XML 64 R57.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Income tax (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2018
Income Tax |
Schedule of income tax | The details of the provision for the Group’s income tax, is as follows:
| June 30, 2018 |  | June 30, 2017 |  | June 30, 2016
Current income tax | (425) |  | (745) |  | (567)
Deferred income tax | 549 |  | (2,021) |  | (5,784)
MPIT | - |  | - |  | 26
Income tax from continuing operations | 124 |  | (2,766) |  | (6,325)
Schedule of statutory taxes rates | The statutory taxes rates in the countries where the Group operates for all of the years presented are:
Tax jurisdiction |  | Income tax rate
Argentina |  | 25% - 35%
Uruguay |  | 0% - 25%
U.S.A. |  | 0% - 45%
Bermudas |  | 0%
Israel |  | 23% - 24%
Schedule of reconciliation of income tax expense | Below is a reconciliation between income tax expense and the tax calculated applying the current tax rate, applicable in the respective countries, to profit before taxes for years ended June 30, 2018, 2017 and 2016:
| June 30, 2018 |  | June 30, 2017 |  | June 30, 2016
Loss from continuing operations at tax rate applicable in the respective countries | (3,571) |  | (1,963) |  | (5,622)
Permanent differences: |  |  |  |  |
Share of profit of associates and joint ventures | (71) |  | 130 |  | (226)
Unrecognized tax loss carryforwards (i) | (1,557) |  | (1,209) |  | (169)
Changes in fair value of financial instruments (ii) | (346) |  | 434 |  | -
Change of tax rate (ii) | 5,676 |  | 396 |  | (450)
Non-taxable profit / (loss), non-deductible expenses and others | (7) |  | (554) |  | 116
Income tax from continuing operations | 124 |  | (2,766) |  | (6,351)
MPIT | - |  | - |  | 26
(i) Corresponds mainly to holding companies in the Operations Center in Israel (ii) As of June 30, 2018 corresponds to the effect of applying the changes in the tax rates applicable in accordance with the tax reform explained above, being Ps. 405 the effect of the rate change in US and Ps. 5,271 the effect of the rate change in Argentina. As of June 30, 2017 and 2016 the rate change was in Israel.
Schedule of deferred tax assets and liabilities | Deferred tax assets and liabilities of the Group as of June 30, 2018 and 2017 will be recovered as follows:
| June 30, 2018 |  | June 30, 2017
Deferred income tax asset to be recovered after more than 12 months | 5,865 |  | 5,577
Deferred income tax asset to be recovered within 12 months | 1,093 |  | 159
Deferred income tax assets | 6,958 |  | 5,736
| June 30, 2018 |  | June 30, 2017
Deferred income tax liability to be recovered after more than 12 months | (32,597) |  | (19,027)
Deferred income tax liability to be recovered within 12 months | (178) |  | (9,448)
Deferred income tax liability | (32,775) |  | (28,475)
Deferred income tax assets (liabilities), net | (25,817) |  | (22,739)
Schedule of movement in the deferred income tax assets and liabilities | The movement in the deferred income tax assets and liabilities during the years ended June 30, 2018 and 2017, without taking into consideration the offsetting of balances within the same tax jurisdiction, is as follows:
| 06.30.17 |  | Business combination and Assets held for sale (i) |  | Cumulative translation adjustment |  | Charged / (Credited) to the statements of income |  | Deconsolidation |  | 06.30.18
Assets |  |  |  |  |  |  |  |  |  |  |
Trade and other payables | 2,021 |  | - |  | 526 |  | (591) |  | - |  | 1,956
Tax loss carry-forwards | 2,955 |  | 1 |  | 746 |  | 703 |  | - |  | 4,405
Others | 760 |  | - |  | 523 |  | (268) |  | (418) |  | 597
Subtotal assets | 5,736 |  | 1 |  | 1,795 |  | (156) |  | (418) |  | 6,958
Liabilities | - |  | - |  | - |  | - |  | - |  | -
Investment properties and Property, plant and equipment | (24,176) |  | (14) |  | (6,640) |  | (300) |  | 2,445 |  | (28,685)
