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INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2021

INTANGIBLE ASSETS

Summary 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		12/31/2021
Measurement at cost
Goodwill		5,494,180		—		—		—		5,494,180		—		—		—		—		—		5,494,180
Brands		301,881		—		—		—		301,881		—		—		—		—		—		301,881
Other intangible assets(*)		8,511,674		3,228,118		—		(17,528)		11,722,264		(4,070,061)		5,849		—		(2,032,008)		(6,096,220)		5,626,044
TOTAL		14,307,735		3,228,118		—		(17,528)		17,518,325		(4,070,061)		5,849		—		(2,032,008)		(6,096,220)		11,422,105


		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		12/31/2020
Measurement at cost
Goodwill		5,483,173		11,007		—		—		5,494,180		—		—		—		—		—		5,494,180
Brands		301,881		—		—		—		301,881		—		—		—		—		—		301,881
Other intangible assets(*)		5,907,675		2,625,549		—		(21,550)		8,511,674		(2,757,855)		(106)		—		(1,312,100)		(4,070,061)		4,441,613
TOTAL		11,692,729		2,636,556		—		(21,550)		14,307,735		(2,757,855)		(106)		—		(1,312,100)		(4,070,061)		10,237,674

(*)mainly include systems and programs.

Summary of goodwill by cash generating units


		12/31/2021		12/31/2020
Supervielle Seguros S.A.		14,620		14,620
IUDÚ Compañia Financiera S.A		368,254		368,254
Banco Regional de Cuyo S.A.		76,654		76,654
InvertirOnline S.A.U. / InvertirOnline.Com Argentina S.A.U.(renamed as “Portal Integral de Inversiones S.A.U.” with registration pending)		2,786,446		2,786,446
Micro Lending S.A.U.		2,193,965		2,193,965
Others		54,241		54,241
TOTAL		5,494,180		5,494,180

Summary of assumptions used in goodwill impairment test


		Real		Forecast		Forecast		Forecast		Forecast		Forecast
		2021		2022		2023		2024		2025		2026
Inflation (end of period)		46.7	%	45.9	%	39.9	%	56.7	%	47.5	%	47.5	%
Inflation (average)		47.3	%	44.4	%	41.6	%	51.1	%	49.5	%	47.5	%
Cost of funding (average)		39.2	%	41.9	%	40.8	%	49.0	%	45.2	%	45.2	%
Loan’s interest rate (average)		55.8	%	58.8	%	65.4	%	63.2	%	61.7	%	61.7	%