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BUSINESS COMBINATIONS (Tables) | 12 Months Ended
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Dec. 31, 2019
Business Combinations1 [Abstract] |
Disclosure of detailed information about business combinations | The fair value of the consideration transferred for PointSource acquisition was calculated as follows:
Purchase price at acquisition date |  | Amount |
Down payment |  | 15,500 |  |
Working capital adjustment |  | 3,756 |  |
Contingent consideration |  | 9,373 |  | (a)
Total consideration |  | 28,629 |  |
(a) | As of December 31, 2019 included 1,086 as Other financial liabilities current. As of December 31, 2018, included 746 and 1,040 as Other financial liabilities current and non-current, respectively.
The consideration transferred for Dynaflows acquisition was calculated as follows:
Purchase price |  | Amount |  |  |
Down payment |  | 1,402 |  |  |
Installment payment |  | 414 |  |  |
Total consideration |  | 1,816 |  |  | (a)
(a) | As of December 31, 2019 and 2018 the consideration was fully settled.
The fair value of the consideration transferred for L4 acquisition at the acquisition date was calculated as follows:
Purchase price |  | Amount |  |
Down payment |  | 11,000 |  |  |
Working capital adjustment |  | 817 |  |  | (a)
Contingent consideration |  | 8,571 |  |  | (a)
Total consideration |  | 20,388 |  |  |
(a) As of December 31, 2019 and 2018 the fair value of the contingent consideration was zero. The fair value of the consideration transferred for Small Footprint acquisition at the acquisition date was calculated as follows:
Purchase price at acquisition date |  | Amount |
Down payment |  | 3,840 |  |
Working capital adjustment |  | 488 |  |
Contingent consideration |  | 3,029 |  | (a)
Total consideration |  | 7,357 |  |
(a) As of December 31, 2018, included 3,070 as other financial liabilities current. As of December 31, 2019 and 2018, the fair values of the assets acquired, liabilities assumed and goodwill, and the preliminary fair values of the assets acquired and goodwill of BI Live determined at the date of acquisition in the business combinations are as follows:
|  | 2019 acquisitions |  | 2018 acquisitions
|  | Avanxo |  | Belatrix |  | BI Live |  | Small Footprint
Current Assets |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | 2,749 |  |  | 3,929 |  |  | — |  |  | 191 |
Investments |  | 948 |  |  | 86 |  |  | — |  |  | — |
Trade receivables |  | 6,931 |  |  | 6,125 |  |  | 56 |  |  | 1,066 |
Other receivables |  | 3,624 |  |  | 1,119 |  |  | — |  |  | 45 |
Other assets |  | 11,015 |  |  | — |  |  | — |  |  | — |
Non current assets |  |  |  |  |  |  |  |
Other receivables |  | — |  |  | 206 |  |  | — |  |  | — |
Property and equipment |  | 500 |  |  | 3,181 |  |  | — |  |  | 48 |
Intangibles |  | 6,104 |  |  | 8,285 |  |  | — |  |  | 173 |
Right-of-use asset |  | — |  |  | 3,272 |  |  | — |  |  | — |
Deferred tax |  | — |  |  | 184 |  |  | — |  |  | — |
Goodwill (1) |  | 32,068 |  |  | 50,816 |  |  | 822 |  |  | 6,244 |
Current liabilities |  |  |  |  |  |  |  |
Trade and other payables |  | (14,123 | ) |  | (3,195 | ) |  | — |  |  | — |
Lease liabilities |  | — |  |  | (3,347 | ) |  | — |  |  | — |
Tax liabilities |  | (2,649 | ) |  | (1,138 | ) |  | — |  |  | — |
Payroll and social security |  | (1,582 | ) |  | (3,224 | ) |  | — |  |  | — |
Other liabilities |  | — |  |  | (20 | ) |  | — |  |  | (410 | )
Borrowings |  | (644 | ) |  | (646 | ) |  | — |  |  | — |
Deferred tax liabilities |  | (639 | ) |  | — |  |  | — |  |  | — |
Total consideration |  | 44,302 |  |  | 65,633 |  |  | 878 |  |  | 7,357 |
(1) | As of December 31, 2019 and 2018, 83,706 and 6,244, are not deductible for tax purposes, respectively.
The fair value of the consideration transferred for Belatrix acquisition at the acquisition date was calculated as follows:
Purchase price |  | Amount |
Down payment |  | 61,468 |  |
Contingent consideration |  | 4,165 |  | (a)
Total consideration |  | 65,633 |  |
(a) As of December 31, 2019 included 4,221 as Other financial liabilities current. The fair value of the consideration transferred for WAE acquisition at the acquisition date was calculated as follows:
Purchase price |  | Amount |  |
Down payment |  | 8,500 |  |  |
Working capital adjustment |  | 1,352 |  |  |
Installment payment |  | 551 |  |  | (a)
Contingent consideration |  | 9,448 |  |  | (a)
Total consideration |  | 19,851 |  |  |
(a) As of December 31, 2019 and 2018, the consideration was fully settled. The consideration transferred for Globant India acquisition was calculated as follows:
Purchase price |  | Amount |  |
Down payment |  | 9,324 |  |  |
Installment payment |  | 2,483 |  |  | (a)
Contingent consideration |  | 8,377 |  |  | (a)
Total consideration |  | 20,184 |  |  |
(a) | As of December 31, 2019 and 2018 included 1,580 and 3,127 as Other financial liabilities current, respectively, and as of December 31, 2018 included 1,527 as Other financial liabilities non-current.
