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Consolidated Statement of Cash Flow - ARS ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flow from operating activities      
Net Income / (loss) for the year $ 104,569,295 $ 112,491,919 $ (34,127,728)
Adjustments to obtain flows from operating activities:      
Income tax 38,297,900 75,640,054 (24,311,301)
Depreciation and Impairment of non - financial assets 52,584,122 69,534,698 68,481,877
Impairment losses on financial assets 59,513,217 73,255,839 96,098,277
Other adjustments:      
Exchange rate difference on gold and foreign currency (9,272,117) (12,632,268) (18,600,899)
Interest Income from loans and other financings (1,661,292,847) (2,521,043,538) (1,708,038,478)
Interest Expense from deposits and financing received 888,013,611 1,797,625,868 1,122,352,416
Net income financial assets measured at fair value through profit or loss (141,064,297) (300,690,295) (123,736,947)
Fair value measurement of investment properties 10,188,877 15,270,191 5,451,222
Results from exposure to changes in the purchasing power of money 305,891,382 237,195,789 120,362,179
Interest on liabilities for financial leases 1,920,878 73,365 3,386,547
Provisions reversed (4,607,832) (11,982,685) (22,054,889)
Result from derecognition of financial assets measured at amortized cost (82,063,602) (36,708,632) (3,335,307)
(Increases) / decreases from operating assets:      
Debt securities at fair value through profit or loss 110,559,464 410,410,400 130,202,160
Derivatives 3,636,522 (6,260,077) 926,390
Reverse Repo transactions 1,645,657,441 (1,499,306,678) 419,673,327
Loans and other financing      
To the non-financial public sector 1,276,124 (2,624,770) (1,582,830)
To the other financial entities (11,646,076) (4,354,012) (3,355,875)
To the non-financial sector and foreign residents 497,290,942 3,002,490,513 2,103,258,859
Other debt securities (265,915,885) 1,282,181,407 (786,527,498)
Financial assets pledged as collateral (74,347,521) (2,887,713) 14,692,042
Other assets 70,481,375 (203,881,815) 104,767,978
Increases / (decreases) from operating liabilities:      
Non-financial public sector (74,686,296) 30,578,889 37,233,310
Financial sector (852,452) 349,898 171,349
Private non-financial sector and foreign residents (1,010,608,387) (2,168,443,451) (1,257,270,988)
Derivatives 1,734,047    
Repo transactions 31,914,891 2,047,701  
Liabilities at fair value through profit or loss (1,323,792) (13,182,617) (12,615,674)
Other liabilities 47,400,025 33,136,242 (214,510,885)
Income Tax paid (14,388,375) (14,326,676) (5,743,355)
Net cash provided by operating activities (A) 518,860,634 343,957,546 11,245,279
Payments related to:      
Purchase of PPE, intangible assets and other assets (57,388,325) (53,899,257) (56,702,974)
Purchase of liabilities and equity instruments issued by other entities 86,252 2,611,040 82,996
Collections:      
Disposals related to PPE, intangible assets and other assets 11,059,471 10,154,017 5,390,421
Net cash used in investing activities (B) (46,242,602) (41,134,200) (51,229,557)
Payments:      
Lease liabilities (8,893,219) (10,897,240) (17,262,197)
Unsubordinated debt securities (2,342,101) (3,882,340) (10,184,994)
Financing received from the Argentine Central Bank and other financial institutions (267,100,285) (331,717,810) (1,183,896,947)
Dividends distribution (27,962,555)   (3,335,464)
Acquisition of treasury shares (9,916,857) (1,870,162) (9,380,411)
Collections:      
Unsubordinated debt securities 52,092,812 75,242  
Financing received from the Argentine Central Bank and other financial institutions 300,536,024 300,081,404 1,138,802,074
Net cash used in financing activities (C) 36,413,819 (48,210,906) (85,257,939)
Effects of exchange rate changes (D) 265,181,131 472,458,135 21,138,355
Result from exposure to changes in the purchasing power of the currency of Cash and equivalents (E) (561,800,396) (545,654,907) (117,829,693)
Net increase/ (decrease) in cash and cash equivalents (A+B+C+D+E) 212,412,586 181,415,668 (221,933,555)
Cash and cash equivalents at the beginning of the year 550,325,469 368,909,801 590,843,356
Cash and cash equivalents at the end of the year $ 762,738,055 $ 550,325,469 $ 368,909,801