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Rights of use of assets
12 Months Ended
Jun. 30, 2020
Rights of use of assets  
Rights of use of assets

13. Rights of use of assets

 

Below is the composition of the rights of use of the Group´s assets as of June 30, 2020 and June 30, 2019:

 

   June 30, 2020   June 30, 2019 
Real Estate   4,116    - 
Telecommunications   11,004    - 
Machinery and equipment   13    - 
Others   4,726    - 
Total Right-of-use assets   19,859    - 
Non-current   19,859    - 
Total   19,859    - 

 

Changes in the Group´s rights of use during the fiscal year ended June 30, 2020, were as follows:

 

   June 30, 2020   June 30, 2019 
IFRS 16 inicial adjustments   14,124    - 
Additions (i)   8,091    - 
Transfer   158    - 
Amortization charges   (4,711)   - 
Deconsolidation   (42)   - 
Currency translation adjustment   2,239    - 
Total   19,859    - 

 

(i) includes incorporation by business combination

 

Depreciation charge for rights of use is detailed below:

 

   June 30, 2020   June 30, 2019 
Real Estate   538    - 
Telecommunications   3,155    - 
Others   1,018    - 
Total depreciation of right-of-use assets   4,711    - 

 

Other charges to income related to rights of use were as follows: Ps. 509 (interest)

 

   June 30, 2020 
Interests   (509)
Results from short-term leases   19,560 
      

 

The average discount rate and the term of liability for lease recognized as of June 30, 2020 are detailed below:

 

    Center of Operations in Argentina  Center of Operations in Israel    
Average discount rate   Maturity date  Average discount rate   Maturity date
 10.61%    2023-2041   3%    2022-2090