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Summary of significant accounting policies (Tables)
 12 Months Ended
Jun. 30, 2019
Summary of Significant Accounting Policies [Abstract]  
Schedule of evolution of these indices

Annual price variation  June 30, 2017  June 30, 2018  June 30, 2019  Cumulative as of
June 30, 2019 (3 years)
  19%  29%  56%  139%
Schedule of income and other comprehensive income

Standards and amendments adopted by the Group

 

Standards and amendments   Description   Date of mandatory adoption for the Group in the year ended on
Amendments to IAS 40 "Transfers of Investment Properties"   Clarifies the conditions that should be met for an entity to transfer a property to, or from, investment properties.   06-30-2019
Cycle of annual improvements 2014-2016. IAS 28 "Investments in Associates and Joint ventures".   Clarifies that the option to measure an associate or a joint venture at fair value for a qualifying entity is available upon initial recognition.   06-30-2019
IFRS 9 "Financial Instruments".   Adds a new impairment model based on expected losses and introduces some minor amendments to the classification and measurement of financial assets.   06-30-2019
IFRS 15 "Revenues from contracts with customers"   Provides the new revenue recognition model derived from contracts with customers. The core principle underlying the model is satisfaction of performance obligations assumed with customers. Applies to all contracts with customers, except those covered by other IFRSs, such as leases, insurance and financial instruments contracts. The standard does not address recognition of interest or dividend income.   06-30-2019
Amendments to IFRS 2 "Share-based Payment".     The amendments clarify the scope of the standard in relation to (i) accounting of the effects that the concession consolidation conditions have on cash settled share-based payments, (ii) the Classification of the share-based payment transactions subject to net settlement, and (iii) accounting for the amendment of terms and conditions of the share-based payment transaction that reclassifies the transaction from cash settled to equity settled.   06-30-2019

 

Standards and amendments not yet adopted by the Group

 

Standards and amendments   Description   Date of mandatory adoption for the Group in the year ended on
IFRS 16 "Leases".   Will supersede IAS 17 currently in force (and associated interpretations) and its scope includes all leases, with a two specific exceptions (low cost assets' leases and short-term leases). Under the new standard, lessees are required to account for leases under one single model in the balance sheet that is similar to the one used to account for financial leases under IAS 17. The accounting of the lessor has no significant changes.   06-30-2020
Amendment to IAS 28 "Investment in associates and joint ventures   Requires the adoption of IFRS 9 regarding long-term investments that are essentially part of the net investment of an entity in an associate or joint venture   06-30-2020
Definition of Material - Amendments to IAS 1 and IAS 8   The IASB has made modifications to IAS 1 "Presentation of Financial Statements and IAS 8 "Accounting policies, changes in accounting estimates and errors" requires that the materiality be consistent for the application of IFRS.   06-30-2020
Defining a business - Amendments to IFRS 3   The new business definition requires that a business combination contribute significantly to creating products or services.   06-30-2020
Schedule of financial position

   According to previous standards   Implementation of IFRS 15   Current statement of income 
Revenues   66,972    2,795    69,767 
Costs   (39,638)   (2,362)   (42,000)
Gross profit   27,334    433    27,767 
Net gain from fair value adjustment of investment properties   (23,710)   -    (23,710)
General and administrative expenses   (7,714)   -    (7,714)
Selling expenses   (9,875)   1,158    (8,717)
Other operating results, net   301    -    301 
Profit from operations   (13,664)   1,591    (12,073)
Share of profit of associates and joint ventures   (4,853)   (36)   (4,889)
Profit before financial results and income tax   (18,517)   1,555    (16,962)
Finance income   1,407    -    1,407 
Finance costs   (15,830)   (31)   (15,861)
Other financial results   2,878    -    2,878 
Inflation adjustment   (479)   -    (479)
Financial results, net   (12,024)   (31)   (12,055)
Income before income tax   (30,541)   1,524    (29,017)
Income tax expense   2,052    (362)   1,690 
Income for the period from continuing operations   (28,489)   1,162    (27,327)
Loss for the period from discontinued operations   480    -    480 
Profit for the period   (28,009)   1,162    (26,847)

 

