XML 78 R60.htm IDEA: XBRL DOCUMENT v3.25.0.1

FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2024

FINANCIAL INSTRUMENTS

Schedule of financial assets and financial liabilities

​

​	​	​	​	​	​	​	​	​
​	​	​	​	Fair value			​	​
​		​		accounted		accounted		​
​	​	​	​	through	​	through other	​	​
​	​	Amortized	​	profit or	​	comprehensive	​	​
As of December 31, 2024	​	cost	​	loss	​	income	​	Total
Assets	​		​	​	​		​
Cash and cash equivalents	​	226,727	​	91,592	​	—	​	318,319
Investments	​	20,632	​	12,952	​	—	​	33,584
Trade receivables	​	296,424	​	—	​	—	​	296,424
Other receivables	​	16,378	​	3,496	​	—	​	19,874
Total	​	560,161	​	108,040	​	—	​	668,201
Liabilities	​	​	​	​	​		​	​
Trade payables	​	461,163	​	—	​	—	​	461,163
Borrowings	​	2,878,004	​	—	​	—	​	2,878,004
Leases liabilities	​	212,976	​	—	​	—	​	212,976
Other liabilities	​	16,280	​	1,244	​	—	​	17,524
Total	​	3,568,423	​	1,244	​	—	​	3,569,667

​

​	​	​	​	​	​	​	​	​
​	​	​	Fair value				​	​
​		​		accounted		accounted		​
​	​	​	​	through	​	through other	​	​
​	​	Amortized	​	profit or	​	comprehensive	​	​
As of December 31, 2023	​	cost	​	loss	​	income	​	Total
Assets	​		​		​		​
Cash and cash equivalents	​	275,506	​	72,424	​	—	​	347,930
Investments	​	26,371	​	243,588	​	—	​	269,959
Trade receivables	​	289,887	​	—	​	—	​	289,887
Other receivables	​	47,067	​	22	​	4,326	​	51,415
Total	​	638,831	​	316,034	​	4,326	​	959,191
Liabilities	​	​	​	​	​	​	​	​
Trade payables	​	779,088	​	—	​	—	​	779,088
Borrowings	​	4,634,160	​	—	​	—	​	4,634,160
Leases liabilities	​	193,036	​	—	​	—	​	193,036
Other liabilities	​	31,240	​	3,469	​	—	​	34,709
Total	​	5,637,524	​	3,469	​	—	​	5,640,993

Schedule of gains and losses of financial instruments by category

Gains and losses by category – Year 2024

​

​	​	​	​	​
​		Net gain/(loss)		Of which interest
Financial assets at amortized cost	​	(36,276)	​	39,991
Financial liabilities at amortized cost	​	1,632,087	​	(133,540)
Financial assets at fair value through profit or loss	​	(45,409)	​	—
Financial liabilities at amortized cost through profit or loss	​	(407)	​	—
Total	​	1,549,995	​	(93,549)

​

Gains and losses by category – Year 2023

​

​	​	​	​	​
​		Net gain/(loss)		Of which interest
Financial assets at amortized cost	​	137,618	​	54,055
Financial liabilities at amortized cost	​	(1,650,848)	​	(48,217)
Financial assets at fair value through profit or loss	​	193,309	​	140,072
Financial liabilities at amortized cost through profit or loss	​	(67,803)	​	—
Total	​	(1,387,724)	​	145,910

​

Gains and losses by category – Year 2022

​

​	​	​	​	​
​		Net gain/(loss)		Of which interest
Financial assets at amortized cost		39,509		30,957
Financial liabilities at amortized cost		139,282		(112,712)
Financial assets at fair value through profit or loss		(64,998)		(4,972)
Financial liabilities at fair value through profit or loss		(37,527)		—
Total		76,266		(86,727)

​

Schedule of financial assets and liabilities recognized at fair value and the level of hierarchy

​

​	​	​	​	​	​	​
As of December 31, 2024		Level 1		Level 2		Total
Assets
Current Assets
Mutual Funds (1) (2)		93,158		—		93,158
Government bonds (1) (2)		11,386		—		11,386
Other receivables: Compensation received for company acquisitions (3)		—		1,079		1,079
Non-current Assets		​		​		​
Other receivables: Compensation received for company acquisitions (3)		—		2,417		2,417
Total assets		104,544		3,496		108,040
Liabilities
Current Liabilities
Other liabilities: Debt for acquisition of NYSSA (3)		—		643		643
Non-current Liabilities				​		​
Other liabilities: Debt for acquisition of NYSSA (3)		—		601		601
Total liabilities		—		1,244		1,244

