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Statements of Cash Flows - ARS ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Profit for the year $ 4,297,466 $ 5,080,635 $ 240,771
Adjustments to reconcile net (loss) profit to net cash flows from operating activities:      
Depreciation of property, plants and equipments 2,561,499 2,148,089 2,147,241
Loss on disposals of property, plants and equipments 134,455 49,824 244,456
Net accrued interest 4,296,427 2,113,569 2,198,026
Exchange difference 2,629,966 564,056 911,819
Income tax 1,877,396 510,056 147,270
Allowance for the impairment of trade and other receivables, net of recovery 977,503 391,615 433,371
Adjustment to present value of receivables 327 431 (5,749)
Provision for contingencies 724,097 542,364 301,808
Changes in fair value of financial assets (703,123) (437,577) (891,773)
Accrual of benefit plans 112,208 169,454 194,232
Gain from interest in joint ventures (1,602) (10,052) (6)
Higher cost recognition - SEE Resolution 250/13 and subsequent Notes 0 0 (185,436)
Income recognition on account of the RTI - SE Resolution 32/15 0 0 (958,289)
Recognition of income - provisional remedies - MINEM Note 2016-04484723 0 0 (2,074,170)
Net gain from the repurchase of Corporate Bonds (4,539) 0 (90)
Income from non-reimbursable customer contributions (5,574) (4,372) (1,520)
Other reserve constitution - Share bases compensation plan 10,700 11,469 32,833
Gain on net monetary position (8,503,862) (5,505,073) (5,469,122)
Changes in operating assets and liabilities:      
Increase in trade receivables (2,131,406) (2,623,696) (5,503,081)
Decrease in other receivables 833,953 28,093 1,967,981
Increase in inventories (819,875) (530,114) (283,022)
Increase in deferred revenue 88,368 0 86,859
Increase in trade payables 1,242,870 4,887,145 4,853,944
Increase in salaries and social security payable 565,657 314,806 579,828
Decrease in benefit plans (55,354) (56,573) (57,013)
(Decrease) Increase in tax liabilities (515,651) (366,667) 1,832,418
Increase in other payables 3,220,527 438,201 4,327,303
Decrease in provisions (325,247) (58,934) (95,930)
Payment of Tax payable (886,154) (390,763) 0
Net cash flows generated by operating activities 9,621,032 7,265,986 4,974,959
Cash flows from investing activities      
Payment of property, plants and equipments (8,269,359) (7,897,106) (4,232,239)
Net collection of Financial assets (2,344,945) (1,013,532) 27,103
Redemption net of money market funds 2,312,229 348,233 109,182
Mutuum granted to third parties (114,889) 0 0
Collection of receivables from sale of subsidiaries 88,529 53,622 23,974
Net cash flows used in investing activities (8,328,435) (8,508,783) (4,071,980)
Cash flows from financing activities      
Proceeds from borrowings 0 1,285,946 0
Payment of interests (652,667) (418,494) (516,799)
Payment of redemption on corporate notes 0 0 (420,778)
Repurchase of corporate notes (375,520) 0 (9,818)
Acquisition of own shares (1,068,784) 0 0
Net cash flows (used in) generated by financing activities (2,096,971) 867,452 (947,395)
Decrease in cash and cash equivalents (804,374) (375,345) (44,416)
Cash and cash equivalents at the beginning of year 122,349 476,451 237,619
Exchange differences in cash and cash equivalents 155,985 (62) (8,967)
Result from exposure to inflation 553,648 21,305 292,215
Decrease in cash and cash equivalents (804,374) (375,345) (44,416)
Cash and cash equivalents at the end of the year 27,608 122,349 476,451
Supplemental cash flows information: Non-cash activities      
Acquisitions of property, plant and equipment through increased trade payables (677,207) (585,692) (379,146)
Decrease of property, plant and equipment through increased other receivables $ 439,300 $ 0 $ 0