XML 55 R6.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENT OF CASH FLOWS - ARS ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Income for the year before income tax $ 25,798,179 $ 14,844,212 $ 35,506,085
Adjustments to reconcile income for the year before income tax to net cash flows:      
Depreciation of property, plant and equipment 15,490,504 14,877,607 10,645,650
Amortization of intangible assets 3,960,776 5,987,461 6,863,399
Impairment of property, plant and equipment and intangible assets 14,023,567 15,125,724 11,808,900
Income from sale of property, plant and equipment (19,895) (204,872) 0
(Recovery) discount of tax credits (262,851) (461,132) 88,777
Interest earned from customers (6,652,029) (7,033,279) (9,136,975)
Trade and tax interests lost 0 1,216,353 1,097,073
Finance income (25,538,201) (3,784,144) (15,171,037)
Finance expenses 43,453,085 34,702,805 65,558,937
Insurance recovery (1,340,565) 0 0
Share of the profit of associates (111,534) 1,099,611 (319,751)
Gain from bargain purchase (12,174,169) 0 0
Material and spare parts impairments 512,183 80,557 126,240
Share-based payments 0 0 4,919
Movements in provisions, and long-term employee benefit plan expense 343,869 596,406 397,688
Foreign exchange difference for trade receivables (27,321,040) (13,401,746) (32,202,239)
Loss on net monetary position 16,724,713 (1,749,119) (36,324,267)
Working capital adjustments:      
Decrease in trade and other receivables 10,039,168 7,109,567 42,649,769
Decrease (Increase) in other non-financial assets and inventories 3,390,807 (1,927,553) 1,003,257
Decrease in trade and other payables, other non-financial liabilities and liabilities from employee benefits (3,684,398) (13,424,597) (24,026,845)
Trade and tax interests paid 0 (1,216,353) (1,097,073)
Interest received from customers 5,789,844 6,862,365 9,149,087
Income tax paid (8,043,080) (8,583,682) (9,893,729)
Insurance recovery collected 1,259,255 0 0
Net cash flows provided by operating activities 55,638,188 50,716,191 56,727,865
Investing activities      
Purchase of property, plant and equipment and inventories (3,350,719) (10,464,290) (35,195,941)
Dividends received 281,082 273,038 414,528
Sale of property, plant and equipment 47,111 7,100,171 0
Acquisition of financial assets, net (17,851,944) (10,396,755) (16,049,922)
Acquisition of subsidiaries and associates, net of cash acquired (10,356,843) 0 0
Acquisition of owned shares (28,530) 0 0
Net cash flows used in investing activities (31,259,843) (13,487,836) (50,831,335)
Financing activities      
Bank and investment accounts overdrafts received (paid), net 2,106,210 (3,136,209) (2,067,268)
Loans paid (8,456,183) (25,114,239) (9,494,938)
Loans received 0 0 12,149,081
Direct financing and loans refinancing costs (285,267) (678,492) (951,103)
Interest and other financial costs paid (6,084,130) (8,177,416) (10,277,688)
Dividends paid (3,587,388) (229,439) (188,053)
Net cash flows used in financing activities (16,306,758) (37,335,795) (10,829,969)
Increase (Decrease) in cash and cash equivalents 8,071,587 (107,440) (4,933,439)
Exchange difference and other financial results 1,303,724 156,567 813,554
Monetary results effect on cash and cash equivalents (680,327) (319,778) (1,040,422)
Cash and cash equivalents, beginning balance 548,787 819,439 5,979,746
Cash and cash equivalents, ending balance $ 9,243,771 $ 548,787 $ 819,439