Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 259

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 259
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 Consolidated Statements of Changes in Equity)          ​         5,534,782             4,889,729
TOTAL LIABILITIES AND EQUITY                                                     10,941,752            11,928,224
​
The accompanying notes are an integral part of these consolidated financial statements.

F-

TELECOM ARGENTINA S.A.

CONSOLIDATED INCOME STATEMENTS
(In millions of Argentine pesos in current currency, except per share data in Argentine pesos in current currency - Note 1.d)
​

                                              ​                                                  ​    ​      ​         ​          ​           ​          ​           ​     
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​                                                                                                ​      ​   ​                              For the years ended December 31,
​                                                                                                    Note   2024                                2023   2022                
Revenues                                                                                               23           4,137,596              4,483,972              4,944,819
Employee benefit expenses and severance payments                                                       24         (1,023,755)            (1,120,311)            (1,238,705)
Interconnection and transmission costs                                                                  ​           (118,525)              (132,385)              (152,276)
Fees for services, maintenance, materials and supplies                                                 24           (550,457)              (563,391)              (599,849)
Taxes and fees with the Regulatory Authority                                                           24           (325,622)              (344,478)              (379,692)
Commissions and advertising                                                                             ​           (232,226)              (262,627)              (299,503)
Cost of equipment                                                                                      24           (197,049)              (241,887)              (234,227)
Programming and content costs                                                                           ​           (239,016)              (252,980)              (310,185)
Bad debt expenses                                                                                       ​            (85,217)               (97,236)              (124,382)
Other operating expenses                                                                               24           (200,852)              (206,963)              (247,159)
Depreciation, amortization and impairment of Fixed Assets                                              24         (1,311,344)            (1,534,060)            (3,358,932)
Operating loss                                                                                          ​           (146,467)              (272,346)            (2,000,091)
Earnings (losess) from associates and joint ventures                                                  4.a            (