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FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
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Dec. 31, 2022
FINANCIAL INSTRUMENTS |
Schedule of financial assets and financial liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Fair value | ​ | ​
​ | ​ | ​ |  | accounted |  | accounted |  | ​
​ | ​ | ​ | ​ | through | ​ | through other | ​ | ​
​ | ​ | Amortized | ​ | profit or | ​ | comprehensive | ​ | ​
As of December 31, 2022 |  | cost | ​ | loss | ​ | Income | ​ | Total
Assets | ​ |  | ​ | ​ | ​ |  | ​ |
Cash and cash equivalents | ​ | 31,971 | ​ | 8,081 | ​ | — | ​ | 40,052
Investments | ​ | — | ​ | 8,373 | ​ | — | ​ | 8,373
Trade receivables | ​ | 37,734 | ​ | — | ​ | — | ​ | 37,734
Other receivables | ​ | 1,794 | ​ | 2,450 | ​ | 318 | ​ | 4,562
Total | ​ | 71,499 | ​ | 18,904 | ​ | 318 | ​ | 90,721
Liabilities | ​ | ​ | ​ | ​ | ​ |  | ​ | ​
Trade payables | ​ | 89,576 | ​ | — | ​ | — | ​ | 89,576
Financial debt | ​ | 469,170 | ​ | 381 | ​ | (362) | ​ | 469,189
Leases liabilities | ​ | 28,897 | ​ | — | ​ | — | ​ | 28,897
Other Liabilities | ​ | 788 | ​ | 715 | ​ | — | ​ | 1,503
Total | ​ | 588,431 | ​ | 1,096 | ​ | (362) | ​ | 589,165
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Fair value | ​ | ​
​ |  | ​ |  | accounted |  | accounted |  | ​
​ | ​ | ​ | ​ | through | ​ | through other | ​ | ​
​ | ​ | Amortized | ​ | profit or | ​ | comprehensive | ​ | ​
As of December 31, 2021 | ​ | cost | ​ | loss | ​ | Income | ​ | Total
Assets | ​ |  | ​ |  | ​ |  | ​ |
Cash and cash equivalents | ​ | 32,615 | ​ | 6,050 | ​ | — | ​ | 38,665
Investments | ​ | — | ​ | 21,010 | ​ | — | ​ | 21,010
Trade receivables | ​ | 44,074 | ​ | — | ​ | — | ​ | 44,074
Other receivables | ​ | 1,866 | ​ | 3,730 | ​ | — | ​ | 5,596
Total | ​ | 78,555 | ​ | 30,790 | ​ | — | ​ | 109,345
Liabilities | ​ | ​ | ​ |  | ​ |  | ​ | ​
Trade payables | ​ | 98,034 | ​ | — | ​ | — | ​ | 98,034
Financial debt | ​ | 519,583 | ​ | 171 | ​ | 189 | ​ | 519,943
Leases liabilities | ​ | 36,846 | ​ | — | ​ | — | ​ | 36,846
Other Liabilities | ​ | 244 | ​ | — | ​ | — | ​ | 244
Total | ​ | 654,707 | ​ | 171 | ​ | 189 | ​ | 655,067
​
Schedule of gains and losses of financial instruments by category | Gains and losses by category – Year 2022 ​
​ | ​ | ​ | ​ | ​
​ |  | Net gain/(loss) |  | Of which interest
Financial assets at amortized cost | ​ | 5,826 | ​ | 4,565
Financial liabilities at amortized cost | ​ | 20,539 | ​ | (16,621)
Financial assets at fair value through profit or loss | ​ | (9,585) | ​ | (733)
Financial liabilities at amortized cost through profit or loss | ​ | (5,534) | ​ | —
Total | ​ | 11,246 | ​ | (12,789)
​ Gains and losses by category – Year 2021 ​
​ | ​ | ​ | ​ | ​
​ |  | Net gain/(loss) |  | Of which interest
Financial assets at amortized cost | ​ | 12,332 | ​ | 2,577
Financial liabilities at amortized cost | ​ | 51,186 | ​ | (43,116)
Financial assets at fair value through profit or loss | ​ | 1,377 | ​ | 183
Financial liabilities at fair value through profit or loss | ​ | (5,499) | ​ | —
Total | ​ | 59,396 | ​ | (40,356)
​ Gains and losses by category – Year 2020
​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Of which
​ | ​ | Net gain/(loss) | ​ | interest
Financial assets at amortized cost |  | 27,345 |  | 3,839
Financial liabilities at amortized cost |  | (88,555) |  | (53,677)
Financial assets at fair value through profit or loss |  | 1,032 |  | 1,141
Financial liabilities at fair value through profit or loss |  | (4,369) |  | —
Total |  | (64,547) |  | (48,697)
​
Schedule of financial assets and liabilities recognized at fair value and the level of hierarchy | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2022 |  | Level 1 |  | Level 2 |  | Total
Assets |  |  |  |  |  |
Current Assets |  |  |  |  |  |
Mutual Funds (1) (2) |  | 5,770 |  | — |  | 5,770
Government bonds (1) (2) |  | 13,099 |  | — |  | 13,099
Other receivables: DFI (3) |  | — |  | 117 |  | 117
Other receivables: Indemnification assets (4) |  | — |  | 35 |  | 35
Non-current Assets |  |  |  |  |  |
Other receivables: DFI (3) |  | — |  | 201 |  | 201
Total assets |  | 18,869 |  | 353 |  | 19,222
Liabilities |  |  |  |  |  |
Current Liabilities |  |  |  |  |  |
Other Liabilities |  | — |  | 197 |  | 197
Financial Debt: DFI |  | — |  | 19 |  | 19
Non-current Liabilities |  |  |  |  |  |
Other Liabilities |  | — |  | 518 |  | 518
Total liabilities |  | — |  | 734 |  | 734
​
​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2021 |  | Level 1 |  | Level 2 |  | Total
Assets |  |  |  |  |  |
Current Assets |  |  |  |  |  |
Mutual Funds (1) (2) |  | 9,943 |  | — |  | 9,943
Government bonds (1) (2) |  | 20,847 |  | — |  | 20,847
Total assets |  | 30,790 |  | — |  | 30,790
Liabilities |  |  |  |  |  |
Current Liabilities |  |  |  |  |  |
Financial debt: DFI (3) |  | — |  | 360 |  | 360
Total Liabilities |  | — |  | 360 |  | 360
(1) | The Mutuals funds are included in Cash and cash equivalents, Investments and Guarantee of financial operations included in Other receivables. The Government bonds are included in Cash and cash equivalents and Investments.
