Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 46

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 46
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 amortized cost. |

The classification depends on TMA's business model
for managing financial assets and the contractual terms of the cash flows of each financial instrument.

For assets measured at fair value, and according
to the accounting analysis conducted by the company, gains and losses will be recorded in the profit or loss statement or in OCI. For
investments in equity instruments that are not held for trading, it will depend on whether TMA has made an irrevocable election at the
time of initial recognition to account for the equity investment at fair value through other comprehensive income (“FVOCI”).

The company reclassifies debt investments only
when its business model for managing those assets changes.

Subsequent measurements

Debt instruments

Subsequent measurements of debt instruments depend
on TMA’s business model for managing the asset and the characteristics of the asset’s cash flows. TMA uses three measurement
categories to classify its debt instruments:

| - | Amortized Cost: Assets that are held to collect contractual cash flows where those cash flows represent                                   
 only principal and interest payments are measured at amortized cost. Interest income from these financial assets is included in financial 
 income using the effective interest method. Impairment losses are presented under “Other operating expenses – variation of                
 allowances for doubtful accounts” in the income statement.                                                                                |

| - | FVOCI: Assets that are held to collect contractual cash flows and for the sale of the financial assets,                                         
 where the cash flows from the assets represent only principal and interest payments, are measured at FVOCI. Changes in carrying value           
 are recognized in OCI, except for the recognition of impairment losses, interest income, and gains or losses from foreign exchange differences, 
 which are recognized in the income statement. When the financial asset is derecognized, the cumulative gain or loss previously recognized       
 in OCI is reclassified from equity to profit or loss and recognized in the income statement. Interest income from these financial assets        
 is included in finance income using the effective interest method. Foreign exchange gains and losses and impairment expenses are presented      
 separately in the income statement.                                                                                                             |

| - | FVPL: Assets that do not meet the criteria for amortized cost or FVOCI are measured at FVPL (Fair Value                               
 Through Profit or Loss). Any gain or loss on an investment measured at FVPL is recognized in the income statement and presented under 
 "financial income" or "financial expenses" in the period in which it arises.                                                          |

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