Income Tax (Tables)

12 Months Ended

Dec. 31, 2022

Statement [LineItems]

Summary of Deferred Tax Assets and Deferred Tax Liabilities

Deferred tax assets and deferred tax liabilities in the statement of financial position are as follows:

Composition	12/31/2022		12/31/2021
Deferred tax assets
Loans and other financing		3,767,723		5,130,863
Provisions and employee benefits		1,547,519		2,131,922
Allowances for contingencies		895,959		894,586
Leases		333,342		342,289
Investments in other companies		62,489
Other		731,636		774,998
Total deferred tax assets		7,338,668		9,274,658

Composition	12/31/2022		12/31/2021
Deferred tax liabilities
Property, plant and equipment and other non-financial assets		11,098,037		10,996,257
Intangible assets		6,062,959		5,712,777
Investments in other companies				2,398,004
Tax effects on forward sales		3,093,064		1,816,643
Other		145,942		427,045
Total deferred tax liabilities		20,400,002		21,350,726
Net deferred tax liabilities		13,061,334		12,076,068

Schedule of Changes in Net Deferred Tax Liabilities

Changes in net deferred tax assets and liabilities as of December 31, 2022 and 2021 are summarized as follows:

Composition	12/31/2022		12/31/2021
Net deferred tax liabilities at beginning of the fiscal year		12,076,068		21,713,475
Loss / (Profit) for deferred taxes recognized in the statement of income		985,266		(9,637,407	)
Net deferred tax liabilities at fiscal year end		13,061,334		12,076,068

Schedule of Income Tax Expense in the Consolidated Financial Statements

The main items of income tax expense in the consolidated Financial Statements are as follows:

Composition	12/31/2022			12/31/2021			12/31/2020
Current income tax expense (1)		17,384,600			11,947,717			18,717,802
Loss / (Profit) for deferred taxes		985,266			(9,637,407	)		19,643,360
Income tax loss recorded in the statement of income		18,369,866			2,310,310			38,361,162
Income tax (profit) / loss recorded in other comprehensive income		(2,447,327	)		2,355,647			376,372
Total		15,922,539			4,665,957			38,737,534

(1) See section “Fiscal years 2019 and 2020” of this note.

Summary of Reconciliation between Income Tax and the Amounts Obtained By Applying the Current Tax Rate in Argentina to the Income Carrying Amount

The table below shows the reconciliation between income tax and the amounts obtained by applying the current tax rate in Argentina to the income carrying amount:

Composition	12/31/2022			12/31/2021			12/31/2020
Income carrying amount before income tax		59,143,532			46,865,902			115,262,256
Applicable income tax rate		35	%		35	%		30	%
Income tax on income carrying amount		20,700,236			16,403,066			34,578,677
Net permanent differences and other tax effects including the fiscal inflation adjustment		(2,330,370	)		(14,092,756	)		3,782,485
Total income tax		18,369,866			2,310,310			38,361,162