​

​	​	​	​	​	​	​
As of December 31, 2023		Level 1		Level 2		Total
Assets
Current Assets
Mutual Funds (1) (2)		31,414		—		31,414
Government bonds (1) (2)		284,598		—		284,598
Other receivables: DFI (4)	​	—	​	3,374	​	3,374
Other receivables: Indemnification assets (3)	​	—	​	22	​	22
Non-current Assets		​		​		​
Other receivables: DFI (4)	​	—	​	952	​	952
Total assets	​	316,012	​	4,348	​	320,360
Liabilities		​		​		​
Current Liabilities		​		​		​
Other liabilities: Debt for acquisition of NYSSA (3)		—		1,235		1,235
Non-current Liabilities	​	​	​	​	​	​
Other liabilities: Debt for acquisition of NYSSA (3)	​	—	​	2,234	​	2,234
Total liabilities		—		3,469		3,469

(1) The Mutual funds are included in Cash and cash equivalentsand Investments. 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 was determined by the variation between the quoted values of certain public securities in foreign currency and Argentine pesos.

(4) 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.

Schedule of fair value of financial debt

As of December 31, 2024, fair value of borrowings is as follows:

​	​	​	​	​
​		Carrying Value		Fair Value
​	​	​	​	​
Notes		2,410,891		2,246,719
Other borrowings		467,113		468,133
​		2,878,004		2,714,852

​

As of December 31, 2023, fair value of borrowings is as follows:

​	​	​	​	​
​		Carrying Value		Fair Value
​	​	​	​	​
Notes		2,843,432		2,635,181
Other borrowings		1,790,728		1,804,274
​		4,634,160		4,439,455

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,
​	​	2024	​	2023
Other receivables current - DFI: SOFR		—		3,374
Other receivables non current - DFI: SOFR		—		952
Total assets		—		4,326

​

​	​	​	​	​	​	​
​	Years ended December 31,
​	​	2024	​	2023	​	2022
​	​	Profit (loss)
Foreign currency exchange effect		2,995		17,273		(10,544)
Interests on borrowings		(2,747)		(2,705)		(997)
Financial results		248		14,568		(11,541)
DFI effects classified as hedges		(5,913)		2,859		4,122
Other comprehensive income (loss)		(5,913)		2,859		4,122

Schedule of offsetting of financial assets and financial liabilities in scope of IFRS 7

​

​	​	​	​	​	​	​	​	​
​	​	As of December 31, 2024
​	​	Trade	​	Other	​	​	​	Other
​		receivables		receivables		Trade payables		liabilities
Current and noncurrent assets (liabilities) - Gross value		312,860		23,427		(477,599)		(21,077)
Offsetting		(16,436)		(3,553)		16,436		3,553
Current and noncurrent assets (liabilities) – Carrying Value		296,424		19,874		(461,163)		(17,524)

​

​	​	​	​	​	​	​	​	​
​	​	As of December 31, 2023
​	​	Trade	​	Other	​	​	​	Other
​		receivables		receivables		Trade payables		liabilities
Current and noncurrent assets (liabilities) - Gross value		305,745		53,314		(794,946)		(36,608)
Offsetting		(15,858)		(1,899)		15,858		1,899
Current and noncurrent assets (liabilities) – Carrying Value		289,887		51,415		(779,088)		(34,709)

​

X

- Definition

The disclosure of detailed information about financial instruments. [Refer: Classes of financial instruments [domain]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2024-01-01
-Paragraph 31
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_31&doctype=Standard
-URIDate 2024-03-27

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2024-01-01
-Paragraph 7
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_7&doctype=Standard
-URIDate 2024-03-27

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2024-01-01
-Paragraph 35K
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_35K&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of the fair value measurement of liabilities.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 13
-IssueDate 2024-01-01
-Paragraph 93
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2024-en-r&anchor=para_93&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	ifrs-full_DisclosureOfFinancialInstrumentsAbstract
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of the offsetting of financial assets and financial liabilities. [Refer: Financial assets; Financial liabilities]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2024-01-01
-Section Offsetting financial assets and financial liabilities
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IFRS07_g13A-13F_TI
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_DisclosureOfOffsettingOfFinancialAssetsAndFinancialLiabilitiesExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of detailed information about derivative hedges.

+ References

No definition available.

+ Details

Name:	teo_DisclosureOfDetailedInformationAboutDerivativeHedgesTextBlock
Namespace Prefix:	teo_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of financial assets and liabilities recognized at fair value and the level of hierarchy.

+ References

No definition available.

+ Details

Name:	teo_DisclosureOfFinancialAssetsAndLiabilitiesAtFairValueAndLevelOfHierarchyTableTextBlock
Namespace Prefix:	teo_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of gains and losses of financial instruments by category.

+ References

No definition available.

+ Details

Name:	teo_DisclosureOfGainsAndLossesOfFinancialInstrumentsByCategoryTableTextBlock
Namespace Prefix:	teo_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration