Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 294

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 294
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 for $14,749 million related to works in progress that were completed during that fiscal year.
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Except for the above mentioned, no other significant impairments have been identified as a result of the evaluation realized.
The possible reversal of PP&E, intangible assets and rights of use assets impairment losses is reviewed for the issuance of all consolidated financial statements. The net effects of the constitution and recovery of the above-mentioned impairments are recorded under “Impairment of Fixed Assets”, which is described in Note 24.
For further information on recoverability of goodwill analysis, see item u.1) - “Recoverability of Goodwill” to this Note.

F-

TELECOM ARGENTINA S.A.

n)    Other liabilities
Pension Benefits
Pension benefits shown under Other liabilities represent accrued benefits under collective bargaining agreements for employees who retire upon reaching normal retirement age, or earlier due to disability in Telecom Argentina. Benefits consist of the payment of a single lump sum equal to the salary of one month for each five years of service at the time of retirement due to retirement age or disability. The collective bargaining agreements do not provide for other post-retirement benefits such as life insurance, health care, and other welfare benefits. 
The net periodic pension costs are recognized in the income statement, segregating the financial component, as employees render the services necessary to earn pension benefits. However, actuarial gains and losses should be presented in the statements of comprehensive income. Actuarial assumptions and demographic data, as applicable, were used to measure the benefit obligation as required by IAS 19, as amended. The Company does not make plan contributions or maintain separate assets to fund the benefits at retirement.
The actuarial assumptions used are based on market interest rates, experience and the best estimate made by the Company’s Management of the future economic conditions. Changes in these assumptions may impact future benefit costs and obligations. The main assumptions used in determining expense and benefit obligations are the following:
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                   ​                      ​          ​         ​          ​          ​          ​      
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​                                         2024                 2023                  2022              
Discount Rate (1)                                3.0% - 7.7%   ​      4.2% - 12.2%   ​     6.0% - 11.6%
Projected increase rate in compensation        10.0% - 31.0%   ​    32.0% - 175.0%   ​