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Consolidated Statement of Cash Flow - ARS ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flow from operating activities      
Net (loss)/income for the year $ (1,736,358) $ 5,284,126 $ (4,425,538)
Income tax 279,907 1,013,887 346,658
Depreciation and Impairment of Property, plant and equipment 4,225,142 3,633,207 3,729,019
Loan loss provisions 8,929,921 13,003,712 15,898,709
Exchange rate difference on gold and foreign currency (992,383) (1,606,842) 665,941
Interest from loans and other financings (103,431,881) (97,659,056) (92,049,680)
Interest from deposits and financing received 60,499,508 43,136,686 71,744,637
Net income from financial instruments at fair value through profit or loss (8,889,470) (5,004,594) (43,073,281)
Fair value measurement of investment properties 441,020 139,556 261,244
Results from exposure to changes in the purchasing power of money 7,807,754 6,475,891 11,013,521
Interest on liabilities for financial leases 268,813 312,502 436,656
Allowances reversed (1,713,707) (864,111) (1,024,586)
Result from derecognition of financial assets measured at amortized cost (254,187) (991,715)  
(Increases) / decreases from operating assets:      
Debt securities at fair value through profit or loss 11,995,299 (5,591,631) 50,913,541
Derivatives (4,587) 312,051 (478,985)
Reverse Repo transactions (9,106,976) (33,742,602)  
Loans and other financing      
To the non-financial public sector 12,779 23,814 44,362
To the other financial entities (58,625) 114,382 1,127,291
To the non-financial sector and foreign residents 99,872,400 105,451,208 131,919,121
Other debt securities (17,255,526) (40,183,131) (7,863,584)
Financial assets in guarantee (1,136,345) 3,556,790 (4,615,274)
Investments in equity instruments   (73,835) 2,930
Other assets (8,185,383) (873,453) 4,605,326
Increases / (decreases) from operating liabilities:      
Non-financial public sector (466,361) 700,556 (23,865,208)
Financial sector (47,566) 28,925 (22,034)
Private non-financial sector and foreign residents (41,172,025) 43,025,686 (170,782,744)
Derivatives (3,011) 3,011 (297,850)
Repo transactions   (657,201) 657,201
Liabilities at fair value through profit or loss (968,643) 2,632,339 (457,939)
Other liabilities 11,195,031 (5,729,792) 1,076,874
Income Tax paid (1,620,346) (1,921,307) (1,664,438)
Net cash provided by / (used in) operating activities (A) 8,484,194 33,949,059 (56,178,110)
Payments related to:      
Purchase of PPE, intangible assets and other assets (5,023,007) (7,130,594) (2,288,933)
Purchase of liabilities and equity instruments issued by other entities (88,693) (71,794)  
Acquisition of subsidiaries, net of cash acquired   (11,007) (406,782)
Collections:      
Disposals related to PPE, intangible assets and other assets 417,038 642,869 16,483
Net cash used in investing activities (B) (4,694,662) (6,570,526) (2,679,232)
Payments:      
Repurchase of non-controlling interest in subsidiaries     1,165
Lease Liabilities (2,426,914) (2,062,110) (2,571,950)
Financing received from Argentine Financial Institutions (7,572,780) (10,242,448) (234,068,388)
Unsubordinated debt securities (34,931,992) (32,147,124) (35,685,061)
Subordinated debt securities (1,721,443) (2,678,103) (1,732,235)
Dividends (514,711) (800,089) (957,827)
Collections:      
Unsubordinated negotiable obligations 2,252,098 4,005,697 17,286,639
Financing received from Argentine Financial Institutions 32,350,995 22,450,153 227,211,644
Net cash used in financing activities (C) (12,564,747) (21,474,024) (30,516,013)
Effects of exchange rate change 11,048,920 15,660,806 49,512,377
Net increase / (decrease) in cash and cash equivalents (A+B+C+D) 2,273,705 21,565,315 (39,860,978)
Result from exposure to changes in the purchasing power of the currency of Cash and equivalents (17,116,658) (19,401,367) (51,231,287)
Cash and cash equivalents at the beginning of the year 59,571,418 57,407,470 148,499,735
Cash and cash equivalents at the end of the year $ 44,728,465 $ 59,571,418 $ 57,407,470