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Consolidated Statements of Cash Flows - ARS ($)
$ in Millions
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
Operating activities:      
Net cash generated from continuing operating activities before income tax paid $ 19,292 $ 9,296 $ 8,652
Income tax and MPIT paid (983) (1,728) (2,113)
Net cash generated from continuing operating activities 18,309 7,568 6,539
Net cash generated from discontinued operating activities 611 6,719 6,705
Net cash generated from operating activities 18,920 14,287 13,244
Investing activities:      
Increase of interest in associates and joint ventures (560) (847) (1,192)
Decrease of interest in associates and joint ventures 470 513
Acquisitions and improvements for the development of investment properties (7,229) (5,669) (6,030)
Proceeds from sales of investment properties 1,825 1,187 645
Acquisition and improvements of property, plant and equipment (4,398) (3,648) (3,047)
Proceeds from sale of property, plant and equipment 11 33 16
Acquisition of intangible assets (2,803) (1,157) (824)
Acquisition of subsidiaries, net of cash acquired (241) (107)
Decrease / (increase) of restricted assets, net 1,332 (5,109) (808)
Dividends collected from associates and joint ventures 898 517 473
Proceeds from sales of interest held in associates and joint ventures 5,861 465
Proceeds from loans granted 168 1,128
Proceeds from liquidation of associate 20
Acquisition of investment in financial assets (30,691) (39,520) (10,264)
Proceeds from disposal of investments in financial assets 42,162 35,779 10,143
Interests received from financial assets 1,256 814 455
Dividends collected from financial assets 90 470 70
Payments for acquisition of other assets (208)
Loans granted to related parties (10) (666) (22)
Loans granted (91) (196)
Net cash generated from / (used in) continuing investing activities 8,291 (16,335) (10,492)
Net cash (used in) /generated from discontinued investing activities (462) (5,028) 6,544
Net cash generated from / (used in) investing activities 7,829 (21,363) (3,948)
Financing activities:      
Loans collection and issuance of non-convertible notes 47,233 34,649 58,324
Payment of borrowings and non-convertible notes (40,141) (32,092) (39,155)
Loans obtained from related parties 45
(Payment) / collections of short term loans, net (709) 587 (1,873)
(Payment) / collections of loans from related parties (5) 6 (2)
(Payment) / collections of loans from associates and joint ventures (28)
Interests paid (15,189) (12,423) (11,660)
Issuance of capital in subsidiaries 1,748
Capital distribution to non-controlling interest in subsidiaries (62) 135
Capital contributions from non-controlling interest in subsidiaries 1,932 2,232 433
Acquisition of non-controlling interest in subsidiaries (5,038) (1,137) (500)
Proceeds from sales of non-controlling interest in subsidiaries 9 4,845 5,791
Dividends paid (2,578) (147)
Dividends paid to subsidiaries non-controlling interest (2,092) (2,077) (4,171)
Acquisition of derivative financial instruments (268)
Repurchase of non-convertible notes (5,162)
Payments and collection from derivative financial instruments (458) 143 306
Net cash (used in) / generated from continuing financing activities (19,575) (7,907) 8,933
Net cash generated from / (used in) discontinued financing activities 156 3,595 (5,480)
Net cash (used in) / generated from financing activities (19,419) (4,312) 3,453
Net increase / (decrease) in cash and cash equivalents from continuing activities 7,025 (16,674) 4,980
Net increase in cash and cash equivalents from discontinued activities 305 5,286 7,769
Net increase / (decrease) in cash and cash equivalents 7,330 (11,388) 12,749
Cash and cash equivalents at beginning of the year 58,055 50,060 33,153
Cash and cash equivalents reclassified as held-for-sale (169) (599) (340)
Foreign exchange (loss) / gain and Inflation adjustment on cash and changes in fair value of cash equivalents (4,734) 19,982 4,498
Cash and cash equivalents at end of year $ 60,482 $ 58,055 $ 50,060