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Cash flow information

12 Months Ended

Jun. 30, 2020

16.

Cash flow information

Following is a detailed description of cash flows generated by the Group's operations for the years ended June 30, 2020, 2019 and 2018:

	Note	06.30.2020			06.30.2019			06.30.2018
Profit / (loss) for the period			23,731			(38,371	)		33,211
Profit for the period from discontinued operations			(18,085	)		(7,140	)		(36,441	)
Adjustments for:									-
Income tax	18		6,869			(4,251	)		(11,135	)
Amortization and depreciation	20		16,268			10,676			9,628
Loss from disposal of property, plant and equipment			-			-			-
Net gain / (loss) from fair value adjustment of investment properties			(30,742	)		37,877			(19,160	)
Share-based compensation			211			63			66
Impairment associates			2,470			-			-
Impairment of goodwill			-			184			-
Impairment of properties for sale			-			46			-
Impairment of others assets			-			317			-
Net gain from disposal of intangible assets			-			(13	)		-
Gain from disposal of subsidiary and associates			247			(983	)		(859	)
Gain from business combination			(3,501	)		-			-
Financial results, net			36,950			13,333			25,714
Provisions and allowances			1,122			1,534			865
Share of (profit) /loss of associates and joint ventures	7		(8,517	)		7,200			3,722
Changes in operating assets and liabilities:									-
Decrease in inventories			140			350			263
Decrease in trading properties			930			707			1,264
Increase in restricted assets			(1,165	)		(203	)		-
Decrease in trade and other receivables			7,186			1,975			71
Decrease in trade and other payables			(3,528	)		(1,358	)		1,109
Decrease in salaries and social security liabilities			(122	)		(130	)		136
Decrease in provisions			(1,549	)		(396	)		(513	)
Net cash generated by continuing operating activities before income tax paid			28,915			21,417			7,941
Net cash generated by discontinued operating activities before income tax paid			2,848			6,354			14,161
Net cash generated by operating activities before income tax paid			31,763			27,771			22,102

The following table shows balances incorporated as result of business combination / deconsolidation or reclassification of assets and liabilities held for sale of subsidiaries:

	June 30, 2020			June 30, 2019
Investment properties		155,602			(9,743	)
Property, plant and equipment		(5,047	)		(64,039	)
Trading properties		155			-
Intangible assets		3,224			(13,759	)
Investments in associates and joint ventures		2,517			(812	)
Restricted assets		214			(203	)
Income tax and MPIT credit		44			-
Trade and other receivables		(9,053	)		(26,471	)
Right-of-use assets		(3,977	)		-
Investments in financial assets		13,544			(6,329	)
Derivative financial instruments		(37	)		(51	)
Inventories		(2,503	)		(13,110	)
Borrowings		(88,080	)		46,804
Deferred income tax liabilities		(20,206	)		6,217
Trade and other payables		2,313			50,992
Lease liabilities		2,077			-
Provisions		57			960
Employee benefits		107			2,788
Salaries and social security liabilities		138			5,312
Income tax expense		(107	)		16
Net amount of non-cash assets incorporated / held for sale		50,982			(21,428	)
Cash and cash equivalents		(6,003	)		(12,350	)
Non-controlling interest		50,745			16,296
Goodwill		(376	)		164
Net amount of assets incorporated / held for sale		95,348			(17,318	)
Seller Financed Amount		-			(84	)
Net (outflow) inflow of cash and cash equivalents / assets and liabilities held for sale		95,348			(17,402	)

The following table shows a detail of significant non-cash transactions occurred in the years ended June 30, 2020, 2019 and 2018:

	06.30.2020		06.30.2019			06.30.2018
Decrease in associates and joint ventures through an increase in assets held for sale		2,070		-			97
Increase of investment properties through a decrease of financial assets		278		-			9
Increase of properties for sale through an increase in borrowings		12		17			4
Changes in non-controlling interest through a decrease in trade and other receivables		-		-			3,069
Increase of property, plant and equipment through an increase of trade and other payables		739		853			4,859
Increase of intangible assets through an increase of trade and other payables		494		330			11
Distribution of dividends on shares		589		2,611			-
Decrease in associates and joint ventures through an increase in trade and other receivables		-		-			25
Increase in property, plant and equipment through increased borrowings		-		6			20
Registration of investment properties through a decrease in credits for trade and other receivables		28		574			129
Increase in financial instruments through a decrease in investments in associates and joint ventures		-		-			144
Issuance of NCN		21		3,354			-
Increase in trade and other receivables through increase in borrowings		-		-			243
Distribution of dividends to non-controlling interest pending payment		1,761		(340	)		(3,399	)
Decrease of in investments in associates and joint ventures through a decrease in borrowings		-		9			443
Increase of associates due to loss of control in subsidiaries		1,335		-			-
Decrease in borrowings through a decrease in financial assets		2,454		-			-
Increase in investment properties through an increase in trade and other payables		711		705			296
Increase of investment properties through an increase of borrowings		81		233			60
Increase in investment in associates through a decrease in investments in financial assets		854		-			-
Increase in investments in financial assets through a decrease in investment properties		1,188		-			-
Increase in rights of use through an increase in lease liabilities - Adjustment of opening balances (IFRS 16)		14,124		-			-
Increase in rights of use through an increase in lease liabilities		8,091		-			-