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v3.19.3

Borrowings (Tables) | 12 Months Ended
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Jun. 30, 2019
Borrowings [abstract] |
Schedule of fair value of borrowings | The breakdown and the fair value of the Group borrowings as of June 30, 2019 and 2018 was as follows:
|  | Total as of June 30, 2019 |  |  | Total as of June 30, 2018 |  |  | Fair value as of June 30, 2019 |  |  | Fair value as of June 30, 2018 |
NCN |  |  | 267,031 |  |  |  | 266,251 |  |  |  | 263,471 |  |  |  | 285,224 |
Bank loans |  |  | 40,807 |  |  |  | 48,607 |  |  |  | 39,006 |  |  |  | 49,530 |
Bank overdrafts |  |  | 281 |  |  |  | 1,042 |  |  |  | 281 |  |  |  | 1,042 |
Other borrowings (i) |  |  | 4,409 |  |  |  | 5,563 |  |  |  | 6,202 |  |  |  | 7,407 |
Total borrowings |  |  | 312,528 |  |  |  | 321,463 |  |  |  | 308,960 |  |  |  | 343,203 |
Non-current |  |  | 267,024 |  |  |  | 281,659 |  |  |  |  |  |  |  |  |
Current |  |  | 45,504 |  |  |  | 39,804 |  |  |  |  |  |  |  |  |
Total (ii) |  |  | 312,528 |  |  |  | 321,463 |  |  |  |  |  |  |  |  |
| (i) | Includes financial leases for Ps. 16 and Ps. 25 as of June 30, 2019 and 2018.
| (ii) | Includes Ps. 275,422 and Ps. 281,293 as of June 30, 2019 and 2018, 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, 2019 |  |  | June 30, 2018 |
Share capital |  |  |  |  |  |
Less than 1 year |  |  | 42,799 |  |  |  | 37,139 |
Between 1 and 2 years |  |  | 39,878 |  |  |  | 40,004 |
Between 2 and 3 years |  |  | 32,727 |  |  |  | 35,359 |
Between 3 and 4 years |  |  | 71,950 |  |  |  | 29,383 |
Between 4 and 5 years |  |  | 28,801 |  |  |  | 73,969 |
Later than 5 years |  |  | 93,487 |  |  |  | 102,762 |
|  |  | 309,642 |  |  |  | 318,616 |
Interest |  |  |  |  |  |  |  |
Less than 1 year |  |  | 2,705 |  |  |  | 2,665 |
Between 1 and 2 years |  |  | - |  |  |  | 47 |
Between 2 and 3 years |  |  | - |  |  |  | 51 |
Between 3 and 4 years |  |  | 140 |  |  |  | 8 |
Between 4 and 5 years |  |  | - |  |  |  | - |
Later than 5 years |  |  | 25 |  |  |  | 51 |
|  |  | 2,870 |  |  |  | 2,822 |
Leases |  |  | 16 |  |  |  | 25 |
|  |  | 312,528 |  |  |  | 321,463 |
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, 2019 and 2018.
|  | June 30, 2019 |
Rate per currency |  | Argentine Peso |  |  | US dollar |  |  | Uruguayan Peso |  |  | New Israel Shekel |  |  | Total |
Fixed rate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Argentine Peso |  |  | 407 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 407 |
New Israel Shekel |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 157,835 |  |  |  | 157,835 |
US Dollar |  |  | 34,099 |  |  |  | 85 |  |  |  | 315 |  |  |  | 8,323 |  |  |  | 42,822 |
Subtotal fixed-rate borrowings |  |  | 34,506 |  |  |  | 85 |  |  |  | 315 |  |  |  | 166,158 |  |  |  | 201,064 |
Floating rate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Argentine Peso |  |  | 623 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 623 |
New Israel Shekel |  |  |  |  |  |  | - |  |  |  | - |  |  |  | 109,263 |  |  |  | 109,263 |
US Dollar |  |  | 1,562 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,562 |
Subtotal floating-rate borrowings |  |  | 2,185 |  |  |  | - |  |  |  | - |  |  |  | 109,263 |  |  |  | 111,448 |
Total borrowings as per analysis |  |  | 36,691 |  |  |  | 85 |  |  |  | 315 |  |  |  | 275,421 |  |  |  | 312,512 |
Finance leases obligations |  |  | 16 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 16 |
Total borrowings as per Statement of Financial Position |  |  | 36,707 |  |  |  | 85 |  |  |  | 315 |  |  |  | 275,421 |  |  |  | 312,528 |
|  | June 30, 2018 |
Rate per currency |  | Argentine Peso |  |  | Uruguayan Peso |  |  | New Israel Shekel |  |  | Total |
Fixed rate: |  |  |  |  |  |  |  |  |  |  |  |
Argentine Peso |  |  | 1,632 |  |  |  | - |  |  |  | - |  |  |  | 1,632 |
New Israel Shekel |  |  | - |  |  |  | - |  |  |  | 125,524 |  |  |  | 125,524 |
US Dollar |  |  | 36,136 |  |  |  | 579 |  |  |  | 19,093 |  |  |  | 55,808 |
Subtotal fixed-rate borrowings |  |  | 37,768 |  |  |  | 579 |  |  |  | 144,617 |  |  |  | 182,964 |
Floating rate: |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Argentine Peso |  |  | 1,795 |  |  |  | - |  |  |  | - |  |  |  | 1,795 |
