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Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

INTANGIBLE ASSETS

Schedule of intangible assets


		Gross carrying amount										Depreciation
		At the				Additions				At the		At the								At the		Net carrying
		beginning				by business				End of the		beginning				By business				End of the		amount at
Item		of the year		Additions		combinations		Disposals		year		of the year		Disposals		combinations		Of the year		year		12/31/2019
Measurement at cost
Goodwill		2,678,965		13,829		—		—		2,692,794		—		—		—		—		—		2,692,794
Brands		146,907		—		—		—		146,907		—		—		—		—		—		146,907
Other intangible assets		2,228,054		651,095		—		(4,269)		2,874,880		(883,780)		120		—		(458,407)		(1,342,067)		1,532,813
TOTAL		5,053,926		664,924		—		(4,269)		5,714,581		(883,780)		120		—		(458,407)		(1,342,067)		4,372,514


		Gross carrying amount										Depreciation
		At the				Additions				At the		At the								At the		Net carrying
		beginning				by business				End of the		beginning				By business				End of the		amount at
Item		of the year		Additions		combinations		Disposals		year		of the year		Disposals		combinations		Of the year		year		12/31/2018
Measurement at cost
Goodwill		255,323		2,423,642		—		—		2,678,965		—		—		—		—		—		2,678,965
Brands		—		146,907		—		—		146,907		—		—		—		—		—		146,907
Other intangible assets		1,723,407		1,300,811		2,520		(798,684)		2,228,054		(1,271,996)		618,809		(2,143)		(228,450)		(883,780)		1,344,274
TOTAL		1,978,730		3,871,360		2,520		(798,684)		5,053,926		(1,271,996)		618,809		(2,143)		(228,450)		(883,780)		4,170,146

Schedule of goodwill by cash generating units


		12/31/2019		12/31/2018
Supervielle Seguros S.A.		7,115		7,115
Cordial Compañía Financiera S.A.		177,578		177,578
Banco Regional de Cuyo S.A.		63,419		63,419
InvertirOnline S.A.U. / InvertirOnline.Com Argentina S.A.U.		1,355,982		1,355,982
Micro Lending S.A.U.		1,067,660		1,067,660
Others		21,040		7,211
TOTAL		2,692,794		2,678,965

Summary of assumptions used in goodwill impairment test


		Real		Forecast		Forecast		Forecast		Forecast		Forecast
		2019		2020		2021		2022		2023		2024
Inflation (end of period)		54.3	%	44.2	%	25.3	%	17.2	%	10.0	%	8.5	%
Inflation (average)		53.3	%	54.6	%	29.3	%	20.6	%	13.1	%	9.1	%
Cost of funding (end of period)		61.4	%	36.8	%	25.9	%	15.4	%	11.5	%	11.5	%
Cost of funding (average)		65.0	%	45.2	%	31.4	%	19.9	%	13.2	%	11.5	%
Loan’s interest rate (average)		78.3	%	61.0	%	50.0	%	41.8	%	39.2	%	39.0	%