| Fair value amount of derivative financial instruments |
The breakdowns of the fair value amount of the derivative financial instruments as of December 31, 2023 and 2022 are as follows:
| |
|
Balance as of December 31, 2023
|
|
|
Balance as of December 31, 2022
|
|
| |
|
Assets
|
|
|
Liabilities
|
|
|
Assets
|
|
|
Liabilities
|
|
|
Interest rate cash flow hedge
|
|
|
60,102
|
|
|
|
29,163
|
|
|
|
94,192
|
|
|
|
12,159
|
|
|
Foreign exchange derivatives instruments
|
|
|
1,595
|
|
|
|
-
|
|
|
|
3,189
|
|
|
|
-
|
|
|
Notes conversion option (Note 15)
|
|
|
-
|
|
|
|
794
|
|
|
|
-
|
|
|
|
4,688
|
|
|
Total
|
|
|
61,697
|
|
|
|
29,957
|
|
|
|
97,381
|
|
|
|
16,847
|
|
|
| Maturities of notional and fair value amounts of interest rate derivatives designated as cash flow hedges |
The table below shows a breakdown of the maturities of notional amounts of interest rate cash flow hedge derivatives as of December 31, 2023 and
2022.
|
Notionals
|
|
Balance as of December 31, 2023
|
|
|
Balance as of December 31, 2022
|
|
| |
|
Assets
|
|
|
Liabilities
|
|
|
Assets
|
|
|
Liabilities
|
|
|
Up to 1 year
|
|
|
248,898
|
|
|
|
43,013
|
|
|
|
245,147
|
|
|
|
47,029
|
|
|
Between 1 and 2 years
|
|
|
279,215
|
|
|
|
95,701
|
|
|
|
310,393
|
|
|
|
102,476
|
|
|
Between 2 and 3 years
|
|
|
314,644
|
|
|
|
104,848
|
|
|
|
217,498
|
|
|
|
112,855
|
|
|
Subsequent years
|
|
|
523,564
|
|
|
|
264,563
|
|
|
|
659,186
|
|
|
|
280,016
|
|
|
Total
|
|
|
1,366,321
|
|
|
|
508,125
|
|
|
|
1,432,224
|
|
|
|
542,376
|
|
The table below shows a breakdown of the maturity of the fair values of interest rate cash flow hedge derivatives as of December 31, 2023 and 2022:
|
Fair value
|
|
Balance as of December 31, 2023
|
|
|
Balance as of December 31, 2022
|
|
| |
|
Assets
|
|
|
Liabilities
|
|
|
Assets
|
|
|
Liabilities
|
|
|
Up to 1 year
|
|
|
3,957
|
|
|
|
(1,740
|
)
|
|
|
10,868
|
|
|
|
(991
|
)
|
|
Between 1 and 2 years
|
|
|
10,124
|
|
|
|
(5,347
|
)
|
|
|
17,860
|
|
|
|
(2,189
|
)
|
|
Between 2 and 3 years
|
|
|
12,070
|
|
|
|
(5,848
|
)
|
|
|
12,257
|
|
|
|
(2,851
|
)
|
|
Subsequent years
|
|
|
33,951
|
|
|
|
(16,228
|
)
|
|
|
53,207
|
|
|
|
(6,128
|
)
|
|
Total
|
|
|
60,102
|
|
|
|
(29,163
|
)
|
|
|
94,192
|
|
|
|
(12,159
|
)
|
|