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Benefit plans (Tables)
 12 Months Ended
Dec. 31, 2021
Schedule of benefit plans

The amounts and conditions vary depending on the collective bargaining agreement and for non-unionized personnel.

 

  12.31.21   12.31.20
Non-current                   997                  1,130
Current                    131                     127
Total Benefit plans                1,128                  1,257
The breakdown of the benefit plan obligations as of December 31, 2021 and 2020 is as follows:

The breakdown of the benefit plan obligations as of December 31, 2021 and 2020 is as follows:

 

 

  12.31.21   12.31.20
Benefit payment obligations at beginning of year                1,257                  1,181
Current service cost                    66                     243
Interest cost                   689                     477
Actuarial losses                (200)                  (164)
Result from exposure to inflation for the year                (613)                  (459)
Benefits paid to participating employees                  (71)                    (21)
Benefit payment obligations at end of year                1,128                  1,257
Schedule of detail of the charge recognized in the statement of comprehensive loss income

The breakdown of the charge recognized in the Statement of Comprehensive Income (Loss) is as follows:

 

  12.31.21   12.31.20   12.31.19
Cost                    66                     243                    226
Interest                   689                     477                    312
Actuarial results - Other comprehensive results                (200)                  (164)                      15
 Benefit plan charge                   555                     556                    553
The main assumptions used are as follow:

The actuarial assumptions used are based on market interest rates for Argentine government bonds, past experience, and the Company Management’s best estimate of future economic conditions. Changes in these assumptions may affect the future cost of benefits and obligations. The main assumptions used are as follow:

 Schedule of actuarial assumptions

  12.31.21   12.31.20   12.31.19
Discount rate 5%   5%   5%
Salary increase 1%   1%   1%
Inflation 57%   50%   31%
Sensitivity analysis:

Sensitivity analysis:

 

      12.31.21
Discount Rate: 4%      
Obligation     1,234
Variation     106
      9%
       
Discount Rate: 6%      
Obligation     1,038
Variation     (90)
      (8%)
       
Salary Increase : 0%      
Obligation     1,034
Variation     (94)
      (8%)
       
Salary Increase: 2%      
Obligation     1,237
Variation     109
      9%
The expected payments of benefits are as follow:

The expected payments of benefits are as follow:

 

    In 2022    In 2023     In 2024     In 2025     In 2026     Between 2027 to 2031 
At December 31, 2021                        
Benefit payment obligations   131    23    25    26    5    22