FINANCIAL RISK MANAGEMENT (Tables)
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12 Months Ended |
Dec. 31, 2024 |
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| FINANCIAL RISK MANAGEMENT |
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| Schedule of financial assets and liabilities denominated in foreign currencies |
| | | | | | | 2024 | | 2023 | | | In equivalent millions of Argentine pesos | Assets | | 433,555 | | 475,366 | Liabilities | | (3,205,208) | | (5,981,892) | Liabilities Net | | (2,771,653) | | (5,506,526) |
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| Schedule of the proportion of fixed-rate and variable-rate borrowings |
The proportion of fixed-rate and variable-rate borrowings as of December 31, 2024 and 2023 is detailed below: | | | | | | | | | | | | 2024 | | 2023 | | | | $ | | % | | $ | | % | | Fixed rate | | 3,173,840 | | 90 | % | 4,254,844 | | 75 | % | Variable rate | | 336,346 | | 10 | % | 1,397,256 | | 25 | % | Total borrowings (*) | | 3,510,186 | | 100 | % | 5,652,100 | | 100 | % |
(*)includes capital and interest.
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| Schedule of theoretical exposure to credit risk |
| | | | | | | | | | | | | Cash and cash | | | | Trade | | Other | | Total as of | Date due | | equivalents | | Investments | | receivables, net | | receivables, net | | December 31, 2024 | Total due | | — | | — | | 135,702 | | 1,295 | | 136,997 | Total not due | | 388,241 | | 40,961 | | 225,835 | | 22,945 | | 677,982 | Total as of December 31, 2024 | | 388,241 | | 40,961 | | 361,537 | | 24,240 | | 814,979 |
| | | | | | | | | | | | | Cash and cash | | | | Trade | | Other | | Total as of | Date due | | equivalents | | Investments | | receivables, net | | receivables, net | | December 31, 2023 | Total due | | — | | — | | 215,044 | | 4,027 | | 219,071 | Total not due | | 424,356 | | 329,258 | | 138,519 | | 58,682 | | 950,815 | Total as of December 31, 2023 | | 424,356 | | 329,258 | | 353,563 | | 62,709 | | 1,169,886 |
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| Schedule of breakdown of financial liabilities into relevant maturity groups |
| | | | | | | | | | | | | Trade | | | | Leases | | Other | | Total as of | Maturity Date | | payables | | Borrowings | | liabilities | | liabilities | | December 31, 2024 | Due | | 28,055 | | — | | — | | — | | 28,055 | January 2025 thru December 2025 | | 514,312 | | 1,311,431 | | 94,803 | | 17,281 | | 1,937,827 | January 2026 thru December 2026 | | 14,238 | | 815,817 | | 61,822 | | 4,093 | | 895,970 | January 2027 thru December 2027 | | 5,638 | | 457,653 | | 47,070 | | — | | 510,361 | January 2028 and thereafter | | 219 | | 1,565,363 | | 93,403 | | — | | 1,658,985 | | | 562,462 | | 4,150,264 | | 297,098 | | 21,374 | | 5,031,198 |
| | | | | | | | | | | | | Trade | | | | Leases | | Other | | Total as of | Maturity Date | | payables | | Borrowings | | liabilities | | liabilities | | December 31, 2023 | Due | | 317,117 | | — | | — | | — | | 317,117 | January 2024 thru December 2024 | | 630,678 | | 1,557,039 | | 83,759 | | 28,625 | | 2,300,101 | January 2025 thru December 2025 | | 1,294 | | 1,887,227 | | 66,287 | | 6,642 | | 1,961,450 | January 2026 thru December 2026 | | 390 | | 1,742,225 | | 34,748 | | 6,157 | | 1,783,520 | January 2027 and thereafter | | 743 | | 1,033,174 | | 75,868 | | 909 | | 1,110,694 | | | 950,222 | | 6,219,665 | | 260,662 | | 42,333 | | 7,472,882 |
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| Schedule of working capital breakdown and its main variations |
| | | | | | | | | 2024 | | 2023 | | Variation | Trade receivables | | 361,010 | | 352,894 | | 8,116 | Other receivables | | 54,586 | | 86,292 | | (31,706) | Inventories | | 73,721 | | 83,741 | | (10,020) | Current liabilities (not considering borrowings) | | (1,080,218) | | (1,442,832) | | 362,614 | Negative operative working capital | | (590,901) | | (919,905) | | 329,004 | Over revenues | | 11.71 | % | 16.82 | % | | | | | | | | | Cash and cash equivalents | | 388,241 | | 424,356 | | (36,115) | Other receivables | | — | | 4,115 | | (4,115) | Investments | | 40,961 | | 329,258 | | (288,297) | Current borrowings | | (1,308,379) | | (1,496,584) | | 188,205 | Net Current financial (liability) asset | | (879,177) | | (738,855) | | (140,322) | | | | | | | | Assets classified as held for sale | | 2,153 | | — | | 2,153 | | | | | | | | Negative working capital (current assets – current liabilities) | | (1,467,925) | | (1,658,760) | | 190,835 | Liquidity rate | | 0.38 | | 0.44 | | (0.06) |
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