Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 45

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 45
---
 determine such payments. The revaluation amount will generally be recognized
against an adjustment to the right-of-use asset.

There are two exemptions to recognition: leases
of "low-value" assets (an exemption TMA applies to office equipment) and short-term leases (an exemption TMA applies to all
leases with a term of 12 months or less). For these cases, accrued amounts are recognized as an expense on a straight-line basis over
the lease term.

The Company determines the lease term as the non-cancelable
period of the contract, along with any period covered by an extension (or termination) option that is at TMA's discretion, if there is
reasonable certainty that it will be exercised (or not exercised). In its evaluation, TMA considers all information available in the industry
depending on the asset category and analyzes the relevant factors (technology, regulation, competition, business model) that provide an
economic incentive to exercise or not exercise a renewal/termination option. In particular, TMA considers the planning horizon of its
strategic business activities. After the commencement date, TMA re-assesses the lease term upon the occurrence of a significant event
or a change in the circumstances under its control which could affect its ability to exercise (or not) a renewal or termination option
(e.g., a change in the business strategy)

Leases in which TMA acts as lessor and retains
a significant portion of the risks and rewards inherent to the ownership of the leased asset are classified as operating leases. Otherwise,
the lease is considered a financial lease.

| h) | Financial Instruments |

Financial assets and liabilities are recognized
when the entity becomes a party to the contractual provisions of the financial instruments in question.

Initial Measurement

Financial assets and liabilities are initially
measured at their fair value. Transaction costs that are directly attributable to the acquisition or issuance of financial assets and
liabilities (other than financial assets and liabilities at fair value through profit or loss) are added to or deducted from the fair
value of the financial assets or liabilities, as appropriate, assigned on the initial recognition date. Transaction costs directly attributable
to the acquisition of financial assets or liabilities at fair value are recognized immediately in the income statement.

Financial Assets

Classification of financial assets

TMA classifies its financial assets into the following
measurement categories:

| - | Those that will be subsequently measured at fair value (either through other comprehensive income (“OCI”), 
 or through profit or loss), and                                                                            |

| - | Those that will be measured at