Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 138

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 138
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7.7% of total revenues in 2023 and 2022.
The effect generated by the restatement in current currency as of December 31, 2024, included in Taxes and fees with the Regulatory Authority amounted to P$257,919 million and P$338,342 million in 2023 and 2022, respectively.
Commissions and advertising
Commissions and advertising, decreased P$36,876 million or 12.3%, amounting to P$262,627 million in 2023, as compared to P$299,503 million in 2022. The decrease is mainly due to lower charges for agent commissions, collection commissions and advertising services costs.
The effect generated by the restatement in current currency as of December 31, 2024, included in Commissions and advertising amounted to P$197,408 million and P$266,289 million in 2023 and 2022, respectively.
Cost of equipment
Cost of equipment increased P$7,660 million, amounting to P$241,887 million in 2023 as compared to P$234,227 million for 2022. The variation is mainly due to an increase in equipment sold of 13%.
The effect generated by the restatement in current currency as of December 31, 2024, included in Cost of equipment amounted to P$190,343 million and P$210,874 million in 2023 and 2022, respectively.
Programming and content costs
Programming and content costs decreased by P$57,205 million amounting to P$252,980 million in 2023 as compared to P$310,185 million in 2022. The decrease was mainly due to commercial efficiency, partially offset by price increases in almost all cable television signals.
The effect generated by the restatement in current currency as of December 31, 2024, included in Programming and content costs amounted to P$189,131 million and P$276,458 million in 2023 and 2022, respectively.
Bad debt expenses
Bad debt expenses decreased P$27,146 million, amounting to P$97,236 million for 2023, representing 2.2% and 2.5% of the revenues in 2023 and 2022, respectively. The decrease is mainly due to continuing credit recovery actions.
The effect generated by the restatement in current currency as of December 31, 2024, included in Bad debt expenses amounted to