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Consolidated Statement of Cash Flow - ARS ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flow from operating activities      
Net loss for the year $ (2,153,622) $ (4,702,117) $ (1,161,834)
Income tax 168,695 1,555,074 1,802,869
Depreciation and Impairment of Property, plant and equipment 1,814,671 665,154 956,819
Loan loss provisions 7,736,868 7,967,031 6,204,348
Exchange rate difference on gold and foreign currency 324,070 (1,733,237) (604,734)
Interest from loans and other financings (44,794,595) (46,790,036) (34,250,524)
Interest from deposits and financing received 34,913,451 26,787,390 12,782,957
Net income from financial instruments at fair value through profit or loss (20,960,966) (9,707,395) (5,454,354)
Fair value measurement of investment properties 127,130 (221,408) 27,653
Results from exposure to changes in the purchasing power of money 30,290,502 (14,349,403) (17,600,790)
Interest on liabilities for financial leases 212,492    
Allowances reversed (498,599) (488,878) (466,741)
(Increases) / decreases from operating assets:      
Debt securities at fair value through profit or loss 24,776,311 9,814,368 (3,498,887)
Derivatives (233,091) 36,637 19,094
Repo transactions   7,608,341 (7,608,341)
Loans and other financing      
To the non-financial public sector 21,588 23,600 (61,854)
To the other financial entities 548,579 288,908 191,429
To the non-financial sector and foreign residents 64,196,460 54,229,100 2,059,859
Other debt securities (3,826,695) (5,816,717) 5,034,713
Financial assets in guarantee (2,245,954) (132,293) 1,197,082
Investments in equity instruments 1,426 89,956 (96,428)
Other assets 2,241,114 (7,151,464) 1,001,504
Increases / (decreases) from operating liabilities:      
Non-financial public sector (11,613,645) 3,066,329 6,684,075
Financial sector (10,723) 3,158 3,509
Private non-financial sector and foreign residents (83,108,859) (11,979,964) 7,002,897
Derivatives (144,944) 144,944 (1,674,846)
Repo transactions 319,817    
Liabilities at fair value through profit or loss (222,849) 412,403  
Other liabilities 524,046 731,334 1,715,045
Income Tax paid (809,974) (2,154,355) (2,020,426)
Net cash (used in) / provided by operating activities (A) (2,407,296) 8,196,460 (27,815,906)
Payments related to:      
Purchase of PPE, intangible assets and other assets (1,113,875) (4,391,549) (1,506,579)
Purchase of liabilities and equity instruments issued by other entities   (276,375) (167,803)
Acquisition of subsidiaries, net of cash acquired (197,954) (2,827,563)  
Disposals related to PPE, intangible assets and other assets 8,021 667,263 1,061,324
Net cash used in investing activities (B) (1,303,808) (6,828,224) (613,058)
Payments:      
Repurchase of non-controlling interest in subsidiaries 567 (919)  
Lease Liabilities (1,251,601)    
Financing received from Argentine Financial Institutions (113,905,868) (105,180,217) (98,253,226)
Unsubordinated negotiable obligations (17,365,599) (11,619,542) (2,663,582)
Subordinated negotiable obligations (842,966) (19,976) (2,350,208)
Dividends (466,112) (505,129) (170,382)
Collections:      
Unsubordinated negotiable obligations 8,412,283 6,429,136 16,363,453
Financing received from Argentine Financial Institutions 110,569,136 109,529,169 101,398,236
Contributions from shareholders     14,103,738
Net cash (used in) / provided by financing activities (C) (14,850,160) (1,367,478) 28,428,029
Effects of exchange rate changes and exposure to changes in the purchasing power of money on cash and cash equivalents (D) (25,767,419) 23,602,424 21,586,977
Net (decrease) / increase in cash and cash equivalents (A+B+C+D) (44,328,683) 23,603,182 21,586,042
Cash and cash equivalents at the beginning of the year 72,265,167 48,661,985 27,075,943
Cash and cash equivalents at the end of the year $ 27,936,484 $ 72,265,167 $ 48,661,985