New Israel Shekel |  |  | - |  |  |  | - |  |  |  | 134,124 |  |  |  | 134,124 |
US Dollar |  |  | - |  |  |  | - |  |  |  | 2,555 |  |  |  | 2,555 |
Subtotal floating-rate borrowings |  |  | 1,795 |  |  |  | - |  |  |  | 136,679 |  |  |  | 138,474 |
Total borrowings as per analysis |  |  | 39,563 |  |  |  | 579 |  |  |  | 281,296 |  |  |  | 321,438 |
Finance leases obligations |  |  | 25 |  |  |  | - |  |  |  | - |  |  |  | 25 |
Total borrowings as per Statement of Financial Position |  |  | 39,588 |  |  |  | 579 |  |  |  | 281,296 |  |  |  | 321,463 |
Schedule of debt issuances | The following describes the debt issuances made by the Group for the years ended June 30, 2019, and 2018:
Entity |  | Class |  | Issuance / expansion date |  | Amount in original currency |  | Maturity date |  | Interest rate |  | Principal payment |  | Interest payment |  |
IRSA CP |  | Clase IV |  | sep-17 |  | US$140 |  | 09/14/20 |  | 5% n.a. |  | At expiration |  | quarterly |  |
IRSA |  | Clase IX "I" |  | may-19 |  | US$ 96 |  | 11/15/20 |  | 10% e.a. |  | At expiration |  | quarterly |  |
IDBD |  | SERIE N |  | jul-17 |  | NIS 642.1 |  | 12/30/22 |  | 5.3% e.a |  | At expiration |  | quarterly |  | (1)
IDBD |  | SERIE N |  | nov-17 |  | NIS 357 |  | 12/30/22 |  | 5.3% e.a |  | At expiration |  | quarterly |  | (1) (2)
DIC |  | SERIE J |  | dec-17 |  | NIS 762 |  | 12/30/26 |  | 4.8% e.a. |  | Annual payments since 2021 |  | biannual |  | (2)
PBC |  | SERIE I |  | oct-17 |  | NIS 497 |  | 06/29/29 |  | 3.95% e.a. |  | At expiration |  | quarterly |  |
PBC |  | SERIE I |  | dec-17 |  | NIS 496 |  | 06/29/29 |  | 3.95% e.a. |  | At expiration |  | quarterly |  | (2)
PBC |  | SERIE I |  | jul-18 |  | NIS 507 |  | 06/29/29 |  | 3.95% e.a. |  | At expiration |  | quarterly |  | (2)
PBC |  | Series I |  | may-19 |  | NIS 515 |  | 12/31/29 |  | 4.15% e.a. |  | At expiration |  | annual |  |
Gav - Yam |  | SERIE H |  | sep-17 |  | NIS 424 |  | 06/30/34 |  | 2.55% e.a. |  | Annual payments since 2019 |  | biannual |  |
Gav - Yam |  | SERIE A |  | jul-18 |  | NIS 320 |  | 10/31/23 |  | 3.55% e.a. |  | Annual payments since 2021 |  | biannual |  |
Gav - Yam |  | SERIE H |  | sep-18 |  | NIS 596 |  | 06/30/34 |  | 2.55% e.a. |  | At expiration |  | annual |  | (2)
Gav - Yam |  | SERIE A |  | dec-18 |  | NIS 351 |  | 10/31/23 |  | 3.55% e.a. |  | Annual payments since 2021 |  | biannual |  |
Cellcom |  | SERIE L |  | jan-18 |  | NIS 401 |  | 01/05/28 |  | 2.5% e.a. |  | Annual payments since 2023 |  | annual |  |
Cellcom |  | SERIE K |  | jul-18 |  | NIS 220 |  | 07/05/26 |  | 3.55% e.a. |  | Annual payments since 2021 |  | annual |  | (2)
Cellcom |  | SERIE K |  | dec-18 |  | NIS 187 |  | 07/05/26 |  | 3.55% e.a. |  | Annual payments since 2021 |  | annual |  |
Cellcom |  | SERIE L |  | dec-18 |  | NIS 213 |  | 01/05/28 |  | 2.50% e.a. |  | Annual payments since 2023 |  | annual |  |
| (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 99.3 million shares of DIC under a single fixed charge of first line and in guarantee of by means of the lien (which represent 70.02% of its capital), in an unlimited amount, in favor of the trustee for the holders of the debentures.
| (2) | Corresponds 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, 2019 and 2018:
|  | June 30, 2019 |  |  | June 30, 2018 |
Balance at the beginning of the year |  |  | 321,463 |  |  |  | 260,661 |
Borrowings |  |  | 47,233 |  |  |  | 34,649 |
Payment of borrowings |  |  | (40,141 | ) |  |  | (32,092 | )
Collection / (Payment) of short term loans, net |  |  | (709 | ) |  |  | 587 |
Interests paid |  |  | (15,189 | ) |  |  | (12,423 | )
Deconsolidation (see Note 4.I.) |  |  | - |  |  |  | (33,153 | )
Accrued interests |  |  | 15,549 |  |  |  | 13,645 |
Changes in fair value of third-party loans |  |  | (19 | ) |  |  | 177 |
Loans received from associates and joint ventures, net |  |  | 45 |  |  |  | 6 |
Cumulative translation adjustment and exchange differences, net |  |  | (14,480 | ) |  |  | 89,750 |
Inflation adjustment |  |  | (1,224 | ) |  |  | (344 | )
Balance at the end of the year |  |  | 312,528 |  |  |  | 321,463 |

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