2022 Report and Financial Statements
2022 REPORT AND FINANCIAL STATEMENTS - BANCO REGIONAL
LETTER FROM THE PRESIDENT
ECONOMIC AND FINANCIAL PERFORMANCE
ALLOWANCES
Gs. (NOTE c.7)
394.789.001.356
170.889.684.729
(77.581.376.908)
(133.938.359.317)
93.561.830.985
As of December 31, 2021
ITEM
Assets received in recovery of receivables
Fiduciary rights
Permanent investments in private companies
(note b.4)
Permanent investments - Bonds of Tape Pora SA
Permanent investments - Subordinated bonds
Investments in fixed-income securities issued by
the private sector
Income on investments in the private sector
Other investments
Total
BOOK BALANCE BEFORE ALLOWANCES
Gs.
68.272.857.139
2.250.000.000
67.546.000.000
783.672.970
4.475.763
798.097.522.942
c.9 Fixed Assets
II
(211.519.736.225)
32
BOOK BALANCE NET OF ALLOWANCES
Gs.
317.207.624.448
36.951.325.412
93.561.830.985
68.272.857.139
2.250.000.000
67.546.000.000
783.672.970
4.475.763
586.577.786.717
The initial recognition of these assets corresponds to the acquisition cost. Subsequent valuation of these assets is presented net of accumulated depreciation and, if applicable, net of impairment.
Until December 31, 2019, Fixed Assets are valued at revalued cost, in accordance with the Consumer Price Indicator (CPI, known by its Spanish acronym IPC) variation, minus accumulated depreciation. The net amount
of the revaluation offsetting entry is shown in the “Adjustments to equity” account in shareholders' equity. As of financial year 2020, the revaluation of Fixed Assets will only be mandatory when the CPI variation exceeds
20% accumulated since the financial year in which the last revaluation was made.
The cost of improvements or additions are capitalized, while maintenance and repair expenses that do not increase the value of the assets or their service life are charged to income in the year in which they are incurred.
Depreciations are calculated starting from the month following the incorporation into the Institution's Assets, through monthly charges to results based on the linear system, in the estimated years of service life. The
residual value of property, plant and equipment is determined based on Decree No. 3182/2019, which does not exceed its recoverable value at year-end.
The composition of the fixed assets as of December 31, 2022 and 2021 respectively, is as follows:View entire presentation