Globant S.A. | CIK:0001557860 | 3

  • Filed: 4/13/2018
  • Entity registrant name: Globant S.A. (CIK: 0001557860)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1557860/000114420418020505/0001144204-18-020505-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1557860/000114420418020505/glob-20171231.xml
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    • ifrs-full:DisclosureOfFinancialAssetsExplanatory

    Except as detailed in the following table, the carrying amounts of financial assets and liabilities included in the consolidated statement of financial position as of December 31, 2017 and 2016, approximate to their fair values.
     
     
     
    December 31, 2017
     
    December 31, 2016
     
     
    Carrying amount
     
    Fair value
     
    Carrying amount
     
    Fair value
    Non-current assets
     
     
     
     
     
     
     
     
    Other receivables
     
     
     
     
     
     
     
     
    Guarantee deposits
     
    1,347

     
    1,226

     
    1,289

     
    1,167

    Tax credit - VAT (*)
     
    2,025

     
    2,096

     
    4,122

     
    3,867

    Income tax credits
     
    2,129

     
    2,059

     
    577

     
    553

    Tax credit - Software Promotion Regime
     
    132

     
    45

     
    —

     
    —

    Other tax credits
     
    105

     
    56

     
    —

     
    —

     
     
    5,738

     
    5,482

     
    5,988

     
    5,587


    (*) Net of allowance for impairment of tax credits.
     
     
    As of December 31,
     
     
    2017
     
    2016
    Financial assets
     
     

     
     

    Cash and cash equivalents
     
    52,525

     
    50,532

    HFT assets
     
    8,147

     
    9,355

    Other financial assets
     
    1,428

     
    1,219

    Loans and receivables
     
    126,171

     
    100,504

     
     
     
     
     
    Financial liabilities
     
     
     
     
      Amortized cost
     
     
     
     
    Trade payables
     
    11,640

     
    5,603

    Payroll and social security taxes
     
    40,472

     
    30,328

    Borrowings
     
    6,011

     
    217

    Other financial liabilities (1)
     
    29,238

     
    31,826

    Tax liabilities
     
    5,253

     
    6,249

    Other liabilities
     
    20

     
    20

     
    (1) As of December 31, 2017, other financial liabilities include 6,099, 816, 3,653, 3,876 and 9,461 related to contingent liability arisen in Clarice, WAE, L4, Ratio and PointSource acquisitions, respectively, which are measured at fair value (see note 27.10.1).
     
     
    Foreign currency
     
    Notional foreign
     
    Fair value assets /
     
     
    rate from contracts
     
    currency rate
     
    (liabilities)
    Less than 3 months
     
    18.045

     
    18.95

     
    73

    Fair value as of December 31, 2017
     
     
     
     
     
    73