Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 293

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 293
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 indefinite useful life and its recoverable value must be assessed at least once a year.
m)    Impairment of Fixed Assets
The Company assesses whether there are any indicators of impairment in the value of the assets that are subject to amortization, contemplating both internal and external factors. 
Intangible assets with an indefinite useful life and goodwill are not subject to amortization and are tested for impairment at least annually, at closing date of every year, or more frequently if events or circumstances indicate that they might be impaired. 
The carrying value of an asset is considered impaired by the Company when it is higher than its recoverable value, which is the higher of the fair value (less direct selling costs) and its value in use. In this case, a loss shall be immediately recognized in the consolidated statement of income.
To assess impairment losses, the Company groups the assets into cash-generating units (CGU), which represent the smallest group of assets that generates independent cash inflows of the cash flows derived from other assets or groups of assets. The Company has defined, according to the characteristics of the services provided and its Fixed Assets that the operations carried out by the Company and its subsidiaries in Argentina of ICT services comprise a single CGU (CGU Telecom), and each foreign subsidiary and associate and other subsidiaries in Argentina offering other services than ICT services, represent separates CGUs. According to this, the net book value of a CGU includes goodwill, intangible assets with an indefinite useful life and assets with a defined useful life.
The table below shows the impairment recognized by concept:
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                         ​                            ​     ​      ​      ​      ​         ​     
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​                                                     ​   As of December 31,                     
​                                                     ​   2024    ​     2023    ​            2022
​                                                     ​   Gain (loss)                            
Return of radioelectric spectrum (See Note 2.e.iii)       —             —                (18,140)
Assets classified as held for sale (See Note 3.j)         —             (301)            (12,036)
Telecom Goodwill (See Note 3.u.1)                         —             —             (1,653,965)
Goodwill allocated to subsidiaries                        —             —                   (433)
Others (a)                                                1,106         (382)              15,453
Total                                                     1,106         (683)         (1,669,121)

a)   In 2022, it includes recovery of provisions