XML 28 R7.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - ARS ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flow from operating activities      
Profit before tax $ 18,102,889 $ 24,636,513 $ 5,794,181
Adjustments to obtain cash flows from operating activities: (28,528,319) (35,549,527) (48,058,804)
Depreciation and amortization 4,065,981 5,728,534 4,025,755
Net impairment loss of financial assets 11,864,861 21,445,415 8,029,553
Accrued interest (79,878,102) (94,312,427) (68,285,419)
Exchange rate (10,467,407) (35,013,137) (37,359,594)
Inflation effect on cash and cash equivalents balances 48,182,313 76,713,902 45,807,111
Gain on sale of Prisma Medios de Pagos S.A.   (5,202,018)  
Put option - Prisma Medios de Pagos S.A. (497,000) (932,562)  
Revaluation result - Prisma Medios de Pagos S.A. (3,368,893) (5,180,616)  
Other adjustments 1,569,928 1,203,382 (276,210)
Net (increases) decreases due to changes in operating assets: (138,325,293) 153,489,601 (8,532,455)
Financial assets at fair value through profit or loss (FVTPL) 6,221,639 8,785,344 1,815,751
Financial assets at amortized cost      
Other financial assets 3,457,216 10,730,843 (8,675,952)
Loans and advances to financial institutions (31,659,768) 106,187,787 17,776,894
Loans and advances to customers 70 (150) 35
Loans and advances to government sector (48,550,732) 26,562,031 (7,337,698)
Financial assets at fair value through other comprehensive income (58,660,867) (11,281,608) 591,993
Other assets (3,023,330) 604,209 (7,908,331)
Net increases (decreases) due to changes in operating liabilities: 75,007,094 (174,082,019) 91,973,119
Financial liabilities at amortized cost      
Deposits from financial institutions 618,750 (373,071) 112,762
Deposits from customers 76,805,004 (140,903,179) 62,242,659
Deposits from government sector 1,631,595 789,231 19,095
Repurchase agreements 331,035 (314,170) (852,528)
Financial liabilities at FVTPL (4,785,539) 692,951 3,623,686
Other financial liabilities 406,249 (33,973,781) 26,827,445
Income tax paid (16,263,579) (2,176,539) (2,845,567)
Interest received 121,249,917 148,915,406 109,187,613
Interest paid (41,382,661) (62,814,309) (44,678,126)
Total cash flows generated by/(used in) operating activities (10,139,952) 52,419,126 102,839,961
Cash flows from investing activities      
Payments: (3,326,215) (4,081,758) (4,155,026)
Purchase of property and equipment, intangible assets and other assets (3,147,268) (4,081,758) (3,983,253)
Loss of control of the subsidiary     (171,773)
Other payments related to investment activities (178,947)    
Collections: 622,862 5,224,748 2,425,877
Sale of equity instruments   3,392,851  
Sale of property and equipment, intangible assets and other assets     1,372,337
Cash and cash equivalents – Gain of control over subsidiaries   350,925  
Dividends received 622,862 1,480,972 1,053,540
Total cash flows (used in) / generated by investing activities (2,703,353) 1,142,990 (1,729,149)
Cash flows from financing activities      
Payments: (12,170,644) (13,880,505) (5,542,919)
Dividends (3,063,448) (5,040,938) (2,737,131)
Debt security payments - Capital (7,226,018) (4,383,423) (1,139,836)
Debt security payments - Interest (3,910,199) (3,362,337) (1,660,684)
BCRA     (5,268)
Payment of lease liabilities (1,034,427) (1,093,807)  
Collections: 2,035,900 7,197,400 2,204,470
Non controling interest capital contribution     595,589
Debt securities issued - Capital 2,035,900 7,195,559 1,608,881
BCRA   1,841  
Total cash flows (used in) / generated by financing activities (10,134,744) (6,683,105) (3,338,449)
Effect of exchange rate changes on cash and cash equivalents 10,467,407 35,013,137 37,359,594
Inflation effect on cash and cash equivalents (48,182,313) (76,713,902) (45,807,111)
Total changes in cash and cash equivalents (60,692,955) 5,178,246 89,324,846
Cash and cash equivalents at the beginning of the year (Note 8) 212,733,025 207,554,779 118,229,933
Cash and cash equivalents at the end of the year (Note 8) 152,040,070 212,733,025 207,554,779
Financial assets at amortized cost [member]      
Cash flow from operating activities      
Financial assets at fair value through profit or loss (FVTPL) $ (6,109,521) $ 11,901,145 $ (4,795,147)