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Note 28 - Analysis of Changes in Financing During the Year | 12 Months Ended
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Dec. 31, 2018
Analysis of Changes in Financing During the Year Abstract |
Disclosure of Analysis of Changes in Financing During the Year | 28. Analysis of changes in financing during the year The following chart provides a reconciliation between the opening and closing balances for liabilities arising from financing activities:
| December 31, 2018 | December 31, 2017
Debt securities issued |  |
Opening balance | 3,030,411 | 3,291,323
Capital inflows | 804,490 | 1,623,548
Capital outflows | (580,525) | (1,335,076)
Interests and adjustments accrued | 883,589 | 538,291
Interests paid | (796,607) | (564,244)
Inflation effect on debt securities issued | (867,668) | (523,431)
Closing balance | 2,473,690 | 3,030,411

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