   07.01.2018 
   Implementation of IFRS 15   Implementation of IFRS 9   Total 
ASSETS            
Non- Current Assets            
Trading properties   (4,143)   -    (4,143)
Investments in associates and joint ventures   159    (258)   (99)
Deferred income tax assets   (230)   -    (230)
Trade and other receivables   393    (126)   267 
Total Non-Current Assets   (3,821)   (384)   (4,205)
Current Assets               
Trading properties   (1,048)   -    (1,048)
Trade and other receivables   418    (10)   408 
Total Current Assets   (630)   (10)   (640)
TOTAL ASSETS   (4,451)   (394)   (4,845)
SHAREHOLDERS' EQUITY               
Capital and reserves attributable to equity holders of the parent               
Retained earnings   143    (374)   (231)
Total capital and reserves attributable to equity holders of the parent   143    (374)   (231)
Non-controlling interest   186    (190)   (4)
TOTAL SHAREHOLDERS' EQUITY   329    (564)   (235)
LIABILITIES               
Non-Current Liabilities               
Trade and other payables   (1,933)   -    (1,933)
Borrowings   -    206    206 
Deferred income tax liabilities   (53)   (113)   (166)
Total Non-Current Liabilities   (1,986)   93    (1,893)
Current Liabilities               
Trade and other payables   (2,794)   -    (2,794)
Borrowings   -    77    77 
Total Current Liabilities   (2,794)   77    (2,717)
TOTAL LIABILITIES   (4,780)   170    (4,610)
TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES   (4,451)   (394)   (4,845)

 

   01.07.2019 
   IFRS 16 Impact   IAS 28 Impact   Total 
ASSETS            
Non-current assets            
Investment property   298    -    298 
Right-of-use assets   9,855    -    9,855 
Investments in associates and joint ventures   -    (1,373)   (1,373)
Trade and other receivables   84    -    84 
Total non-current assets   10,237    (1,373)   8,864 
Current assets               
Income tax credit   12    -    12 
Trade and other receivables   (119)   -    (119)
Assets held for sale   2,184    -    2,184 
Total current assets   2,077    -    2,077 
TOTAL ASSETS   12,314    (1,373)   10,941 
SHAREHOLDERS' EQUITY               
Shareholders' equity attributable to equity holders of the parent               
Retained earnings   (131)   (778)   (909)
Shareholders' equity attributable to Non-controlling interest   (131)   (778)   (909)
Non-controlling interest   -    (595)   (595)
TOTAL SHAREHOLDERS' EQUITY   (131)   (1,373)   (1,504)
LIABILITIES               
Non-current liabilities               
Lease liabilities   7,432    -    7,432 
Total non-current liabilities   7,432    -    7,432 
Current liabilities               
Lease liabilities   2,745    -    2,745 
Trade and other payables   (48)   -    (48)
liabilities held for sale   2,316    -    2,316 
Total current liabilities   5,013    -    5,013 
TOTAL LIABILITIES   12,445    -    12,445 
TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES   12,314    (1,373)   10,941 
Schedule of business through several operating and investment companies

