XML 38 R20.htm IDEA: XBRL DOCUMENT

Trade and other receivables

12 Months Ended

Jun. 30, 2020

Trade and other receivables [abstract]

15. Trade and other receivables

Group's trade and other receivables as of June 30, 2020 and 2019 were as follows:

	June 30, 2020			June 30, 2019
Sale, leases and services receivables		38,453			35,458
Less: Allowance for doubtful accounts		(3,735	)		(2,653	)
Total trade receivables		34,718			32,805
Prepaid expenses		13,496			7,982
Borrowings, deposits and others		10,029			4,119
Advances to suppliers		1,009			1,295
Tax receivables		804			637
Others		215			3,063
Total other receivables		25,553			17,096
Total trade and other receivables		60,271			49,901
Non-current		23,128			17,680
Current		37,143			32,221
Total		60,271			49,901

Book amounts of Group's trade and other receivables in foreign currencies are detailed in Note 31.

The fair value of current receivables approximates their respective carrying amounts because, due to their short-term nature, the effect of discounting is not considered significant.

Trade accounts receivables are generally presented in the Statements of Financial Position net of allowances for doubtful accounts. Impairment policies and procedures by type of receivables are discussed in detail in Note 2. Movements on the Group's allowance for doubtful accounts were as follows:

	June 30, 2020			June 30, 2019
Beginning of the year		2,653			1,791
Adjustments previous periods (IFRS 9)		-			194
Additions (*)		1,028			780
Recovery		(109	)		(61	)
Currency translation adjustment		1,064			635
Deconsolidation		(20	)		-
Receivables written off during the period/year as uncollectable		(717	)		(464	)
Transfer to assets held for sale		(20	)		-
Incorporation by business combination		18			-
Inflation adjustment		(162	)		(222	)
End of the year		3,735			2,653

(*) The creation and release of the provision for impaired receivables have been included in "Selling expenses" in the Statements of Income (Note 24).

The Group's trade receivables comprise several classes. The maximum exposure to credit risk at the reporting date is the carrying amount of each class of receivables (see Note 5). The Group also has receivables from related parties neither of them is due nor impaired.

Due to the distinct characteristics of each type of receivables, an aging analysis of past due unimpaired and impaired receivables is shown by type and class, as of June 30, 2020 and 2019 (a column of non-past due receivables is also included so that the totals can be reconciled with the amounts appearing on the Statement of Financial Position):

	Past due
	Up to 3 months		From 3 to 6 months		Over 6 months		Non-past due		Impaired		Total		% of representation			Loss for bad debts
Leases and services		389		56		87		2,318		695		3,545		9,22	%		(85	)
Consumer financing		-		-		-		-		16		16		0,04	%		9
Sale of properties and developments		189		5		5		712		1		912		2,37	%		-
Sale of communication equipment		-		-		-		13,674		468		14,142		36,78	%		-
Agricultural products		1,566		264		122		1,159		20		3,131		8,14	%		-
Telecommunication services		1,485		-		447		12,240		2,535		16,707		43,45	%		(392	)
Total as of June 30, 2020		3,629		325		661		30,103		3,735		38,453		100,00	%		(468	)
																	0
Leases and services		420		124		176		2,758		472		3,950		11,14	%		(121	)
Hotel services		-		-		-		147		-		147		0,42	%		-
Consumer financing		-		-		-		-		23		23		0,06	%		13
Sale of properties and developments		86		14		14		2,423		26		2,563		7,23	%		-
Sale of communication equipment		-		-		-		14,234		204		14,438		40,72	%		-
Telecommunication services		1,604		-		495		10,310		1,928		14,337		40,43	%		(561	)
Total as of June 30, 2019		2,110		138		685		29,872		2,653		35,458		100,00	%		(669	)