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Borrowings (Tables)
 12 Months Ended
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