| Summary of information about lease asset and liabilities |
Amounts recognized in the Statement of Financial Position: | | | | | | | | | | 12.31.24 | 12.31.23 | Right-of-use asset (1) | 61,191,388 | | 42,025,758 | | | Real estate | 61,191,388 | | 42,025,758 | | Lease Liabilities (2) | (58,318,566) | | (69,652,452) | |
(1) Recorded in Property, Plant and Equipment. (2) Recorded in Other Financial Liabilities, see Note 25.
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| Summary of information about income statement disclosures of leases |
Amounts recognized in the Statement of Income: | | | | | | | | | | 12.31.24 | 12.31.23 | Charge for depreciation of right-of-use assets (1)(2) | (13,706,977) | | (15,983,987) | | Interest Expenses (3) | (6,151,262) | | (8,048,889) | | Expenses related to short-term leases (4) | (142,705) | | (509,901) | | Expenses related to low-value assets leases (4) | (1,404,141) | | (1,231,869) | | Sublease Income (5) | 231,092 | | 166,837 | |
(1)Depreciation for right of use of Real Property. (2)Recorded in Depreciation Expenses, see Note 39. (3)Recorded in Other Operating Expenses, Lease Interest, see Note 40. (4)Recorded in Administrative Expenses, see Note 38. (5)Recorded in Other Operating Income, see Note 34.
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| Summary of quantitative information about right of use assets and lease liabilities |
The roll forward of right -of-use assets and lease liabilities during the years 2024 and 2023 is as follows: | | | | | | | | | | Right-of-use assets | 12.31.24 | 12.31.23 | | Balances at the beginning of the year | 42,025,758 | | 54,427,635 | | | Acquisitions through business combinations (*) | 25,308,773 | | — | | | Additions | 11,530,430 | | 12,496,562 | | | Cancellation of contracts | (3,966,596) | | (8,914,452) | | | Depreciation of the year | (13,706,977) | | (15,983,987) | | | Balances at the end of the year | 61,191,388 | | 42,025,758 | |
| | | | | | | | | Lease liabilities(1) | 12.31.24 | 12.31.23 | | Balances at the beginning of the year | 69,652,452 | | 56,510,288 | | | Acquisitions through business combinations | 15,956,011 | | — | | | New contracts | 11,530,430 | | 12,496,562 | | | Cancellation of contracts | (4,226,132) | | (8,914,452) | | | Lease payments | (14,129,458) | | (15,067,042) | | | Leases financial cost | 6,151,262 | | 8,048,889 | | | Translation differences and inflation adjustment | (26,615,999) | | 16,578,207 | | | Balances at the end of the year | 58,318,566 | | 69,652,452 | |
(1)Recorded in the item Other Financial Liabilities, see Note 25.
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