The fair value of the consideration transferred for Ratio acquisition was calculated as follows:
Purchase price at acquisition date |  | Amount |
Down payment |  | 5,800 |  |
Working capital adjustment |  | (97 | ) |
Contingent consideration |  | 3,826 |  | (a)
Total consideration |  | 9,529 |  |
(a) | As of December 31, 2019 includes 903 as Other financial liabilities current. As of December 31, 2018 included 1,992 and 851 as Other financial liabilities current and non-current, respectively.
The fair value of the consideration transferred for Avanxo acquisition at the acquisition date was calculated as follows:
Purchase price |  | Amount |
Down payment |  | 42,144 |  |
Contingent consideration |  | 2,158 |  | (a)
Total consideration |  | 44,302 |  |
(a) As of December 31, 2019 included as 1,147 and 1,102 as Other financial liabilities current and non-current, respectively. The preliminary fair value of the consideration transfer for BI Live acquisition at the acquisition date was calculated as follows:
Purchase price |  | Amount |
Down payment |  | 366 |  |
Contingent consideration |  | 512 |  | (a)
Total consideration |  | 878 |  |
(a) As of December 31, 2019 includes 515 as Other financial liabilities non-current.
Disclosure of financial liabilities | Outstanding balances of financial liabilities related to the above mentioned acquisitions as of December 31, 2019 and 2018 are as follows:
|  | As of December 31, 2019 |  | As of December 31, 2018
|  | Other financial liabilities - current |  | Other financial liabilities - non current |  | Other financial liabilities - current |  | Other financial liabilities - non current
Clarice |  | 1,580 |  |  | — |  |  | 3,127 |  |  | 1,527 |
Subscription agreement |  | — |  |  | — |  |  | 400 |  |  | — |
Ratio |  | 903 |  |  | — |  |  | 1,992 |  |  | 851 |
PointSource |  | 1,086 |  |  | — |  |  | 746 |  |  | 1,040 |
Small Footprint |  | — |  |  | — |  |  | 3,070 |  |  | — |
Avanxo |  | 1,147 |  |  | 1,102 |  |  | — |  |  | — |
Belatrix |  | 4,221 |  |  | — |  |  | — |  |  | — |
BI Live |  | — |  |  | 515 |  |  | — |  |  | — |
Total |  | 8,937 |  |  | 1,617 |  |  | 9,335 |  |  | 3,418 |
|  | As of December 31, 2019
|  | FVTPL | FVTOCI | Amortised cost
Financial assets |  |  |  |
Cash and cash equivalents |  | — |  | — |  | 62,721 |
Investments |  |  |  |
Mutual funds |  | 19,384 |  | — |  | — |
LETEs |  | — |  | 396 |  | — |
Contribution to risk funds |  | — |  | — |  | 418 |
Trade receivables |  | — |  | — |  | 156,676 |
Other assets |  | — |  | — |  | 21,235 |
Other receivables |  | — |  | — |  | 28,118 |
Other financial assets |  |  |  |
Convertible notes |  | 3,536 |  | — |  | — |
Foreign exchange forward contracts |  | 1,220 |  | 71 |  | — |
Guarantee payments related to the future lease of a property under construction |  | — |  | — |  | 1,383 |
|  | As of December 31, 2019
|  | FVTPL | FVTOCI | Amortised cost
Financial liabilities |  |  |  |
Trade payables |  | — |  | — |  | 36,987 |
Payroll and social security taxes payable |  | — |  | — |  | 72,252 |
Borrowings |  | — |  | — |  | 51,386 |
Other financial liabilities |  |  |  |
Other financial liabilities related to business combinations |  | 10,554 |  | — |  | — |
Lease liabilities |  | 61,363 |  | — |  | — |
Tax liabilities |  | — |  | — |  | 12,510 |
Other liabilities |  | — |  | — |  | 368 |
|  | As of December 31, 2018
|  | FVTPL | FVTOCI | Amortised cost
Financial assets |  |  |  |
Cash and cash equivalents |  | — |  | — |  | 77,606 |
Investments |  |  |  |
Mutual funds |  | 4,050 |  | — |  | — |
LETEs |  | — |  | 1,015 |  | — |
T-Bills |  | — |  | 3,493 |  | — |
LECAPs |  | — |  | 77 |  | — |
Contribution to risk funds |  | — |  | — |  | 527 |
Trade receivables |  | — |  | — |  | 110,898 |
Other receivables |  | — |  | — |  | 49,538 |
Other financial assets |  |  |  |
Convertible notes |  | 106 |  | — |  | — |
Foreign exchange forward contracts |  | 44 |  | — |  | — |
Other financial asset related to the acquisition of Clarice |  | 400 |  | — |  | — |
Guarantee payments related to the future lease of a property under construction |  | — |  | — |  | 345 |
Financial liabilities |  |  |  |
Trade payables |  | — |  | — |  | 17,578 |
Payroll and social security taxes payable |  | — |  | — |  | 58,535 |
Other financial liabilities |  |  |  |
Foreign exchange forward contracts |  | 12 |  | — |  | — |
Other financial liabilities related to business combinations |  | 12,753 |  | — |  | — |
Tax liabilities |  | — |  | — |  | 7,399 |
Other liabilities |  | — |  | — |  | 44 |
Disclosure of reconciliation of changes in goodwill | A reconciliation of the goodwill from opening to closing balances is as follows:
|  | As of December 31,
|  | 2019 |  | 2018
Cost |  |  |  |  |  |
Balance at beginning of year |  | 104,846 |  |  | 98,926 |
Additions related to new acquisitions (note 25.12) |  | 83,706 |  |  | 6,244 |
Translation |  | (14 | ) |  | (324 | )
Balance at end of year |  | 188,538 |  |  | 104,846 |

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