40	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:

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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.

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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:


Reconciliation	12/31/2021		12/31/2020		12/31/2019
Cash and deposits in banks		172,332,578		196,175,043		206,890,307
Debt Securities at fair value through profit or loss		4,860
Other debt securities		137,080,714		201,079,212		95,371,666
Loans and other financing		513,750		635,049		615,400

Total		309,931,902		397,889,304		302,877,373

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


Composition	12/31/2021			12/31/2020			12/31/2019
Interest paid		(123,672,989	)		(56,759,974	)		(148,243,074	)
Interest collected		215,989,129			232,997,052			294,266,238

Total		92,316,140			176,237,078			146,023,164

The following table shows further information of changes in liabilities arising from financing activities for the year ended December 31, 2021 (lease liabilities changes are disclosed in note 22):


Composition	Financing received from the Central Bank of Argentina and other financial entities			Issued Corporate Bonds			Subordinated Corporate Bonds
Opening balance		1,387,310			7,436,745			51,773,419
Cash flow items
Proceeds
Payments		(794,081	)		(4,089,740	)		(3,013,961	)
Non-cash flow items
Movement in accrued interest		125,794			862,078			3,245,046
Derecognition or substantial modification of financial liabilities		(8,696	)		637,144			(192,864	)
Difference in quoted prices of foreign currency		121,698						9,513,420
Monetary effects		(394,299	)		(1,855,418	)		(19,350,891	)

Ending balance		437,726			2,990,809			41,974,169