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Borrowings (Tables)
 12 Months Ended
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