         % of ownership interest held by the Group 
Name of the entity  Country  Main activity  06.30.2019   06.30.2018   06.30.2017 
IRSA's direct interest:                     
IRSA CP (1)  Argentina  Real estate   82,35%   86,34%   94,61%
E-Commerce Latina S.A.  Argentina  Investment   100,00%   100,00%   100,00%
Efanur S.A.  Uruguay  Investment   100,00%   100,00%   100,00%
Hoteles Argentinos S.A.  Argentina  Hotel   100,00%   80,00%   80,00%
Inversora Bolívar S.A.  Argentina  Investment   100,00%   100,00%   100,00%
Llao Llao Resorts S.A. (2)  Argentina  Hotel   50,00%   50,00%   50,00%
Nuevas Fronteras S.A.  Argentina  Hotel   76,34%   76,34%   76,34%
Palermo Invest S.A.  Argentina  Investment   100,00%   100,00%   100,00%
Ritelco S.A.  Uruguay  Investment   100,00%   100,00%   100,00%
Tyrus S.A.  Uruguay  Investment   100,00%   100,00%   100,00%
U.T. IRSA y Galerias Pacifico (2)  Argentina  Investment   50,00%   50,00%   50,00%
IRSA CP's direct interest:                     
Arcos del Gourmet S.A.  Argentina  Real estate   90,00%   90,00%   90,00%
Emprendimiento Recoleta S.A.  Argentina  Real estate   53,68%   53,68%   53,68%
Fibesa S.A. (3)  Argentina  Real estate   100,00%   100,00%   100,00%
Panamerican Mall S.A.  Argentina  Real estate   80,00%   80,00%   80,00%
Shopping Neuquén S.A.  Argentina  Real estate   99,95%   99,92%   99,92%
Torodur S.A.  Uruguay  Investment   100,00%   100,00%   100,00%
EHSA  Argentina  Investment   70,00%   70,00%   70,00%
Centro de Entretenimiento La Plata  Argentina  Real estate   100,00%   100,00%   - 
Pareto S.A.  Argentina  design and software development   69,69%   -    - 
La Malteria  Argentina  Real estate   100,00%   -    - 
Tyrus S.A.'s direct interest:                     
DFL y DN BV  Bermudas / Netherlands  Investment   96,46%   91,57%   91,57%
I Madison LLC  USA  Investment   -    -    100,00%
IRSA Development LP  USA  Investment   -    -    100,00%
IRSA International LLC  USA  Investment   100,00%   100,00%   100,00%
Jiwin S.A.  Uruguay  Investment   100,00%   100,00%   100,00%
Liveck S.A. (7)  Uruguay  Investment   100,00%   100,00%   100,00%
Real Estate Investment Group IV LP (REIG IV)  Bermudas  Investment   -    -    100,00%
Real Estate Investment Group V LP (REIG V)  Bermudas  Investment   100,00%   100,00%   100,00%
Real Estate Strategies LLC  USA  Investment   100,00%   100,00%   100,00%
Efanur S.A.'s direct interest:                     
Real Estate Investment Group VII LP (REIG VII)  Bermudas  Investment   100,00%   100,00%   - 
DFL's and DN BV's direct interest:                     
IDB Development Corporation Ltd.  Israel  Investment   100,00%   100,00%   68,28%
Dolphin IL Investment Ltd.  Israel  Investment   100,00%   100,00%   - 
DIL's direct interest:                     
Discount Investment Corporation Ltd. (4)  Israel  Investment   83,77%   76,57%   77,25%
IDBD's direct interest:                     
IDB Tourism (2009) Ltd.  Israel  Tourism services   100,00%   100,00%   100,00%
IDB Group Investment Inc  Israel  Investment   100,00%   100,00%   100,00%
DIC's direct interest:                     
Property & Building Corporation Ltd.  Israel  Real estate   68,80%   64,40%   64,40%
Shufersal Ltd.(6)  Israel  Retail   -    -    54,19%
Cellcom Israel Ltd. (5)  Israel  Telecommunications   44,10%   43,14%   42,26%
Elron Electronic Industries Ltd.  Israel  Investment   61,06%   50,30%   50,30%
Bartan Holdings and Investments Ltd.  Israel  Investment   55,68%   55,68%   55,68%
Epsilon Investment House Ltd.  Israel  Investment   68,75%   68,75%   68,75%
PBC's direct interest:                     
Gav-Yam Bayside Land Corporation Ltd.  Israel  Real estate   51,70%   51,70%   55,01%
Ispro The Israeli Properties Rental Corporation Ltd.  Israel  Real estate   100,00%   100,00%   100,00%
Matam - Scientific Industries Center Haifa Ltd.  Israel  Real estate   50,10%   50,10%   50,10%
Hadarim Properties Ltd.  Israel  Real estate   100,00%   100,00%   100,00%
Property & Building (Commercial Centers) Ltd.  Israel  Real estate   100,00%   100,00%   100,00%
PBC USA Investments Inc  USA  Real estate   100,00%   100,00%   100,00%

 

(1)Includes interest held through E-Commerce Latina S.A. and Tyrus S.A..

 

(2)The Group has consolidated the investment in Llao Llao Resorts S.A. and UT IRSA and Galerías Pacífico considering its equity interest and a shareholder agreement that confers it majority of votes in the decision making process.
(3)Includes interest held through Ritelco S.A. and Torodur S.A..
(4)Includes Tyrus's equity interest. Until the present financial year, the participation was through Tyrus S.A. and IDBD.
(5)DIC considers it exercises effective control over Cellcom because DIC is the group with the higher percentage of votes vis-à-vis other shareholders, with a stake of 46.16%, also taking into account the historic voting performance in the Shareholders' Meetings, as well as the evaluation of the holdings of the remaining shareholders, which are highly atomized.
(6)Control was lost in June 30, 2018. See Note 4.I.
 Except for the aforementioned items the percentage of votes does not differ from the stake.
Schedule of useful life
Buildings and facilities Between 5 and 50 years
Machinery and equipment Between 3 and 24 years
Communication networks Between 4 and 20 years
Others Between 3 and 25 years