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BASIS OF PREPARATION OF THESE CONSOLIDATED FINANCIAL STATEMENTS (Tables) | 12 Months Ended
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Dec. 31, 2019
Corporate Information And Statement Of IFRS Compliance [Abstract] |
Summary of Lease Liabilities Recognised |
Operating lease commitments disclosed as at December 31, 2018 |  | 55,222 |
Discounted using the lessee's incremental borrowing rate of at the date of initial application |  | 46,887 |
Lease liability recognised as at January 1, 2019 |  | 46,887 |
Lease liabilities |  |  |  |  |  |
January 1, 2019 |  | 46,887 |  |  |  |  |
Additions (1) |  | 23,590 |  |  |  |  |
Additions from business combinations (note 25.12) |  | 3,347 |  |  |  |  |
Foreign exchange difference (1) |  | (92 | ) |  |  |  |
Interest expense (1) |  | 3,464 |  |  |  |  |
Payments (2) |  | (15,833 | ) |  |  |  |
December 31, 2019 |  | 61,363 |  |  |  |  |
(1) Non-cash transactions. (2) Cash transactions.
Disclosure of effect of adoption of IFRS 16 | The effect of adoption IFRS 16 as at January 1, 2019 (increase/(decrease)) is as follows:
Assets |  |
Right-of-use assets |  | 46,567 |
Prepayments |  | (1,652 | )
Liabilities |  |
Lease liabilities |  | 46,887 |
Total adjustment on equity: |  |
Retained earnings |  | (1,972 | )
Disclosure of subsidiaries | Detailed below are the subsidiaries of the Company whose financial statement line items have been included in these consolidated financial statements.
Company | Country | Main | Percentage ownership
| of | Activity | As of December 31,
| incorporation |  | 2019 | 2018 | 2017
Sistemas UK Limited | United Kingdom | Customer referral services and software development support and consultancy | 100.00 | % | 100.00 | % | 100.00 | %
Globant, LLC | United States of America | Customer referral services and software development support and consultancy | 100.00 | % | 100.00 | % | 100.00 | %
Sistemas Colombia S.A.S. | Colombia | Software development and consultancy | 100.00 | % | 100.00 | % | 100.00 | %
Global Systems Outsourcing S. de R.L. de C.V. | Mexico | Software development and consultancy | 100.00 | % | 100.00 | % | 100.00 | %
Software Product Creation S.L. | Spain | Holding, investment, software development and consultancy | 100.00 | % | 100.00 | % | 100.00 | %
Globant España S.A. (sociedad unipersonal) | Spain | Holding and investment activities | 100.00 | % | 100.00 | % | 100.00 | %
Sistemas Globales Uruguay S.A. | Uruguay | Software development and consultancy | 100.00 | % | 100.00 | % | 100.00 | %
Sistemas Globales S.A. | Argentina | Software development and consultancy | 100.00 | % | 100.00 | % | 100.00 | %
IAFH Global S.A. | Argentina | Software development and consultancy | 100.00 | % | 100.00 | % | 100.00 | %
Sistemas Globales Chile Asesorías Limitada | Chile | Software development and consultancy | 100.00 | % | 100.00 | % | 100.00 | %
Globers S.A. | Argentina | Travel organization services | 100.00 | % | 100.00 | % | 100.00 | %
Globant Brasil Consultoria Ltda. | Brazil | Software development and consultancy | 100.00 | % | 100.00 | % | 100.00 | %
Huddle Group S.A. (1) | Argentina | Software development and consultancy | - | - | 100.00 | %
Globant Peru S.A.C. | Peru | Software development and consultancy | 100.00 | % | 100.00 | % | 100.00 | %
Globant India Private Limited | India | Software development and consultancy | 100.00 | % | 100.00 | % | 100.00 | %
Dynaflows S.A. (2) | Argentina | Software development and consultancy | 100.00 | % | 100.00 | % | 66.73 | %
We Are London Limited | United Kingdom | Service design consultancy | 100.00 | % | 100.00 | % | 100.00 | %
Company | Country | Main | Percentage ownership
| of | Activity | As of December 31,
| incorporation |  | 2019 | 2018 | 2017
Difier S.A. | Uruguay | Software development and consultancy | 100.00 | % | 100.00 | % | 100.00 | %
