| RIGHT OF USE ASSETS |
NOTE 11 – RIGHT OF USE ASSETS Details on the nature and movements of Right of use assets as of December 31, 2024 and 2023 are as follows: | | | | | | | | | | | | | Gross value as of | | | | | | | | | | | December 31, | | | | Currency translation | | | | Gross value as of | | | 2023 | | Increases | | adjustments | | Decreases | | December 31, 2024 | Leases rights of use | | | | | | | | | | | - Sites | | 781,102 | | 189,629 | | (39,286) | | (832) | | 930,613 | - Real estate and others | | 184,892 | | 40,185 | | (8,113) | | (3,837) | | 213,127 | - Poles | | 121,981 | | 33,306 | | (4,177) | | (5) | | 151,105 | Indefeasible right of use | | 31,232 | | — | | (1,633) | | — | | 29,599 | Asset Retirement Obligation | | 112,488 | | 26,303 | | (712) | | (29,910) | | 108,169 | Total | | 1,231,695 | | 289,423 | | (53,921) | | (34,584) | | 1,432,613 |
| | | | | | | | | | | | | | | Accumulated | | | | | | | | Accumulated | | Net carrying | | | amortization as of | | | | Currency | | | | amortization as | | value as of | | | December 31, | | | | translation | | | | of December 31, | | December 31, | | | 2023 | | Amortization | | adjustments | | Decreases | | 2024 | | 2024 | Leases rights of use | | | | | | | | | | | | | - Sites | | (415,459) | | (142,250) | | 23,398 | | (43) | | (534,354) | | 396,259 | - Real estate and others | | (128,596) | | (38,158) | | 5,501 | | 3,768 | | (157,485) | | 55,642 | - Poles | | (83,109) | | (29,211) | | 3,032 | | 5 | | (109,283) | | 41,822 | Indefeasible right of use | | (19,272) | | (2,442) | | 1,301 | | — | | (20,413) | | 9,186 | Asset Retirement Obligation | | (12,387) | | (29,624) | | 712 | | 29,463 | | (11,836) | | 96,333 | Total | | (658,823) | | (241,685) | | 33,944 | | 33,193 | | (833,371) | | 599,242 |
| | | | | | | | | | | | | Gross value as of | | | | | | | | | | | December 31, | | | | Currency translation | | | | Gross value as of | | | 2022 | | Increases | | adjustments | | Decreases | | December 31, 2023 | Leases rights of use | | | | | | | | | | | - Sites | | 623,677 | | 130,797 | | 27,842 | | (1,214) | | 781,102 | - Real estate and others | | 156,251 | | 22,806 | | 7,524 | | (1,689) | | 184,892 | - Poles | | 81,822 | | 37,213 | | 3,009 | | (63) | | 121,981 | Indefeasible right of use | | 30,057 | | — | | 1,175 | | — | | 31,232 | Asset Retirement Obligation | | 82,038 | | 36,586 | | 618 | | (6,754) | | 112,488 | Total | | 973,845 | | 227,402 | | 40,168 | | (9,720) | | 1,231,695 |
| | | | | | | | | | | | | | | Accumulated | | | | | | | | Accumulated | | Net carrying | | | amortization as of | | | | Currency | | | | amortization as | | value as of | | | December 31, | | | | translation | | | | of December 31, | | December 31, | | | 2022 | | Amortization | | adjustments | | Decreases | | 2023 | | 2023 | Leases rights of use | | | | | | | | | | | | | - Sites | | (281,343) | | (118,597) | | (16,539) | | 1,020 | | (415,459) | | 365,643 | - Real estate and others | | (92,029) | | (34,230) | | (3,891) | | 1,554 | | (128,596) | | 56,296 | - Poles | | (56,118) | | (24,829) | | (2,183) | | 21 | | (83,109) | | 38,872 | Indefeasible right of use | | (15,795) | | (2,539) | | (938) | | — | | (19,272) | | 11,960 | Asset Retirement Obligation | | (8,056) | | (10,255) | | (618) | | 6,542 | | (12,387) | | 100,101 | Total | | (453,341) | | (190,450) | | (24,169) | | 9,137 | | (658,823) | | 572,872 |
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