XML 142 R19.htm IDEA: XBRL DOCUMENT

Trade and other receivables

12 Months Ended

Jun. 30, 2019

Trade and other receivables [abstract]

14.

Trade and other receivables

Group's trade and other receivables as of June 30, 2019 and 2018 were as follows:

	June 30, 2019			June 30, 2018
Sale, leases and services receivables		24,809			24,477
Less: Allowance for doubtful accounts		(1,856	)		(1,253	)
Total trade receivables		22,953			23,224
Prepaid expenses		5,585			5,797
Borrowings, deposits and other debit balances		2,882			3,558
Advances to suppliers		906			1,146
Tax receivables		446			552
Others		2,142			1,650
Total other receivables		11,961			12,703
Total trade and other receivables		34,914			35,927
Non-current		12,370			12,667
Current		22,544			23,260
Total		34,914			35,927

Book amounts of Group's trade and other receivables in foreign currencies are detailed in Note 30.

The fair value of current receivables approximates their respective carrying amounts because, due to their short-term nature, the effect of discounting is not considered significant. The present value of receivables related to installment sales of communication devices, made by Cellcom, was calculated using a discount rate of 3.3%. The book value of other non-current receivables is, or approximates, its fair value as of the balance sheet date. Fair values are based on discounted cash flows (Level 3). The amount of Cellcom non-current trade receivables is Ps. 6,768 as of June 30, 2019.

Trade accounts receivables are generally presented in the Statements of Financial Position net of allowances for doubtful accounts. Impairment policies and procedures by type of receivables are discussed in detail in Note 2. Movements on the Group's allowance for doubtful accounts were as follows:

	June 30, 2019			June 30, 2018
Beginning of the year		1,253			568
Adjustments of previous years (IFRS 9)		136			-
Additions (i)		546			538
Recoveries		(43	)		(45	)
Currency translation adjustment		444			893
Deconsolidation		-			(229	)
Receivables written off during the year as uncollectable		(325	)		(470	)
Inflation adjustment		(155	)		(2	)
End of the year		1,856			1,253

(i)

The creation and release of the provision for impaired receivables have been included in "Selling expenses" in the Statements of Income (Note 23).

The Group's trade receivables comprise several classes. The maximum exposure to credit risk at the reporting date is the carrying amount of each class of receivables (see Note 5). The Group also has receivables from related parties neither of them is due nor impaired.

Due to the distinct characteristics of each type of receivables, an aging analysis of past due unimpaired and impaired receivables is shown by type and class, as of June 30, 2019 and 2018 (a column of non-past due receivables is also included so that the totals can be reconciled with the amounts appearing on the Statement of Financial Position):

	Past due															Additions / (reversals) for
	Up to 3 months		From 3 to 6 months		Over 6 months		Non-past due		Impaired		Total		% of representation			doubtful accounts
Leases and services		294		87		123		1,930		330		2,764		11.14	%		(85	)
Hotel services		-		-		-		103		-		103		0.42	%		-
Consumer financing		-		-		-		-		16		16		0.06	%		9
Sale of properties and developments		60		10		10		1,695		18		1,793		7.23	%		-
Sale of communication equipment		-		-		-		9,959		143		10,102		40.72	%		-
Telecommunication services		1,122		-		346		7,214		1,349		10,031		40.43	%		(392	)
Total as of June 30, 2019		1,476		97		479		20,901		1,856		24,809		100.00	%		(468	)

Leases and services		436		65		143		1,702		311		2,657		10.86	%		(133	)
Hotel services		1,217		-		369		106		781		2,473		10.10	%		-
Consumer financing		-		-		-		-		25		25		0.10	%		6
Sale of properties and developments		16		2		39		11		-		68		0.28	%		-
Sale of communication equipment		-		-		-		8,065		-		8,065		32.95	%		-
Telecommunication services		-		-		-		11,053		136		11,189		45.71	%		(344	)
Total as of June 30, 2018		1,669		67		551		20,937		1,253		24,477		100.00	%		(471	)