Globant Bel LLC | Belarus | Software development and consultancy | 100.00 | % | 100.00 | % | -
Globant Canada Corp. | Canada | Software development and consultancy | 100.00 | % | 100.00 | % | 100.00 | %
Globant France S.A.S. | France | Software development and consultancy | 100.00 | % | 100.00 | % | -
Small Footprint S.R.L. | Romania | Software development and consultancy | 100.00 | % | 100.00 | % | -
Globant Ventures S.A.S. (3) | Argentina | Holding and investment activities | 100.00 | % | 100.00 | % | -
Software Product Creation SL Dubai Branch (4) | United Arab Emirates | Software development and consultancy | 100.00 | % | - | -
Avanxo (Bermuda) Limited (5) | Bermuda | Holding, investment activities and software development | 100.00 | % | - | -
Avanxo México Sociedad Anónima Promotora de inversión de Capital Variable (5) | Mexico | Cloud consulting and implementation services | 100.00 | % | - | -
Avanxo Servicios S.A. de C.V. (5) | Mexico | Cloud consulting and implementation services | 100.00 | % | - | -
Avanxo Brasil Tecnología da Informacao LTDA (5) | Brasil | Cloud consulting and implementation services | 100.00 | % | - | -
Orizonta Consutoria De Negocios E Tecnologia LTDA (5) | Brasil | Cloud consulting and implementation services | 100.00 | % | - | -
Avanxo S.A. (5) | Argentina | Cloud consulting and implementation services | 100.00 | % | - | -
Avanxo - Sucursal del Perú (5) | Perú | Cloud consulting and implementation services | 100.00 | % | - | -
Avanxo Colombia (5) | Colombia | Cloud consulting and implementation services | 100.00 | % | - | -
Belatrix Global Corporation S.A. (6) | Spain | Holding and investment activities | 100.00 | % | - | -
BSF S.A. (6) | Argentina | Agile product development services | 100.00 | % | - | -
Belatrix Peru SAC (6) | Peru | Agile product development services | 100.00 | % | - | -
Belatrix Colombia SAS (6) | Colombia | Agile product development services | 100.00 | % | - | -
Belatrix Service Corp (6) | United States Of America | Agile product development services | 100.00 | % | - | -
(1) | On December 31, 2017, Huddle Group S.A. was merged into Sistemas Globales S.A. (currently under registration).
(2) | On October 26, 2018, the sellers exercised the put option on the non-controlling interest of Dynaflows (see note 25.2).
(3) | Globant Ventures S.A.S was registered on January 17, 2019.
(4) | Software Product Creation SL Dubai Branch obtained its definitive professional license on February 21, 2019.
(5) | Avanxo (Bermuda) Limited along with its subsidiaries in Brazil, Mexico, Colombia, Peru, Argentina and the United States ("Avanxo Group") were acquired on February 1, 2019 (see note 25.8).
(6) | Belatrix Global Corporation S.A along with its subsidiaries in Peru, Colombia, Spain, the United States and Argentina ("Belatrix Group") were acquired on August 9, 2019 (see note 25.9).

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- Definition The explanation of the difference between: (a) operating lease commitments disclosed applying IAS 17 at the end of the annual reporting period immediately preceding the date of initial application of IFRS 16, discounted using the incremental borrowing rate at the date of initial application; and (b) lease liabilities recognised in the statement of financial position at the date of initial application of IFRS 16. The incremental borrowing rate is the rate of interest that a lessee would have to pay to borrow over a similar term, and with a similar security, the funds necessary to obtain an asset of a similar value to the right-of-use asset in a similar economic environment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2019-01-01 -Paragraph C12 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2019-en-r&anchor=para_C12_b&doctype=Appendix&subtype=C -URIDate 2019-03-27 + Details
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