Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 39

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 39
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 cost approach or a current cost
approach, shall be stated in terms of the measuring unit current at the end of the reporting period. In general terms, this requires adjusting
non-monetary items for inflation from the date of acquisition or revaluation, as applicable. These requirements also apply to comparative
financial information.

To determine whether an economy qualifies as highly
inflationary under IAS 29, the standard outlines a series of factors to consider, including a cumulative inflation rate over three years
that approaches or exceeds 100%. Based on these criteria, Argentina has been classified as a high-inflation economy under IAS 29 since
July 1, 2018.

Additionally, Law No. 27,468 (published in
the Official Gazette on 12/04/2018) amended Section 10 of Law No. 23,928, as amended, establishing that the repeal of all legal
or regulatory provisions allowing for price indexation, monetary correction, cost variation, or any other form of debt, tax, price or
tariff adjustment to goods, works or services does not apply to financial statements, and that Section 62 in fine of General Companies
Law No. 19,550 (amented text of 1984), as amended, will continue to be applicable to them. Furthermore, such law repealed Decree
No. 1269/2002 of July 16, 2002, as amended, and delegated in the National Executive Branch (“PEN”), through its
regulatory agencies, the power to determine the effective date of these provisions concerning financial statements. Accordingly, through
its General Resolution No. 10/2018 (published in the Official Gazette on 12/28/2018), the IGJ established that entities under its
supervision must apply the financial statement restatement method in constant currency, as outlined in IAS 29, to annual, interim, and
special financial statements ending on or after December 31, 2018.

Under IAS 29, the financial statements of an entity
whose functional currency is the currency of a hyperinflationary economy shall be stated in terms of the measuring unit current as of
the date of the financial statements. Statement of financial position amounts not already expressed in terms of the measuring unit current
at the end of the reporting period must be restated by applying a general price index. All the items in the statement of comprehensive
income must be expressed in terms of the measuring unit current as