | 64,216 | ​ | 84,570 | ​ | 120,228
Bank overdrafts | ​ | — | ​ | (10,427) | ​ | (1)
Notes | ​ | (19,722) | ​ | (14,522) | ​ | (6,282)
Bank and other financial entities loans | ​ | (27,003) | ​ | (70,374) | ​ | (68,727)
Loans for purchase of equipment | ​ | (3,571) | ​ | (3,382) | ​ | —
Total payment of debt | ​ | (50,296) | ​ | (98,705) | ​ | (75,010)
Bank overdrafts | ​ | (3,198) | ​ | (5,988) | ​ | (1,993)
Notes | ​ | (10,601) | ​ | (8,605) | ​ | (2,320)
Bank and other financial entities loans |  | (10,280) |  | (13,642) |  | (14,640)
By DFI, purchase of equipment and others |  | (2,738) |  | (3,238) |  | 2,733
Total payment of interest and related expenses |  | (26,817) |  | (31,473) |  | (16,220)
Schedule of main non-cash operating transactions | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2021 |  | 2020 |  | 2019
PP&E and intangible assets acquisition financed with accounts payable | ​ | 20,609 | ​ | 29,663 | ​ | 31,580
Dividends payment with investments not considered as cash and cash equivalents | ​ | 40,020 | ​ | 38,809 | ​ | —
Accounts payable payment with CDB loan proceeds | ​ | 8,138 | ​ | 376 | ​ | —
Trade receivables offset with government bonds | ​ | 2,355 | ​ | 706 | ​ | —
Social security payables offset with government bonds | ​ | 1,316 | ​ | — | ​ | —
Other receivables offset with income tax liabilities | ​ | 73 | ​ | 39 | ​ | —
​
Summary of cash dividends from the Company, its subsidiaries and associates companies | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ |  | Cash Dividends Collected
​ | ​ | ​ | ​ | ​ | ​ | Current currency
​ | ​ | ​ | ​ | Currency of the | ​ | as of December 31,
Year |  | Company |  | transaction date |  | 2021
2021 | ​ | Ver TV | ​ | 109 | ​ | 153
​ | ​ | TSMA | ​ | 57 | ​ | 81
​ | ​ | ​ | ​ | 166 | ​ | (*) 234
2020 |  | Ver TV |  | 50 |  | 86
​ |  | TSMA |  | 21 |  | 35
​ | ​ | ​ |  | 71 |  | 121
2019 |  | Ver TV |  | 97 |  | 260
​ |  | TSMA |  | 41 |  | 108
​ |  | La Capital Cable |  | 5 |  | 12
​ | ​ | ​ |  | 143 |  | 380
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Distributed amount | ​ | ​ | ​ | Amount paid in
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Current currency | ​ | ​ | ​ | current currency
​ | ​ | ​ | ​ | ​ | ​ | Currency of the | ​ | as of December 31, | ​ | ​ | ​ | as of December
Year |  | Company |  | Distribution month |  | transaction date |  | 2021 |  | Payment month |  | 31, 2021
2021 | ​ | Núcleo | ​ | April 2021 | ​ | 650 | ​ | 834 | ​ | May 2021/ Oct 2021 | ​ | 744
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 834 | ​ | ​ | ​ | 744
2020 |  | Núcleo |  | April 2020 |  | 295 |  | 556 |  | May 2020/ Oct 2020 |  | 554
​ | ​ | ​ | ​ | ​ |  | ​ |  | 556 |  | ​ | ​ | 554
2019 |  | Telecom |  | April 2019 |  | 6,300 |  | 17,808 |  | May 2019 |  | 16,712
​ |  | Telecom |  | August 2019 |  | 7,045 |  | 17,126 |  | August 2019 |  | 17,126
​ |  | Telecom |  | October 2019 |  | 17,387 |  | 38,646 |  | October 2019 |  | 38,646
​ |  | Núcleo |  | April 2019 |  | 197 |  | 537 |  | May 2019 |  | 523
​ | ​ | ​ |  | ​ |  | ​ |  | 74,117 | ​ | ​ | ​ | 73,007

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