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Summary of significant accounting policies (Tables)

12 Months Ended

Jun. 30, 2020

Summary of Significant Accounting Policies [Abstract]

Schedule of evolution of these indices

Annual price variation		June 30, 2018				June 30, 2019				June 30, 2020				Cumulative as of June 30, 2020 (3 years)
			29	%			56	%			43	%			128	%

Schedule of income and other comprehensive income

Standards and amendment	Description	Date of mandatory adoption for the Group in the year ended on
IFRS 16 "Leases".	Lessees are required to account for all leases under one single model in the balance sheet that is similar to the one used to account for financial leases under IAS 17, including two exceptions for the recognition of leases; low-cost asset leases and short-term leases. Accounting by the lessor has no significant changes.	06-30- 2020
Amendment to IAS 28 "Investment in associates and joint ventures"	Requires the adoption of IFRS 9 regarding long-term investments that are essentially part of the net investment of an entity in an associate or joint venture.	06-30- 2020
Definition of Material - Amendments to IAS 1 and IAS 8	The IASB has made modifications to IAS 1 "Presentation of Financial Statements" and IAS 8"Accounting policies, changes in accounting estimates and errors" and which requires that the assessment of materiality be consistent for the application of IFRS.	06-30-2020
Defining a business - Amendments to IFRS 3	The new business definition requires that a business combination contribute significantly to creating products or services.	06-30-2020
Amendments to IAS 19- Plan amendment, curtailment or settlement.	Clarifies the accounting for defined benefit plan amendments, curtailments or settlements. The amendments require an entity to: (i) determine current service cost and net interest for the remainder of the period after a plan amendment, curtailment or settlement, using updated assumptions at the time of the amendment; (ii) recognize any reduction in a surplus immediately in gains or losses, as part of past service cost or a gain or loss on settlement. In other words, any surplus reduction must be recognized, even if that surplus was not previously recognized because of the impact of the asset ceiling; and (iii) separately recognize any change in the asset ceiling through other comprehensive income.	06-30-2019

Standards and amendment	Description	Date of mandatory adoption for the Group in the year ended on
Covid-19- related lease concessions – Amendments to IFRS 16	As a result of the COVID-19 pandemic, lessees have been granted lease concessions. Such concessions may take a variety of forms, including forgiveness or deferral of rental payments. In May 2020, the IASB amended IFRS 16 – Leases, whereby lessees are permitted to account for the rent concessions as if they were not lease modifications. In several cases, this will result in such concessions being accounted for as variable rent payments within Within the period in which they are granted.	06-30- 2021
Property, Plant and Equipment: Proceeds before Intended Use – Amendments to IAS 16	Amendment to IAS 16 – Property, Plant and Equipment (PP&E) prohibits deducting from the cost of an item of property, plant and equipment any proceeds from selling items produced while the entity is preparing the asset for its intended use. It also specifies that an entity is "testing whether an item of PPE is functioning properly" when it assesses its technical and physical performance. The financial performance of the asset is not relevant for such assessment.	06-30- 2023
Reference to the Conceptual Framework – Amendments to IFRS 3	Some minor amendments were made to IFRS 3 Business combinations to update references to the Conceptual Framework for financial information and add an exception to the recognition principles for liabilities and contingent liabilities within the scope of IAS 37, Provisions, Contingent liabilities and contingent assets and interpretation 21 Levies. The amendments also confirm that contingent assets should not be recognized on the acquisition date.	06-30-2023
Annual Improvements to IFRS 2018-2020	The following improvements were issued in May 2020: IFRS 9 Financial instruments. The amendment clarifies which fees an entity includes when it applies the '10 per cent' test in assessing whether to derecognize a financial liability. IFRS 16 Leases. The amendment to Illustrative Example 13 removes from the example the illustration of the reimbursement of leasehold improvements by the lessor in order to resolve any potential confusion regarding the treatment of lease incentives that might arise. IFRS 1 First-time adoption of International Financial Reporting Standards: Entities that have measured their assets and liabilities at the carrying amounts in their parents´ books are also allowed to measure cumulative translation differences using the amounts reported by their parents. This amendment will also apply to associated and joint ventures that have also taken the IFRS 1 exemption. IAS 41: This amendment removes the requirement for entities to exclude taxation cash flows when measuring the fair value pursuant to IAS 41. This amendment is intended to align with the requirement in the standard to discount cash flows on a post-tax basis.	06-30-2023

