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Additional Disclosures in the Statement Of Cash Flows

12 Months Ended

Dec. 31, 2020

Additional Disclosures in the Statement Of Cash Flows

39.	ADDITIONAL DISCLOSURES IN THE STATEMENT OF CASH FLOWS

The statement of cash flows presents the changes in cash and cash equivalents derived from operating activities, investing activities and financing activities during the fiscal year. For the preparation of the statement of cash flows, the Bank adopted the indirect method for operating activities and the direct method for investment activities and financing activities.

The Bank considers as “Cash and cash equivalents” the item Cash and deposits in banks and those financial assets that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

For the preparation of the statement of cash flows the Bank considered the following:

•

Operating activities: the normal revenue-producing activities of the Bank as well as other activities that cannot qualify as investing or financing activities.

•

Investing activities: the acquisition, sale and disposal by other means of long-term assets and other investments not included in cash and cash equivalents.

•

Financing activities: activities that result in changes in the size and composition of the shareholders’ equity and liabilities of the Bank and that are not part of the operating or investing activities.

The table below presents the reconciliation between the item “Cash and cash equivalents” in the consolidated statement of cash flows and the relevant accounting items of the statement of financial position:


	12/31/2020		12/31/2019		12/31/2018
Cash and deposits in banks		129,967,486		137,066,430		156,581,272
Other debt securities		133,216,534		63,184,467		116,598,543
Loans and other financing		420,725		407,707		395,908

		263,604,745		200,658,604		273,575,723

The following table shows additional information on operational cash flows interest:


	12/31/2020			12/31/2019			12/31/2018
Interest paid		(37,603,924	)		(98,212,186	)		(49,046,442	)
Interest collected		154,361,748			194,953,457			155,601,438

The following table shows further information of changes in liabilities arising from financing activities for the year ended December 31, 2020 (lease liabilities changes are disclosed in note 13):


	Financing received from the Central Bank of Argentina and other financial entities			Issued Corporate Bonds			Subordinated Corporate Bonds
Opening balance		3,057,451			7,521,820			33,098,040
Cash flow items
Proceeds		76
Payments		(2,048,327	)		(2,114,046	)		(2,246,089	)
Non-cash flow items
Movement in accrued interest		55,388			1,547,872			2,397,775
Derecognition or substantial modification of financial liabilities					(209,458	)		29,427
Difference in quoted prices of foreign currency		308,697						11,435,578
Monetary effects		(454,182	)		(1,819,287	)		(10,414,439	)

Ending balance		919,103			4,926,901			34,300,292