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Consolidated Statement of Cash Flow - ARS ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flow from operating activities      
Net Income /(loss) for the year $ 51,657,809 $ (15,671,914) $ (10,532,748)
Adjustments to obtain flows from operating activities:      
Income tax 34,734,935 (11,164,078) 1,697,922
Depreciation and Impairment of non - financial assets 31,931,273 31,447,803 25,629,749
Impairment losses on financial assets 33,640,071 44,129,627 54,168,977
Other adjustments:      
Exchange rate difference on gold and foreign currency (5,800,908) (8,541,784) (6,019,802)
Interest income from loans and other financings (1,157,697,255) (784,354,347) (627,418,680)
Interest Expense from deposits and financing received 825,494,087 515,399,394 366,990,536
Net income financial assets measured at fair value through profit or loss (138,081,046) (56,821,678) (53,923,603)
Fair value measurement of investment properties 7,012,278 2,503,275 2,675,231
Results from exposure to changes in the purchasing power of money 108,923,511 55,271,939 47,361,901
Interest on liabilities for financial leases 33,690 1,555,148 1,630,621
Provisions reversed (5,502,611) (10,127,903) (10,395,360)
Result from derecognition of financial assets measured at amortized cost (16,857,100) (1,531,618) (1,541,901)
(Increases) / decreases from operating assets:      
Debt securities at fair value through profit or loss 188,466,001 59,790,591 72,763,588
Derivatives (2,874,712) 425,411 (27,824)
Reverse Repo transactions (688,501,884) 192,719,662 (55,242,994)
Loans and other financing      
To the non-financial public sector (1,205,330) (726,857) 77,519
To the other financial entities (1,999,421) (1,541,063) (355,621)
To the non-financial sector and foreign residents 1,378,784,211 965,844,886 605,826,836
Other debt securities 588,795,026 (361,184,054) (104,672,168)
Financial assets pledged as collateral (1,326,077) 6,746,784 (6,893,080)
Other assets (93,625,284) 48,110,871 (49,652,616)
Increases / (decreases) from operating liabilities:      
Non-financial public sector 14,042,239 17,098,039 (2,828,948)
Financial sector 160,678 78,686 (288,535)
Private non-financial sector and foreign residents (995,778,531) (577,355,825) (249,749,858)
Derivatives     (18,264)
Repo transactions 940,332    
Liabilities at fair value through profit or loss (6,053,636) (5,793,288) (5,875,798)
Other liabilities 15,216,610 (98,506,299) 67,909,146
Income Tax paid (6,579,003) (2,637,426) (9,829,034)
Net cash provided by operating activities (A) 157,949,953 5,163,982 51,465,192
Payments related to:      
Purchase of PPE, intangible assets and other assets (24,751,267) (26,038,772) (30,469,603)
Purchase of liabilities and equity instruments issued by other entities 1,199,025 38,113 (538,013)
Collections:      
Disposals related to PPE, intangible assets and other assets 4,662,862 2,475,354 2,529,757
Net cash used in investing activities (B) (18,889,380) (23,525,305) (28,477,859)
Payments:      
Lease liabilities (5,004,160) (7,927,034) (14,721,681)
Unsubordinated debt securities (1,782,823) (4,677,087) (45,936,548)
Financing received from the Argentine Central Bank and other financial institutions (152,329,300) (543,661,474) (211,897,764)
Subordinated debt securities     (10,442,289)
Dividends distribution   (1,531,690) (3,122,242)
Acquisition of treasury shares (858,804) (4,307,609)  
Collections:      
Unsubordinated debt securities 34,552   13,661,245
Financing received from the Argentine Central Bank and other financial institutions 137,801,435 522,953,299 196,241,415
Net cash used in financing activities (C) (22,139,100) (39,151,595) (76,217,864)
Effects of exchange rate changes (D) 216,959,159 9,707,018 67,022,844
Result from exposure to changes in the purchasing power of the currency of Cash and equivalents (250,572,106) (54,108,987) (103,829,795)
Net increase/ (decrease) in cash and cash equivalents (A+B+C+D+E) 83,308,526 (101,914,887) (90,037,482)
Cash and cash equivalents at the beginning of the year 169,408,365 271,323,252 361,360,734
Cash and cash equivalents at the end of the year $ 252,716,891 $ 169,408,365 $ 271,323,252