Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 47

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 47
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cognition of financial liabilities

The company derecognizes a financial liability
only upon the discharge, cancellation or expiration of the obligations. The difference between the carrying amount of the financial liability
derecognized and the consideration paid or payable is recognized in the income statement.

Impairment

The company assesses expected credit losses associated
to its debt instruments in advance. The impairment method applied depends on whether there has been a significant increase in credit risk.

For trade receivables, TMA applies the simplified
approach included in IFRS 9, which requires recognizing expected losses over the lifetime of the asset from the initial recognition of
trade receivables.

Derivatives and hedging financial instruments

The accounting treatment of any gain or loss resulting
from changes in the fair value of a derivative depends on whether it meets the criteria for hedge accounting and, if applicable, the nature
of the hedge.

Changes in the fair value of derivatives that
have been designated and meet the requirements for hedge accounting as fair value hedges are recognized in the income statement, along
with changes in the fair value of the hedged item that are attributable to the hedged risk.

Changes in the fair value of derivatives that
qualify and have been designated as cash flow hedges, which are highly effective, are recognized in the statement of comprehensive income
and accumulated under the "Hedge result" item. Gains or losses related to hedge ineffectiveness are recognized in the income
statement when they occur. Changes in fair value previously recognized in equity are recognized in the income statement in the period
the hedge is applied to the result.

When the hedged item gives rise to the recognition
of a non-financial asset, both gains and losses are included in the initial cost of the asset.

i) Inventories

Inventories, which primarily consist of handsets,
are valued at the lower of the weighted average cost or the net realizable value. Net realizable value represents the estimated selling
price of the inventory less all estimated costs of completion and the necessary costs to carry out its sale.

Obsolete, defective or slow-moving inventories
are written down to their estimated net realizable value. Any impairment loss on inventories is recognized in the income statement. The
recoverable amount is calculated based on their age and turnover.

j) Cash and Cash Equivalents

Cash and cash equivalents include cash on hand
and in banks, demand deposits, and other short-term, highly liquid investments with maturities of