Analysis of changes in financing activities during the year

12 Months Ended

Dec. 31, 2023

23. Analysis of changes in financing activities during the year

The following chart provides a reconciliation between the opening and closing balances for the main liabilities arising from financing activities:


	2023			2022
Debt securities issued and lease liabilities
Opening balance		13,446,252			20,774,542
New borrowings		23,703,308			5,481,451
Debt payments		(565,420	)		(2,327,802	)
Payment of lease liabilities		(6,227,606	)		(6,673,616	)
Non-cash changes
Interests and adjustments accrued		24,125,317			16,029,079
Inflation effect on debt securities issued and lease liabilities		(18,156,311	)		(19,837,402	)

Closing balance		36,325,540			13,446,252