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Financial instruments by category (Tables) | 12 Months Ended
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Jun. 30, 2019
Financial Instruments By Category [Abstract] |
Schedule of financial assets and financial liabilities |
|  | Financial assets at amortized cost (i) |  |  | Financial assets at fair value through profit or loss |  |  | Subtotal financial assets |  |  | Non-financial assets |  |  | Total |
|  |  |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  |  |  |  |  |  |  |  |
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets as per Statement of Financial Position |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade and other receivables (excluding the allowance for doubtful accounts and other receivables) |  |  | 28,988 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 28,988 |  |  |  | 7,782 |  |  |  | 36,770 |
Investments in financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Public companies' securities |  |  | - |  |  |  | 957 |  |  |  | 138 |  |  |  | 28 |  |  |  | 1,123 |  |  |  | - |  |  |  | 1,123 |
- Private companies' securities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,826 |  |  |  | 1,826 |  |  |  | - |  |  |  | 1,826 |
- Deposits |  |  | 3,664 |  |  |  | 36 |  |  |  | - |  |  |  | - |  |  |  | 3,700 |  |  |  | - |  |  |  | 3,700 |
- Bonds |  |  | - |  |  |  | 16,728 |  |  |  | 1,062 |  |  |  | 998 |  |  |  | 18,788 |  |  |  | - |  |  |  | 18,788 |
- Investments in financial assets with quotation |  |  | - |  |  |  | 9,234 |  |  |  | 436 |  |  |  | - |  |  |  | 9,670 |  |  |  | - |  |  |  | 9,670 |
Derivative financial instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Foreign-currency future contracts |  |  | - |  |  |  | - |  |  |  | 29 |  |  |  | - |  |  |  | 29 |  |  |  | - |  |  |  | 29 |
- Others |  |  | - |  |  |  | - |  |  |  | 12 |  |  |  | 95 |  |  |  | 107 |  |  |  | - |  |  |  | 107 |
Restricted assets (ii) |  |  | 7,460 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7,460 |  |  |  | - |  |  |  | 7,460 |
Financial assets held for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Clal |  |  | - |  |  |  | 15,839 |  |  |  | - |  |  |  | - |  |  |  | 15,839 |  |  |  | - |  |  |  | 15,839 |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Cash at bank and on hand |  |  | 6,726 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 6,726 |  |  |  | - |  |  |  | 6,726 |
- Short-term investments |  |  | 52,387 |  |  |  | 1,369 |  |  |  | - |  |  |  | - |  |  |  | 53,756 |  |  |  | - |  |  |  | 53,756 |
Total assets |  |  | 99,225 |  |  |  | 44,163 |  |  |  | 1,677 |  |  |  | 2,947 |  |  |  | 148,012 |  |  |  | 7,782 |  |  |  | 155,794 |
|  | Financial liabilities at amortized cost (i) |  |  | Financial liabilities at fair value through profit or loss |  |  | Subtotal financial liabilities |  |  | Non-financial liabilities |  |  | Total |
|  |  |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  |  |  |  |  |  |  |  |
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities as per Statement of Financial Position |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade and other payables |  |  | 14,768 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 14,768 |  |  |  | 5,546 |  |  |  | 20,314 |
Borrowings (excluding finance leases) |  |  | 312,512 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 312,512 |  |  |  | - |  |  |  | 312,512 |
Derivative financial instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Swaps |  |  | - |  |  |  | - |  |  |  | 134 |  |  |  | - |  |  |  | 134 |  |  |  | - |  |  |  | 134 |
- Others |  |  | - |  |  |  | - |  |  |  | 871 |  |  |  | 48 |  |  |  | 919 |  |  |  | - |  |  |  | 919 |
Total liabilities |  |  | 327,280 |  |  |  | - |  |  |  | 1,005 |  |  |  | 48 |  |  |  | 328,333 |  |  |  | 5,546 |  |  |  | 333,879 |
| (i) | The fair value of financial assets and liabilities at their amortized cost does not differ significantly from their book value, except for borrowings (Note 19).
| (ii) | Corresponds to deposits in guarantee and escrows.
Financial assets and financial liabilities as of June 30, 2018 were as follows:
|  | Financial assets at amortized cost (i) |  |  | Financial assets at fair value through profit or loss |  |  | Subtotal financial assets |  |  | Non-financial assets |  |  | Total |
|  |  |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  |  |  |  |  |  |  |  |
June 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets as per Statements of Financial Position |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade and other receivables (excluding the allowance for doubtful accounts and other receivables) |  |  | 29,024 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 29,024 |  |  |  | 8,156 |  |  |  | 37,180 |
Investments in financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Public companies' securities |  |  | - |  |  |  | 1,282 |  |  |  | - |  |  |  | 210 |  |  |  | 1,492 |  |  |  | - |  |  |  | 1,492 |
- Private companies' securities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,817 |  |  |  | 1,817 |  |  |  | - |  |  |  | 1,817 |
- Deposits |  |  | 2,172 |  |  |  | 37 |  |  |  | - |  |  |  | - |  |  |  | 2,209 |  |  |  | - |  |  |  | 2,209 |
- Bonds |  |  | 16 |  |  |  | 21,669 |  |  |  | 786 |  |  |  | 1,234 |  |  |  | 23,705 |  |  |  | - |  |  |  | 23,705 |
- Investments in financial assets with quotation |  |  | - |  |  |  | 13,102 |  |  |  | - |  |  |  | - |  |  |  | 13,102 |  |  |  | - |  |  |  | 13,102 |
Derivative financial instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Foreign-currency future contracts |  |  | - |  |  |  | - |  |  |  | 110 |  |  |  | - |  |  |  | 110 |  |  |  | - |  |  |  | 110 |
- Others |  |  | - |  |  |  | - |  |  |  | 25 |  |  |  | - |  |  |  | 25 |  |  |  | - |  |  |  | 25 |
Restricted assets (ii) |  |  | 9,784 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 9,784 |  |  |  | - |  |  |  | 9,784 |
Financial assets held for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Clal |  |  | - |  |  |  | 19,064 |  |  |  | - |  |  |  | - |  |  |  | 19,064 |  |  |  | - |  |  |  | 19,064 |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Cash at bank and on hand |  |  | 10,037 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 10,037 |  |  |  | - |  |  |  | 10,037 |
- Short term investments |  |  | 44,080 |  |  |  | 3,938 |  |  |  | - |  |  |  | - |  |  |  | 48,018 |  |  |  | - |  |  |  | 48,018 |
Total assets |  |  | 95,113 |  |  |  | 59,092 |  |  |  | 921 |  |  |  | 3,261 |  |  |  | 158,387 |  |  |  | 8,156 |  |  |  | 166,543 |
|  | Financial liabilities at amortized cost (i) |  |  | Financial liabilities at fair value through profit or loss |  |  | Subtotal financial liabilities |  |  | Non-financial liabilities |  |  | Total |
|  |  |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  |  |  |  |  |  |  |  |
June 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities as per Statement of Financial Position |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade and other payables |  |  | 16,280 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 16,280 |  |  |  | 12,271 |  |  |  | 28,551 |
Borrowings (excluding finance leases) |  |  | 321,438 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 321,438 |  |  |  | - |  |  |  | 321,438 |
Derivative financial instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Foreign-currency future contracts |  |  | - |  |  |  | - |  |  |  | 12 |  |  |  | - |  |  |  | 12 |  |  |  | - |  |  |  | 12 |
- Swaps |  |  | - |  |  |  | - |  |  |  | 73 |  |  |  | - |  |  |  | 73 |  |  |  | - |  |  |  | 73 |
- Others |  |  | - |  |  |  | 13 |  |  |  | - |  |  |  | 36 |  |  |  | 49 |  |  |  | - |  |  |  | 49 |
- Forwards |  |  | - |  |  |  | - |  |  |  | 185 |  |  |  | - |  |  |  | 185 |  |  |  | - |  |  |  | 185 |
Total liabilities |  |  | 337,718 |  |  |  | 13 |  |  |  | 270 |  |  |  | 36 |  |  |  | 338,037 |  |  |  | 12,271 |  |  |  | 350,308 |
| (i) | The fair value of financial assets and liabilities at their amortized cost does not differ significantly from their book value, except for borrowings (Note 19).
| (ii) | Corresponds to deposits in guarantee and escrows.
