16. COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT

16.11 Financing received from the Argentine Central Bank and other financial institutions

The following table shows the estimated use of the liability recorded as of December 31, 2021:


	Maturity
	Up to 12	Up to 24	More than
Item	months	months	24 months	Total
Revenue from contracts with customers	73,976	43,352	66,402	183,730

16.14 Interest Income


	12/31/2021	12/31/2020	12/31/2019
Interest on overdrafts	3,133,108	4,042,925	9,384,301
Interest on promissory notes	11,194,804	9,398,203	12,079,774
Interest on personal loans	19,401,947	21,393,779	26,542,271
Interest on corporate unsecured loans	6,918,453	9,029,045	12,619,750
Interest on credit card loans	5,927,631	5,763,900	9,894,527
Interest on mortgage loans	7,062,856	6,029,525	7,771,001
Interest on automobile and other secured loan	1,548,516	1,114,558	1,424,065
Interest on foreign trade loans	1,243,547	2,193,377	3,556,327
Interest on financial leases	1,581,186	1,063,245	2,321,257
Interest on public and private securities measured at amortized cost	27,672,634	30,979,499	—
Others	17,747,199	6,651,000	6,456,407
Total	103,431,881	97,659,056	92,049,680

16.15 Interest Expenses


	12/31/2021	12/31/2020	12/31/2019
Interest on current accounts deposits	21,139,712	9,547,244	12,350,968
Interest on time deposits	37,594,565	29,546,822	40,800,914
Interest on other financial liabilities	1,382,903	3,450,463	15,807,755
Interest from financing from financial sector	182,801	152,200	563,258
Others	199,527	439,957	2,221,742
Total	60,499,508	43,136,686	71,744,637

16.16 Net income from financial instruments at fair value through profit or loss


	12/31/2021	12/31/2020	12/31/2019
Income from corporate and government securities	6,955,178	4,528,233	3,148,919
Income from securities issued by the Argentine Central Bank	349,543	204,513	38,457,933
Derivatives	1,584,749	271,848	1,466,429
Total	8,889,470	5,004,594	43,073,281

16.17 Service fee income


	12/31/2021	12/31/2020	12/31/2019
Commissions from deposits accounts	6,496,684	6,984,705	7,211,889
Commissions from credit and debit cards	4,986,927	5,152,252	5,954,326
Commissions from loans operations	158,346	248,830	605,834
Others Commissions	5,023,307	4,963,179	3,899,527
Total	16,665,264	17,348,966	17,671,576

16.18 Service fee expenses


	12/31/2021	12/31/2020	12/31/2019
Commissions paid	4,958,004	5,237,443	4,461,593
Export and foreign currency operations	122,477	118,372	149,604
Total	5,080,481	5,355,815	4,611,197

16.19 Income from insurance activities

16.20 Other operating income


	12/31/2021	12/31/2020	12/31/2019
Loans recovered and allowances reversed	1,713,707	864,110	1,024,586
Insurance commissions	253	77,773	140,324
Rental from safety boxes	384,497	513,659	589,519
Commissions from trust services	44,591	14,548	54,004
Returns of risk funds	1,240,482	1,835,065	354,853
Commissions from financial guarantees	—	—	1,290,177
Default interests	171,347	321,396	864,988
Sale of fixed assets	8,955	202,236	—
Others	1,813,042	1,875,978	1,343,426
Total	5,376,874	5,704,765	5,661,877

16.21 Personnel expenses


	12/31/2021	12/31/2020	12/31/2019
Payroll and social securities	23,707,177	25,181,467	25,513,307
Others expenses	1,884,145	2,254,991	3,593,290
Total	25,591,322	27,436,458	29,106,597

16.22 Administrative expenses


	12/31/2021	12/31/2020	12/31/2019
Directors´ and statutory auditors’fees	406,912	515,515	577,092
Professional fees	4,494,789	4,594,601	2,091,132
Advertising and publicity	1,148,460	1,039,542	1,113,883
Taxes	3,381,423	2,804,450	3,019,628
Maintenance, security and services	4,116,826	4,261,597	3,549,777
Rent	78,477	108,753	106,332
Others	1,728,692	2,250,540	5,105,244
Total	15,355,579	15,574,998	15,563,088

16.23 Depreciation and impairment of non-financial assets


	12/31/2021	12/31/2020	12/31/2019
Depreciation of property, plant and equipment	832,432	789,745	1,401,741
Depreciation of other non-financial assets	300,511	353,419	219,745
Depreciation of intangible assets	2,032,008	1,312,100	941,994
Depreciation of right-of-use assets	1,059,878	1,177,943	1,165,539
Impairment of other-non financial assets	313	—	—
Total	4,225,142	3,633,207	3,729,019

16.24 Other operating expenses


	12/31/2021	12/31/2020	12/31/2019
Promotions related with credit cards	909,345	792,979	1,049,209
Turnover tax	8,141,305	5,963,008	7,704,959
Fair value on initial recognition of loans	196,788	295,029	412,833
Contributions made to deposit insurance system	491,445	437,450	501,318
Others	2,109,166	2,435,613	3,397,513
Total	11,848,049	9,924,079	13,065,832