| INTANGIBLE ASSETS |
14. INTANGIBLE ASSETS Intangible assets of Grupo Supervielle for fiscal years ended on December 31, 2025 and 2024 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | Gross carrying amount | | Depreciation | | | | | At the | | | | Additions | | | | | | At the | | At the | | | | | | | | At the | | Net carrying | | | beginning | | | | by business | | | | | | End of the | | beginning | | | | By business | | | | End of the | | amount at | Item | | of the year | | Additions | | combinations | | Impairment | | Disposals | | year | | of the year | | Disposals | | combinations | | Of the year | | year | | 12/31/2025 | Measurement at cost | | | | | | | | | | | | | | | | | | | | | | | | | Goodwill | | 77,423,404 | | — | | — | | — | | — | | 77,423,404 | | — | | — | | — | | — | | — | | 77,423,404 | Brands | | 5,245,779 | | — | | — | | — | | — | | 5,245,779 | | — | | — | | — | | — | | — | | 5,245,779 | Other intangible assets(*) | | 358,905,944 | | 57,389,593 | | — | | — | | (1,106,966) | | 415,188,571 | | (223,188,297) | | — | | — | | (42,833,000) | | (266,021,297) | | 149,167,274 | TOTAL | | 441,575,127 | | 57,389,593 | | — | | — | | (1,106,966) | | 497,857,754 | | (223,188,297) | | — | | — | | (42,833,000) | | (266,021,297) | | 231,836,457 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Gross carrying amount | | Depreciation | | | | | At the | | | | Additions | | | | | | At the | | At the | | | | | | | | At the | | Net carrying | | | beginning | | | | by business | | | | | | End of the | | beginning | | | | By business | | | | End of the | | amount at | Item | | of the year | | Additions | | combinations | | Impairment | | Disposals | | year | | of the year | | Disposals | | combinations | | Of the year | | year | | 12/31/2024 | Measurement at cost | | | | | | | | | | | | | | | | | | | | | | | | | Goodwill | | 77,423,404 | | — | | — | | — | | — | | 77,423,404 | | — | | — | | — | | — | | — | | 77,423,404 | Brands | | 5,245,779 | | — | | — | | — | | — | | 5,245,779 | | — | | — | | — | | — | | — | | 5,245,779 | Other intangible assets(*) | | 299,087,545 | | 60,404,601 | | — | | — | | (586,202) | | 358,905,944 | | (188,008,596) | | (19,101) | | — | | (35,160,600) | | (223,188,297) | | 135,717,647 | TOTAL | | 381,756,728 | | 60,404,601 | | — | | — | | (586,202) | | 441,575,127 | | (188,008,596) | | (19,101) | | — | | (35,160,600) | | (223,188,297) | | 218,386,830 |
(*)mainly include systems and programs. 14.1 Goodwill impairment Goodwill is assigned to Grupo Supervielle’s cash generating units on the basis of the operating segments. | | | | | | | 12/31/2025 | | 12/31/2024 | Supervielle Seguros S.A. | | 254,055 | | 254,055 | Banco Regional de Cuyo S.A. | | 1,332,013 | | 1,332,013 | InvertirOnline S.A.U. / Portal Integral de Inversiones S.A.U. | | 48,420,107 | | 48,420,107 | Micro Lending S.A.U. | | 26,665,950 | | 26,665,950 | Supervielle Agente de Negoación S.A.U. | | 134,475 | | 134,475 | Others | | 616,804 | | 616,804 | TOTAL | | 77,423,404 | | 77,423,404 |
The recoverable amount of a cash generating unit is determined on the basis of its value in use. These method uses cash flow projections based on approved financial budgets covering a period of five years. The key assumptions are related to marginal contribution margins. These were determined on the basis of past performance, other external sources of information and the expectations of market development. The discount rates used were 13.2% and they were determined by using the average cost of capital (“WACC”), which is considered a good indicator of the cost of capital. For each cash generating unit, where the assets are assigned, a specific WACC was determined considering the industry and the size of the business. The main macroeconomic assumptions used include the number of borrowings originated by MILA (“Micro Lending”) and IOL (“ InvertirOnline”) operating income: | | | | | | | | | | | | | | | | Real | | Forecast | | Forecast | | Forecast | | Forecast | | Forecast | | | | 2025 | | 2026 | | 2027 | | 2028 | | 2029 | | 2030 | | Inflation (end of period) | | 31.5 | % | 21.6 | % | 9.4 | % | 6.2 | % | 6.2 | % | 6.2 | % | Inflation (average) | | 113.5 | % | 24.4 | % | 14.9 | % | 7.2 | % | 6.2 | % | 6.2 | % | Cost of funding (average) | | 35.7 | % | 26.1 | % | 19.4 | % | 14.4 | % | 10.8 | % | 7.3 | % | Loan’s interest rate (average) | | 51.4 | % | 41.8 | % | 33.6 | % | 27.3 | % | 22.7 | % | 18.4 | % |
Financing volume by Micro Lending | | 320,727 | | 428,203 | | 640,505 | | 816,865 | | 944,049 | | 1,079,512 | | InvertirOnline'Operating income | | 41,599 | | 70,116 | | 91,886 | | 112,964 | | 140,263 | | 172,271 | |
Business keys have been tested at the date of the financial statements and no impairment losses have been identified. The sensitivity analysis of cash-generating units to which key values were allocated was based on a 5% increase in the weighted average cost of capital. The Panel concluded that it would not be necessary to recognize any impairment loss on key securities in the segment under these conditions.
|