Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 333

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 333
---
            ​   (9)        ​   (36,569)              27,889           
Asset retirement obligations              ​   34,910              ​   29,997    —           ​   —                   ​   —          ​   (35,923)          ​   28,984           
Total non-current provisions                  79,031              ​   55,399    22,589      ​   (27,645)            ​   (9)        ​   (72,492)              56,873           
​                                         ​   ​                   ​   ​         ​           ​   ​                   ​   ​          ​   ​                 ​   ​                
Total provisions                              96,890              ​   76,934    22,589      ​   —                   ​   (56,667)   ​   (71,244)              68,502           

(i)   $18,014 million charged to Other operating expenses and $21,566 million charged to Right of use assets,
-------------------------------------------------------------------------------------------------------------

(ii)   Charged to Other foreign currency exchange gains (losses) and Other interests, net.
------------------------------------------------------------------------------------------

(iii)   $46,937 million charged to Other operating expenses and $29,997 million charged to Right of use assets.
---------------------------------------------------------------------------------------------------------------
​
Below is a summary of the most significant claims and legal actions for which the Company, based on the advice of its legal counsel and the judicial background for each claim, has considers probable and/or possible based on IAS 37:
1.    Probable Contingent liabilities
a)   Profit sharing bonds
Various legal actions are brought, mainly by former employees of the Company against the Argentine government and Telecom Argentina, requesting that Decree No. 395/92 – which expressly exempted Telefónica and the Company from issuing the profit-sharing bonds provided in Law No. 23,696 – be struck down as unconstitutional. The plaintiffs also claim the compensation for damages they suffered because such bonds have not been issued.
In August 2008, the Supreme Court of Justice not only found Decree No. 395/92 unconstitutional when resolving a similar case against Telefónica but also ordered that the proceedings be remanded to the court of origin so that such court shall decide which defendant must pay —the licensee and/or the Argentine government— and set the parameters that are to be taken into account in order to quantify the remedies requested (percent of profit sharing, statute of limitations criteria, distribution method between the