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Income tax (Tables)
 12 Months Ended
Jun. 30, 2019
Income Tax [Abstract]  
Schedule of income tax

The details of the provision for the Group's income tax, is as follows:

 

   June 30,
2019		   June 30,
2018		   June 30,
2017		 
Current income tax   (1,344)   (381)   (1,190)
Deferred income tax   3,034    6,661    (301)
Income tax from continuing operations   1,690    6,280    (1,491)
Schedule of statutory taxes rates

The statutory taxes rates in the countries where the Group operates for all of the years presented are:

 

Tax jurisdiction  Income tax rate 
Argentina    25% - 35%
Uruguay    0% - 25%
U.S.A.    0% - 40 %
Bermudas    0%
Israel    23% - 24%
Schedule of reconciliation of income tax expense

Below is a reconciliation between income tax expense and the tax calculated applying the current tax rate, applicable in the respective countries, to profit before taxes for years ended June 30, 2019, 2018 and 2017:

 

   June 30,
2019		   June 30,
2018		   June 30,
2017		 
Loss from continuing operations at tax rate applicable in the respective countries   7,363    353    1,420 
Permanent differences:               
Share of profit of associates and joint ventures   (1,036)   (223)   (379)
Unrecognized tax loss carryforwards   (2,977)   (2,810)   (2,600)
Change of tax rate   (238)   9,042    858 
Gain / (loss) from sale of an associate   400    (300)   - 
Tax inflation adjustment   (2,510)   -    - 
Changes in fair value of financial instruments   328    (504)   896 
Non-taxable profit / (loss), non-deductible expenses and others   360    722    (1,686)
Income tax from continuing operations   1,690    6,280    (1,491)
Schedule of deferred tax assets and liabilities

Deferred tax assets and liabilities of the Group as of June 30, 2019 and 2018 will be recovered as follows:

 

   June 30,
2019		   June 30,
2018		 
Deferred income tax asset to be recovered after more than 12 months   8,403    9,236 
Deferred income tax asset to be recovered within 12 months   1,449    1,700 
Deferred income tax assets   9,852    10,936 

 

    June 30, 2019    June 30, 2018 
Deferred income tax liability to be recovered after more than 12 months   (32,993)   (50,960)
Deferred income tax liability to be recovered within 12 months   (13,255)   (714)
Deferred income tax liability   (46,248)   (51,674)
Deferred income tax assets (liabilities), net   (36,396)   (40,738)
Schedule of movement in the deferred income tax assets and liabilities

The movement in the deferred income tax assets and liabilities during the years ended June 30, 2019 and 2018, without taking into consideration the offsetting of balances within the same tax jurisdiction, is as follows:

 

   06.30.18   Cumulative translation adjustment   Charged / (Credited) to the statements of income   06.30.19 
Assets                
Investment properties and property, plant and equipment   160    (326)   285    119 
Investments   -    -    4    4 
Trade and other payables   3,224    139    643    4,006 
Tax loss carry-forwards   6,853    (185)   (1,787)   4,881 
Others   699    (42)   185    842 
Subtotal assets   10,936    (414)   (670)   9,852 
Liabilities                    
Investment properties and Property, plant and equipment   (46,591)   1,042    4,768    (40,781)
Trade and other receivables   (373)   -    (249)   (622)
Investments   -    (11)   (25)   (36)
Tax inflation adjustment   -    -    (2,111)   (2,111)
Borrowings   (901)   66    95    (740)
Intangible assets   (2,086)   181    320    (1,585)
Others   (1,723)   444    906    (373)
Subtotal liabilities   (51,674)   1,722    3,704    (46,248)
Assets (Liabilities), net   (40,738)   1,308    3,034    (36,396)

 

   06.30.17   Cumulative translation adjustment   Charged / (Credited) to the statements of income   Deconsolidation   Business combination   06.30.18 
Assets                        
Investment property and property plant and equipment   165    99    (104)   -    -    160 
Investments   25    -    (25)   -    -    - 
Trade and other payables   4,071    (140)   (707)   -    -    3,224 
Tax loss carry-forwards   5,952    696    203    -    2    6,853 
Others   1,320    203    (174)   (650)   -    699 
Subtotal assets   11,533    858    (807)   (650)   2    10,936 
Liabilities   -    -    -    -    -    - 
Investment properties and Property, plant and equipment   (38,881)   (15,597)   4,105    3,804    (22)   (46,591)
Trade and other receivables   (474)   91    10    -    -    (373)
Investments   (14)   2    12    -    -    - 
Borrowings   (1,482)   (134)   715    -    -    (901)
Intangible assets   (4,172)   (1,230)   2,101    1,215    -    (2,086)
Others   (759)   (1,489)   525    -    -    (1,723)
Subtotal liabilities   (45,782)   (18,357)   7,468    5,019    (22)   (51,674)
Assets (Liabilities), net   (34,249)   (17,499)   6,661    4,369    (20)   (40,738)
Schedule of tax loss carry forward

As of June 30, 2019, the Group's recognized tax loss carry forward prescribed as follows:

 

Date  Total 
2020   46 
2021   25 
2022   52 
2023   85 
2024   248 
Subtotal   456 
Do not expire   4,425 
Total   4,881