Trading properties | (99) |  | - |  | (73) |  | 20 |  | - |  | (152)
Trade and other receivables | (305) |  | - |  | - |  | (81) |  | - |  | (386)
Investments | (9) |  | - |  | 1 |  | (16) |  | - |  | (24)
Intangible assets | (2,682) |  | - |  | 126 |  | 433 |  | 781 |  | (1,342)
Others | (1,204) |  | - |  | (1,341) |  | 359 |  | - |  | (2,186)
Subtotal liabilities | (28,475) |  | (14) |  | (7,927) |  | 415 |  | 3,226 |  | (32,775)
Assets (Liabilities), net | (22,739) |  | (13) |  | (6,132) |  | 259 |  | 2,808 |  | (25,817)
| 06.30.16 |  | Business combination and Assets held for sale (i) |  | Cumulative translation adjustment |  | Charged / (Credited) to the statements of income |  | Reclassification opening balances |  | Use of tax loss carry-forwards |  | 06.30.17
Assets |  |  |  |  |  |  |  |  |  |  |  |  |
Trade and other payables | 1,774 |  | - |  | 281 |  | (34) |  | - |  | - |  | 2,021
Tax loss carry-forwards | 3,251 |  | - |  | 488 |  | (613) |  | - |  | (171) |  | 2,955
Others | 724 |  | (47) |  | 136 |  | (53) |  | - |  | - |  | 760
Subtotal assets | 5,749 |  | (47) |  | 905 |  | (700) |  | - |  | (171) |  | 5,736
Liabilities | - |  | - |  | - |  | - |  | - |  | - |  | -
Investment properties and Property, plant and equipment | (20,772) |  | - |  | (1,888) |  | (1,575) |  | 59 |  | - |  | (24,176)
Trading properties | (120) |  | - |  | (24) |  | 45 |  | - |  | - |  | (99)
Trade and other receivables | (142) |  | (7) |  | - |  | (156) |  | - |  | - |  | (305)
Investments | (10) |  | - |  | 1 |  | - |  | - |  | - |  | (9)
Intangible assets | (2,860) |  | - |  | (312) |  | 490 |  | - |  | - |  | (2,682)
Others | (944) |  | 36 |  | (122) |  | (174) |  | - |  | - |  | (1,204)
Subtotal liabilities | (24,848) |  | 29 |  | (2,345) |  | (1,370) |  | 59 |  | - |  | (28,475)
Assets (Liabilities), net | (19,099) |  | (18) |  | (1,440) |  | (2,070) |  | 59 |  | (171) |  | (22,739)
(i) Includes Ps. 6 for business combination (Note 4) and Ps. 12 for reclassification to assets held for sale (Note 31).
Schedule of tax loss carry forward | As of June 30, 2018, the Group's recognized tax loss carry forward prescribed as follows:
Date |  | Total
2019 |  | 49
2020 |  | 35
2021 |  | 33
2022 |  | 9
2023 |  | 2,875
Do not expire |  | 1,404
Total |  | 4,405

X
- Definition Tabular information about deferred tax assets. + References No definition available. + Details
Name: | irsa_DisclosureOfDeferredTaxAssetsExplanatory
Namespace Prefix: | irsa_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular information about movement in the deferred income tax assets and liabilities. + References No definition available. + Details
Name: | irsa_DisclosureOfMovementInTheDeferredIncomeTaxAssetsAndLiabilitiesExplanatory
Namespace Prefix: | irsa_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular information about reconciliation income tax expense. + References No definition available. + Details
Name: | irsa_DisclosureOfReconciliationIncomeTaxExpenseExplanatory
Namespace Prefix: | irsa_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular information about statutory taxes rates. + References No definition available. + Details
Name: | irsa_DisclosureOfStatutoryTaxesRatesExplanatory
Namespace Prefix: | irsa_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular information about tax loss carry forward. + References No definition available. + Details
Name: | irsa_DisclosureOfTaxLossCarryForwardExplanatory
Namespace Prefix: | irsa_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | irsa_IncomeTaxAbstract
Namespace Prefix: | irsa_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular information about income tax. + References No definition available. + Details
Name: | irsa_ScheduleOfIncomeTaxExplanatory
Namespace Prefix: | irsa_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration