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Borrowings (Tables) | 12 Months Ended
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Jun. 30, 2018
Borrowings [abstract] |
Schedule of fair value of borrowings | The breakdown and the fair value of the Group borrowings as of June 30, 2018 and 2017 was as follows:
| Total as of June 30, 2018 |  | Total as of June 30, 2017 |  | Fair value as of June 30, 2018 |  | Fair value as of June 30, 2017
NCN | 171,142 |  | 108,417 |  | 183,338 |  | 110,164
Bank loans | 31,244 |  | 12,012 |  | 31,837 |  | 12,048
Non-recourse loans | - |  | 7,025 |  | - |  | 6,930
Bank overdrafts | 671 |  | 91 |  | 671 |  | 91
Other borrowings (i) | 3,576 |  | 1,870 |  | 4,761 |  | 1,828
Total borrowings | 206,633 |  | 129,415 |  | 220,607 |  | 131,061
Non-current | 181,046 |  | 109,489 |  |  |  |
Current | 25,587 |  | 19,926 |  |  |  |
Total (ii) | 206,633 |  | 129,415 |  |  |  |
(i) Includes financial leases for Ps. 16 and Ps. 4 as of June 30, 2018 and 2017. (ii) Includes Ps. 180,814 and Ps. 119,103 as of June 30, 2018 and 2017, respectively, corresponding to the Operations Center in Israel.
Schedule of maturity of the group's borrowings | The maturity of the Group's borrowings (excluding obligations under finance leases) is as follows:
| June 30, 2018 |  | June 30, 2017
Share capital |  |  |
Less than 1 year | 23,865 |  | 18,672
Between 1 and 2 years | 25,722 |  | 14,352
Between 2 and 3 years | 22,728 |  | 14,998
Between 3 and 4 years | 18,887 |  | 11,918
Between 4 and 5 years | 47,546 |  | 10,737
Later than 5 years | 66,054 |  | 57,438
| 204,802 |  | 128,115
Interest |  |  |
Less than 1 year | 1,714 |  | 1,253
Between 1 and 2 years | 30 |  | 4
Between 2 and 3 years | 33 |  | 7
Between 3 and 4 years | 5 |  | 19
Between 4 and 5 years | - |  | 5
Later than 5 years | 33 |  | 8
| 1,815 |  | 1,296
Leases | 16 |  | 4
| 206,633 |  | 129,415
Schedule of borrowing by type of fixed-rate and floating-rate | The following tables shows a breakdown of Group’s borrowing by type of fixed-rate and floating-rate, per currency denomination and per functional currency of the subsidiary that holds the loans for the fiscal years ended June 30, 2018 and 2017.
| June 30, 2018
Rate per currency | Argentine Peso | Uruguayan Peso | New Israel Shekel | Total
Fixed rate: |  |  |  |
Argentine Peso | 1,049 | - | - | 1,049
New Israel Shekel | - | - | 80,685 | 80,685
US Dollar | 23,228 | 372 | 12,273 | 35,873
Subtotal fixed-rate borrowings | 24,277 | 372 | 92,958 | 117,607
Floating rate: |  |  |  |
Argentine Peso | 1,154 | - | - | 1,154
New Israel Shekel | - | - | 86,214 | 86,214
US Dollar | - | - | 1,642 | 1,642
Subtotal floating-rate borrowings | 1,154 | - | 87,856 | 89,010
Total borrowings as per analysis | 25,431 | 372 | 180,814 | 206,617
Finance leases obligations | 16 | - | - | 16
Total borrowings as per Statement of Financial Position | 25,447 | 372 | 180,814 | 206,633
| June 30, 2017
Rate per currency | Argentine Peso | Uruguayan Peso | New Israel Shekel | Total
Fixed rate: |  |  |  |
Argentine Peso | 79 | - | - | 79
New Israel Shekel | - | - | 35,867 | 35,867
US Dollar | 11,222 | 135 | 7,741 | 19,098
Subtotal fixed-rate borrowings | 11,301 | 135 | 43,608 | 55,044
Floating rate: |  |  |  |
Argentine Peso | 540 | - | - | 540
New Israel Shekel | - | - | 72,805 | 72,805
US Dollar | - | - | 1,022 | 1,022
Subtotal floating-rate borrowings | 540 | - | 73,827 | 74,367
Total borrowings as per analysis | 11,841 | 135 | 117,435 | 129,411
Finance leases obligations | 4 | - | - | 4
Total borrowings as per Statement of Financial Position | 11,845 | 135 | 117,435 | 129,415
Schedule of debt issuances | The following describes the debt issuances made by the Group for the years ended June 30, 2018, and 2017:
Entity | Class | Issuance / expansion date | Amount in original currency | Maturity date | Interest | Principal payment | Interest payment |
rate
IRSA | Class VII | sep-16 | 384.2 | 9/9/2019 | Badlar + 2.99% n.a | At expiration | quarterly |
IRSA | Class VIII | sep-16 | US$ 184.5 | 9/9/2019 | 7% n.a. | At expiration | quarterly |
IRSA CP | Class IV | sep-17 | US$ 140 | 9/14/2020 | 5% n.a. | At expiration | quarterly |
IDBD | SERIES N | aug-16 | NIS 325 | 12/29/2022 | 5.3% e.a | At expiration | quarterly | (1)
IDBD | SERIES M | feb-17 | NIS 1,060 | 11/28/2019 | 5.40% n.a. | At expiration | quarterly |
IDBD | SERIES N | jul-17 | NIS 642.1 | 12/30/2022 | 5.3% e.a | At expiration | quarterly | (1)
IDBD | SERIES N | nov-17 | NIS 357 | 12/30/2022 | 5.3% e.a | At expiration | quarterly | (2)
DIC | SERIES F | aug-16 | NIS 360 | 12/31/2025 | 4.95% e.a. | Annual payments since 2017 | annual |
DIC | SERIES F | apr-17 | NIS 444 | 12/31/2025 | 4.95% e.a. | Annual payments since 2017 | annual |
DIC | SERIES J | dec-17 | NIS 762 | 12/30/2026 | 4.8% e.a. | Annual payments since 2021 | biannual | (2)
PBC | SERIES I | oct-16 | NIS 102 | 6/29/2029 | 3.95% e.a. | At expiration | quarterly |
PBC | SERIES I | apr-17 | NIS 431 | 6/29/2029 | 3.95% e.a. | At expiration | quarterly |
PBC | SERIES I | oct-17 | NIS 497 | 6/29/2029 | 3.95% e.a. | At expiration | quarterly |
PBC | SERIES I | dec-17 | NIS 496 | 6/29/2029 | 3.95% e.a. | At expiration | quarterly | (2)
Gav - Yam | SERIES F | apr-17 | NIS 303 | 3/31/2026 | 4.75% e.a. | Annual payments since 2021 | biannual |
Gav - Yam | SERIES H | sep-17 | NIS 424 | 6/30/2034 | 2.55% e.a. | Annual payments since 2019 | biannual |
Cellcom | SERIES L | jan-18 | NIS 401 | 1/5/2028 | 2.5% e.a. | Annual payments since 2023 | annual |
Shufersal | SERIES E | jan-18 | NIS 544 | 10/8/2028 | 4.3% e.a. | Annual payments since 2018 | annual |
Shufersal | SERIES E | jan-18 | NIS 544 | 10/8/2028 | 4.3% e.a. | Annual payments since 2018 | annual | (2)
| (1) | IDBD has the right to make an early repayment, totally or partially. As a guarantee for the full compliance of all the commitments IDBD has pledged approximately 60.4 million shares of DIC under a single fixed charge of first line and in guarantee of by means of the lien, in an unlimited amount, in favor of the trustee for the holders of the debentures.
| (2) | Corresponds a to an expansion of the series.
Schedule of evolution of borrowing | The following table shows a detail of evolution of borrowing during the years ended June 30, 2018 and 2017:
| June 30, 2018 |  | June 30, 2017
Balance at the beginning of the year | 129,415 |  | 112,936
Borrowings | 17,853 |  | 26,596
Payment of borrowings | (17,969) |  | (17,780)
Obtention / (payment) of short term loans, net | 345 |  | (862)
Interests paid | (6,999) |  | (5,326)
Deconsolidation (see Note 4.G.) | (21,310) |  | -
Accrued interests | 8,288 |  | 6,192
Changes in fair value of third-party loans | 114 |  | -
Loans received from associates and joint ventures, net | 4 |  | -
Cumulative translation adjustment and exchange differences, net | 96,892 |  | 7,659
Balance at the end of the year | 206,633 |  | 129,415

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