Schedule of book value of financial instruments recognized | The following are details of the book value of financial instruments recognized, which were offset in the statements of financial position:
|  | As of June 30, 2019 |  |  | As of June 30, 2018 |
|  | Gross amounts recognized |  |  | Gross amounts offset |  |  | Net amount presented |  |  | Gross amounts recognized |  |  | Gross amounts offset |  |  | Net amount presented |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade and other receivables (excluding the allowance for doubtful accounts and other receivables) |  |  | 30,501 |  |  |  | (1,513 | ) |  |  | 28,988 |  |  |  | 30,379 |  |  |  | (1,355 | ) |  |  | 29,024 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade and other payables |  |  | 16,281 |  |  |  | (1,513 | ) |  |  | 14,768 |  |  |  | 17,635 |  |  |  | (1,355 | ) |  |  | 16,280 |
Schedule of income, expense, gains and losses on financial instruments | Income, expense, gains and losses on financial instruments can be assigned to the following categories:
|  | Financial assets / liabilities at amortized cost |  |  | Financial assets / liabilities at fair value through profit or loss |  |  | Total |
June 30, 2019 |  |  |  |  |  |  |  |  |
Interest income |  |  | 854 |  |  |  | - |  |  |  | 854 |
Interest expense |  |  | (15,549 | ) |  |  | - |  |  |  | (15,549 | )
Foreign exchange gains, net |  |  | 873 |  |  |  | - |  |  |  | 873 |
Dividend income |  |  | 68 |  |  |  | - |  |  |  | 68 |
Fair value gain on financial assets at fair value through profit or loss (i) |  |  | - |  |  |  | 1,645 |  |  |  | 1,645 |
Gain on derivative financial instruments, net |  |  | - |  |  |  | 360 |  |  |  | 360 |
Other finance costs |  |  | 623 |  |  |  | - |  |  |  | 623 |
Total financial instruments |  |  | (13,131 | ) |  |  | 2,005 |  |  |  | (11,126 | )
|  | Financial assets / liabilities at amortized cost |  |  | Financial assets / liabilities at fair value through profit or loss |  |  | Total |
June 30, 2018 |  |  |  |  |  |  |  |  |
Interest income |  |  | 930 |  |  |  | - |  |  |  | 930 |
Interest expense |  |  | (13,645 | ) |  |  | - |  |  |  | (13,645 | )
Loss from debt exchange |  |  | (4,297 | ) |  |  | - |  |  |  | (4,297 | )
Foreign exchange losses, net |  |  | (9,460 | ) |  |  | - |  |  |  | (9,460 | )
Dividend income |  |  | 146 |  |  |  | 78 |  |  |  | 224 |
Fair value loss on financial assets at fair value through profit or loss |  |  | - |  |  |  | (1,400 | ) |  |  | (1,400 | )
(Loss) / Gain on derivative financial instruments, net |  |  | (2 | ) |  |  | 282 |  |  |  | 280 |
Other finance costs |  |  | (89 | ) |  |  | - |  |  |  | (89 | )
Total financial instruments |  |  | (26,417 | ) |  |  | (1,040 | ) |  |  | (27,457 | )
|  | Financial assets / liabilities at amortized cost |  |  | Financial assets / liabilities at fair value through profit or loss |  |  | Total |
June 30, 2017 |  |  |  |  |  |  |  |  |
Interest income |  |  | 1,063 |  |  |  | - |  |  |  | 1,063 |
Interest expense |  |  | (13,185 | ) |  |  | - |  |  |  | (13,185 | )
Foreign exchange gains, net |  |  | 1,000 |  |  |  | 8 |  |  |  | 1,008 |
Dividend income |  |  | 10 |  |  |  | 79 |  |  |  | 89 |
Fair value gain on financial assets at fair value through profit or loss |  |  | - |  |  |  | 5,152 |  |  |  | 5,152 |
Gain on derivative financial instruments, net |  |  | 4 |  |  |  | 248 |  |  |  | 252 |
Other finance costs |  |  | (482 | ) |  |  | - |  |  |  | (482 | )
Total financial instruments |  |  | (11,590 | ) |  |  | 5,487 |  |  |  | (6,103 | )
| (i) | Included within "Financial results, net" in the Statements of Income.
Schedule of range of valuation models for the measurement of Level 2 and Level 3 instruments | The Group uses a range of valuation models for the measurement of Level 2 and Level 3 instruments, details of which may be obtained from the following table.