(2) | The fair value is based on information obtained from active markets and corresponds to quoted market prices as of year-end. A market in which transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis.
(3) | The fair value of financial instruments that are not negotiated in active markets is determined using valuation techniques. These valuation techniques maximize the use of market observable information, when available, and rely as little as possible on specific estimates of the Company. The techniques used for the measurement of financial instruments, are detailed below: a) DFI for forward purchases of US dollars and RMB, corresponds to the variation between the market prices at the end of the fiscal year and the time of agreement and; b) DFI interest rate swap corresponds to the present value of estimated future cash flows based on observable yield curves obtained in the market.
(4) | The fair value was determined by the variation between the quoted values of certain public securities in foreign currency and Argentine pesos.
Schedule of fair value of financial debt | As of December 31, 2022, fair value of financial debt is as follows:
​ | ​ | ​ | ​ | ​
​ |  | Carrying Value |  | Fair Value
​ | ​ | ​ | ​ | ​
Notes |  | 268,145 |  | 271,933
Other financial debts |  | 201,044 |  | 196,769
​ |  | 469,189 |  | 468,702
​ As of December 31, 2021, fair value of financial debt is as follows:
​ | ​ | ​ | ​ | ​
​ |  | Carrying Value |  | Fair Value
​ | ​ | ​ | ​ | ​
Notes |  | 273,889 |  | 269,572
Other financial debts |  | 246,054 |  | 227,109
​ |  | 519,943 |  | 496,681
​
Schedule of position of DFIs in the consolidated statements of financial position and amounts recognized in Consolidated Income Statements and Consolidated Statements of Comprehensive Income | ​
​ | ​ | ​ | ​ | ​
​ | As of December 31,
​ | ​ | 2022 | ​ | 2021
Other receivables current - DFI: SOFR |  | 117 |  | —
Other receivables non current - DFI: SOFR |  | 201 |  | —
Total asset |  | 318 |  | —
Financial debt current - DFI: Exchange rate |  | 19 |  | 39
Financial debt non current - DFI: LIBOR |  | — |  | 321
Total liabilities |  | 19 |  | 360
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Years ended December 31,
​ | ​ | 2022 | ​ | 2021 | ​ | 2020
​ | ​ | Profit (loss)
Foreign currency exchange effect on financial debts |  | (1,555) |  | (3,567) |  | (4,478)
Interests on financial debt |  | (147) |  | (736) |  | (863)
Financial results |  | (1,702) |  | (4,303) |  | (5,341)
DFI effects classified as hedges |  | 608 |  | 666 |  | (799)
Other comprehensive income (loss) |  | 608 |  | 666 |  | (799)
​
Schedule of offsetting of financial assets and financial liabilities in scope of IFRS 7 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31, 2022
​ | ​ | Trade | ​ | Other | ​ | ​ | ​ | Other
​ |  | receivables |  | receivables |  | Trade payables |  | liabilities
Current and noncurrent assets (liabilities) - Gross value |  | 40,171 |  | 5,018 |  | (92,013) |  | (1,959)
Offsetting |  | (2,437) |  | (456) |  | 2,437 |  | 456
Current and noncurrent assets (liabilities) – Carrying Value |  | 37,734 |  | 4,562 |  | (89,576) |  | (1,503)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31, 2021
​ | ​ | Trade | ​ | Other | ​ | ​ | ​ | Other
​ |  | receivables |  | receivables |  | Trade payables |  | liabilities
Current and noncurrent assets (liabilities) - Gross value |  | 47,504 |  | 6,266 |  | (101,464) |  | (914)
Offsetting |  | (3,430) |  | (670) |  | 3,430 |  | 670
Current and noncurrent assets (liabilities) – Carrying Value |  | 44,074 |  | 5,596 |  | (98,034) |  | (244)
​

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