Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 263

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 263
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,098       40,736               109,504           (302,920)           1,012,404   ​   5,425,003      ​   109,779        ​   5,534,782

(1)   See Note 21.
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(2)   Corresponds to the Facultative Reserve to maintain the capital investments level and the current level of solvency.
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(3)   See Note 4.b).
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(4)   Correspond to Ubiquo’s acquisition. See Note 1.a).
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(5)   This operation represents a transaction between controlling and non-controlling stockholders related to the extension of the purchase option of Adesol’s special purpose entities. Therefore. the payments made by the subsidiary Adesol were recognized directly in “Other comprehensive income (loss)” within equity attributable to controlling company.
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(6)   Corresponds to the exercise of the Naperville call option. See Note 28.2.1.
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(7)   See Note 28.2.2.
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(8)   Correspond to the establish of a new company, CrediPay. See Note 1.a).
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The accompanying notes are an integral part of these consolidated financial statements.
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F-

TELECOM ARGENTINA S.A.

CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions of Argentine pesos in current currency – Note 1.d)
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                                          ​                                              ​    ​     ​         ​          ​           ​          ​           ​     
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​                                                                                        ​   ​      ​                             For the years ended December 31,
​                                                                                            Note   2024               2023                   2022                
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES                                                                                                                    
Net income (loss) for the year                                                                             1,033,252              (543,727)            (1,394,512)
Adjustments to reconcile net income to net cash flows provided by operating activities                             ​                                             ​
Allowances deducted from assets                                                              ​                75,912                 86,521                129,713
Depreciation of PP&amp;E                                                                 24                  998,031              1,185,795              1,348,046
Amortization of intangible assets                                                        24                  116,261                191