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SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2022
SIGNIFICANT ACCOUNTING POLICIES |
Schedule of purchase consideration, the net assets acquired and goodwill | Details of the purchase consideration, the net assets acquired and goodwill in millions are as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | (In current |  | (In current
​ | ​ | currency as of | ​ | currency as of
Purchase consideration | ​ | June 1, 2022) | ​ | December 31, 2022)
Cash Paid |  | 284 |  | 407
Remaining balance |  | 426 |  | 609
Indemnification assets |  | (63) |  | (90)
Total |  | 647 |  | 926
​ The assets and liabilities in millions recognized as a result of the acquisition are as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | (In current currency as of June 1, 2022) |  | (In current currency as of December 31, 2022)
Cash and cash equivalents |  | 1 |  | 2
Trade receivables |  | 45 |  | 68
PP&E (2) |  | 397 |  | 598
Intangible assets (1) |  | 291 |  | 438
Right of use assets |  | 26 |  | 40
Leases liabilities |  | (24) |  | (36)
Trade payables |  | (43) |  | (65)
Other taxes payables |  | (33) |  | (50)
Other assets / liabilities, net |  | (204) |  | (357)
Net identifiable assets acquired |  | 456 |  | 638
Goodwill |  | 191 |  | 288
Total |  | 647 |  | 926
(1) | Correspond to the Brand and Customer Relationship, which were calculated using the “income approach”, the “Relief from Royalty” methodology and the “Multiperiod Excess Earnings Method”.
(2) | The fair values of PP&E were calculated using the “cost approach”, which consists of the new replacement cost of the identified assets adjusted for physical deterioration, functional and economic obsolescence.
Schedule of depreciation and estimated useful lives of property, plant and equipment | ​
​ | ​ | ​
​ |  | Estimated Useful Life (in years)
Real Estate |  | 5 - 50
Fixed Network and Transportation | ​ | 4 - 20
Mobile Network Access |  | 3 – 7
Tower and Pole |  | 10 – 20
Switching Equipment |  | 2 – 7
Computer Equipment |  | 3 – 5
Vehicles |  | 5
Goods lent to customers at no cost |  | 2 – 4
Power Equipment and Installations |  | 2 – 12
Machinery, diverse equipment and tools |  | 5 – 10
​
Schedule of impairment recognized by concept | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ | 2022 | ​ | 2021 | ​ | 2020
​ | ​ | Gain (loss)
Return of radioelectric spectrum (See Note 2.e.i) |  | (2,675) |  | — |  | —
Brands Cablevisión and Fibertel (a) |  | — |  | (873) |  | —
Assets classified as held for sale (See Note 3.j) |  | (1,775) |  | — |  | —
Telecom Goodwill (See Note 3.v.1) |  | (243,900) |  | — |  | —
Goodwill allocated to subsidiaries |  | (64) |  | (1,299) |  | —
Others (b) |  | 2,279 |  | (329) |  | (1,106)
Total |  | (246,135) |  | (2,501) |  | (1,106)
| a) | As a result of the Company’s decision to discontinue the use of those brands, unifying all the customers of those services under the brands Flow and Personal in order to simplify the brand portfolio and to consolidate a new visual identity as an institution itself and of its products and services.
| b) | In 2022, it includes recoveries of provisions for $2,175 related to works in progress that were completed during the current fiscal year.
Schedule of assumptions used in determining expense and benefit obligations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020 |
Discount Rate (1) |  | 6.0% - 11.6 | % | 6.1% - 11.8 | % | 6.3% - 12.7 | %
Projected increase rate in compensation |  | 52.0% - 83.1 | % | 23.0% - 51.8 | % | 22.1% - 50.9 | %
1) | Represents real discount rates.
Schedule of new standards and interpretations issued by the IASB applied by the company | The Company has applied the following new standards and amendments for the first time from January 1, 2022:
Standards and amendments |  | Description |  | Mandatory application date for years beginning on or after |
Amendments to IAS 37 | ​ | Onerous contracts – Cost of fulfilling a contract | ​ | January 1, 2022 | ​
Amendments to IFRS 3 | ​ | Reference to the Conceptual Framework | ​ | January 1, 2022 | ​
Amendments to IAS 16 | ​ | PP&E – Proceeds before intended use | ​ | January 1, 2022 | ​
Amendments to IFRS 9 and IFRS 16 | ​ | Annual Improvements – 2018 to 2020 Cycle | ​ | January 1, 2022 | ​
​
Schedule of new standards and interpretations issued by the IASB not in force | As of the date to prepare these consolidated financial statements, the Company has not applied the following new standards and amendments to the existing ones which application is mandatory for periods beginning after December 31, 2022. ​
|  | ​ |  |  |
Standards and amendments |  | Description |  | Mandatory application date for years beginning on or after |
Amendments to IAS 1 | ​ | Classification of liabilities as current or non-current | ​ | January 1, 2024 | ​
Amendments to IAS 1 | ​ | Information relating to material accounting policies | ​ | January 1, 2023 | ​
Amendments to IAS 8 | ​ | Definition of accounting estimate | ​ | January 1, 2023 | ​
Amendments to IAS 12 | ​ | Deferred tax – recognition of assets and liabilities arising from a single transaction | ​ | January 1, 2023 | ​
Amendments to IFRS 16 | ​ | Measurement of the lease liability in a sale and leaseback transaction | ​ | January 1, 2024 | ​
Amendments to IAS 1 | ​ | Classification of liabilities as current and non-current exposed to covenants | ​ | January 1, 2024 | ​
​

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