| Summary of Cash and Cash Equivalents |
Cash equivalents are held to meet short-term payment commitments, rather than for investment or similar purposes. A financial asset is classified as cash equivalent if it can be readily convertible into a certain amount of cash and its risk of changes in value is immaterial. Accordingly, an investment with original maturity of three months or less is classified as cash equivalent. Equity interests are excluded from cash equivalents. Cash and cash equivalents break down as follows: | | | | | | | | | | | | | | | | | Item | 03.31.25 | 12.31.24 | 03.31.24 | 12.31.23 | | | Cash and Due from Banks | 6,161,588,760 | 7,322,813,233 | 3,386,654,633 | 4,718,751,562 | | Receivables from Repurchase Transactions(1) | 61,046,347 | — | 2,949,243,387 | 2,743,998,555 | | Loans to Financial Institutions(2) | 12,500,000 | 44,839,044 | — | 14,185,443 | | Overnight Placements in Foreign Banks(2) | 138,327,012 | 335,778,093 | 149,057,661 | 41,562,209 | | Mutual Funds (3)(5) | 53,526,408 | 123,743,328 | 120,437,215 | 115,342,332 | | Argentine Central Bank´s Bills and Notes Maturing up to 90 days(4) | — | — | — | 62,754,861 | | Time Deposits Maturing up to 90 days(4) | — | — | — | 28,181,202 | | Transactions for Cash Sales of Government Securities to be settled with the B.C.R.A. (3) | 326,325,820 | 213,906,079 | — | — | | | Total Cash and Cash Equivalents | 6,753,314,347 | 8,041,079,777 | 6,605,392,896 | 7,724,776,164 | |
(1) They are included within “Repurchase Transactions”. This corresponds to highly liquid assets with a maturity period of three months or less. (2) They are included within “Loans and Other Financing”.This corresponds to highly liquid assets with a maturity period of three months or less. (3) They are included within “Other Financial Assets”. This corresponds to highly liquid assets with a maturity period of three months or less. (4) They are included within “Debt Securities at Fair Value through Profit or Loss”. This corresponds to highly liquid assets with a maturity period of three months or less. (5) Mutual funds are comprised of assets with a maturity of less than 3 months. The reconciliation of financing activities as of March 31, 2025 and March 31, 2024 is presented below: | | | | | | | | | | | | | | | | | | | Item | Balances as of 12.31.24 | Cash flow payments | Cash flow receipts | Other movements | Balances as of 03.31.25 | | | | | | | | Lease Liabilities | 58,318,566 | (3,705,683) | — | 2,183,320 | 56,796,203 | | Debt Securities | 1,096,011,970 | (179,298,451) | 238,498,691 | (93,777,533) | 1,061,434,677 | | Subordinated Debt Securities | 288,917,745 | — | — | (17,476,084) | 271,441,661 | | Financing Received from the Argentine Central Bank and Other Financial Institutions | 479,636,814 | (296,499,220) | 300,940,996 | 33,569,899 | 517,648,489 | | Total | 1,922,885,095 | (479,503,354) | 539,439,687 | (75,500,398) | 1,907,321,030 |
| | | | | | | | | | | | | | | | | | | Item | Balances as of 12.31.23 | Cash flow payments | Cash flow receipts | Other movements | Balances as of 03.31.24 | | | | | | | | Lease Liabilities | 69,652,452 | (3,448,955) | — | (16,424,761) | 49,778,736 | | Debt Securities | 219,201,761 | (69,379,174) | 108,691,178 | (26,961,287) | 231,552,478 | | Subordinated Debt Securities | 486,118,312 | — | — | (150,403,587) | 335,714,725 | | Financing Received from the Argentine Central Bank and Other Financial Institutions | 326,569,454 | (223,267,370) | 239,466,682 | (67,862,909) | 274,905,857 | | Total | 1,101,541,979 | (296,095,499) | 348,157,860 | (261,652,544) | 891,951,796 |
The composition of the item “Other Operations” within the section adjustments to obtain activities cash flows is detailed below: | | | | | | | | | | | | | | | Item | | 03.31.25 | | | 03.31.24 | | Monetary position | | (315,896,530) | | | | (602,433,954) | | | Exchange rate | | (188,119,492) | | | | (26,585,121) | | | Others non-cash items | | (173,105,424) | | | | (583,945,924) | | | Total | | (677,121,446) | | | | (1,212,964,999) | |
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