Description |  | Pricing model / method |  | Parameters |  | Fair value hierarchy |  | Range
Interest rate swaps |  | Cash flows - Theoretical price |  | Interest rate futures contracts and cash flows |  | Level 2 |  | -
Preferred shares of Condor |  | Binomial tree – Theoretical price I |  | Underlying asset price (Market price); share price volatility (historical) and market interest rate (Libor rate curve). |  | Level 3 |  | Underlying asset price 1.8 to 2.2 Share price volatility 58% to 78% Market interest-rate 1.7% to 2.1%
Promissory note |  | Discounted cash flows - Theoretical price |  | Market interest-rate (Libor rate curve) |  | Level 3 |  | Market interest-rate 1.8% to 2.2%
Warrants of Condor |  | Black-Scholes – Theoretical price |  | Underlying asset price (Market price); share price volatility (historical) and market interest rate (Libor rate curve). |  | Level 2 |  | Underlying asset price 1.8 to 1.7 Share price volatility 58% to 78% Market interest-rate 1.7% to 2.1%
TGLT Non-convertible Notes |  | Black-Scholes – Theoretical price |  | Underlying asset price (Market price); share price volatility (historical) and market interest rate. |  | Level 3 |  | Underlying asset price Ps. 8 to Ps.12 Share price volatility 50% to 70% Market interest-rate 8% to 9%
Call option of Arcos |  | Discounted cash flows |  | Projected revenues and discounting rate. |  | Level 3 |  | -
Investments in financial assets - Other private companies' securities (*) |  | Cash flow / NAV - Theoretical price |  | Projected revenue discounted at the discount rate The value is calculated in accordance with shares in the equity funds on the basis of their Financial Statements, based on fair value or investments assessments. |  | Level 3 |  | 1 - 3.5
Investments in financial assets - Others |  | Discounted cash flows - Theoretical price |  | Projected revenue discounted at the discount rate The value is calculated in accordance with shares in the equity funds on the basis of their Financial Statements, based on fair value or investment assessments. |  | Level 3 |  | 1 - 3.5
Derivative financial instruments Forwards |  | Theoretical price |  | Underlying asset price and volatility |  | Level 2 and 3 |  | -
| (*) | An increase in the discount rate would decrease the value of investments in private companies, while an increase in projected revenues would increase their value.
Schedule of changes in Level 3 instruments | The following table presents the changes in Level 3 financial instruments as of June 30, 2019 and 2018:
|  | Investments in financial assets - Public companies' Securities |  |  | Derivative financial instruments - Forwards |  |  | Investments in financial assets - Private companies' Securities |  |  | Investment in financial assets - Others |  |  | Derivative financial instruments - Warrants |  |  | Total |
Balances at June 30, 2017 |  |  | 128 |  |  |  | (16 | ) |  |  | 1,500 |  |  |  | - |  |  |  | - |  |  |  | 1,612 |
Additions and acquisitions |  |  | - |  |  |  | - |  |  |  | 53 |  |  |  | 818 |  |  |  | - |  |  |  | 871 |
Transfer to level 1 (ii) |  |  | - |  |  |  | - |  |  |  | (156 | ) |  |  | - |  |  |  | - |  |  |  | (156 | )
Cumulative translation adjustment |  |  | - |  |  |  | (20 | ) |  |  | 761 |  |  |  | 122 |  |  |  | - |  |  |  | 863 |
Deconsolidation (see Note 4.I.) |  |  | - |  |  |  | - |  |  |  | (196 | ) |  |  | - |  |  |  | - |  |  |  | (196 | )
Write off |  |  | (105 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (105 | )
Gain / (loss) for the year (i) |  |  | 187 |  |  |  | - |  |  |  | (145 | ) |  |  | 294 |  |  |  | - |  |  |  | 336 |
Balances at June 30, 2018 |  |  | 210 |  |  |  | (36 | ) |  |  | 1,817 |  |  |  | 1,234 |  |  |  | - |  |  |  | 3,225 |
Additions and acquisitions |  |  | - |  |  |  | - |  |  |  | 120 |  |  |  | - |  |  |  | - |  |  |  | 120 |
Transfer between levels |  |  | (138 | ) |  |  | - |  |  |  | 107 |  |  |  | - |  |  |  | 72 |  |  |  | 41 |
Cumulative translation adjustment |  |  | (8 | ) |  |  | - |  |  |  | (45 | ) |  |  | (13 | ) |  |  | 13 |  |  |  | (53 | )
Write off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Gain / (loss) for the year (i) |  |  | (36 | ) |  |  | (12 | ) |  |  | (173 | ) |  |  | (223 | ) |  |  | 10 |  |  |  | (434 | )
Balances at June 30, 2019 |  |  | 28 |  |  |  | (48 | ) |  |  | 1,826 |  |  |  | 998 |  |  |  | 95 |  |  |  | 2,899 |
| (i) | Included within "Financial results, net" in the Statements of income.
| (ii) | The Group transferred a financial asset measured at fair value from level 3 to level 1, because it began trading in the stock exchange.

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