Schedule of financial position

		07.01.2019
		Implamentation of NIIF 16				Implementation of IAS 28				Total
ASSETS
Non- Current Assets
Investment properties			426				-				426
Right-of-use assets			14,124				-				14,124
Investments in associates and joint ventures			-				(1,979	)			(1,979	)
Trade and other receivables			81				-				81
Total Non-Current Assets			14,631				(1,979	)			12,652
Current assets			-				-				-
Income tax and MPIT credit			17				-				17
Trade and other receivables			(170	)			-				(170	)
Group of assets held for sale			3,121				-				3,121
Total current assets			2,968				-				2,968
TOTAL ASSETS			17,599				(1,979	)			15,620
SHAREHOLDERS' EQUITY			-				-				-
Capital and reserves attributable to equity holders of the parent			-				-				-
Retained earnings			(187	)			(1,119	)			(1,306	)
Total capital and reserves attributable to equity holders of the parent			(187	)			(1,119	)			(1,306	)
Non-controlling interest			-				(860	)			(860	)
TOTAL SHAREHOLDERS' EQUITY			(187	)			(1,979	)			(2,166	)
LIABILITIES			-				-				-
Non-Current Liabilities			-				-				-
Lease liabilities			10,622				-				10,622
Total Non-Current Liabilities			10,622				-				10,622
Current Liabilities			-				-				-
Lease liabilities			3,925				-				3,925
Trade and other payables			(89	)			-				(89	)
Group of liabilities held for sale			3,328				-				3,328
Total Current Liabilities			7,164				-				7,164
TOTAL LIABILITIES			17,786				-				17,786
TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES			17,599				(1,979	)			15,620

Schedule of business through several operating and investment companies

						% of ownership interest held by the Group
Name of the entity		Country		Main activity		06.30.2020				06.30.2019				06.30.2018
IRSA's direct interest:
IRSA CP (1)		Argentina		Real estate			80.65	%			83.80	%			86.34	%
E-Commerce Latina S.A.		Argentina		Investment			100.00	%			100.00	%			100.00	%
Efanur S.A.		Uruguay		Investment			100.00	%			100.00	%			100.00	%
Hoteles Argentinos S.A.U.		Argentina		Hotel			100.00	%			100.00	%			80.00	%
Inversora Bolívar S.A.		Argentina		Investment			100.00	%			100.00	%			100.00	%
Llao Llao Resorts S.A. (2)		Argentina		Hotel			50.00	%			50.00	%			50.00	%
Nuevas Fronteras S.A.		Argentina		Hotel			76.34	%			76.34	%			76.34	%
Palermo Invest S.A.		Argentina		Investment			100.00	%			100.00	%			100.00	%
Ritelco S.A.		Uruguay		Investment			100.00	%			100.00	%			100.00	%
Tyrus S.A.		Uruguay		Investment			100.00	%			100.00	%			100.00	%
U.T. IRSA y Galerias Pacifico (2)		Argentina		Investment			50.00	%			50.00	%			50.00	%
IRSA CP's direct interest:
Arcos del Gourmet S.A.		Argentina		Real estate			90.00	%			90.00	%			90.00	%
Emprendimiento Recoleta S.A.		Argentina		Real estate			53.68	%			53.68	%			53.68	%
Fibesa S.A. (3)		Argentina		Real estate			100.00	%			100.00	%			100.00	%
Panamerican Mall S.A.		Argentina		Real estate			80.00	%			80.00	%			80.00	%
Shopping Neuquén S.A.		Argentina		Real estate			99.95	%			99.95	%			99.92	%
Torodur S.A.		Uruguay		Investment			100.00	%			100.00	%			100.00	%
EHSA		Argentina		Investment			70.00	%			70.00	%			70.00	%
Centro de Entretenimiento La Plata		Argentina		Real estate			100.00	%			100.00	%			100.00	%
Pareto S.A.		Argentina		design and software development			69.69	%			69.69	%			-
La Malteria		Argentina		Real estate			-				100.00	%			-
Tyrus S.A.'s direct interest:
DFL and DN BV		Bermuda's / Netherlands		Investment			97.04	%			96.46	%			91.57	%
I Madison LLC		USA		Investment			-				-				-
IRSA Development LP		USA		Investment			-				-				-
IRSA International LLC		USA		Investment			100.00	%			100.00	%			100.00	%
Jiwin S.A.		Uruguay		Investment			100.00	%			100.00	%			100.00	%
Liveck S.A. (7)		Uruguay		Investment			100.00	%			100.00	%			100.00	%
Real Estate Investment Group V LP (REIG V)		Bermuda's		Investment			-				100.00	%			100.00	%
Real Estate Strategies LLC		USA		Investment			100.00	%			100.00	%			100.00	%
Efanur S.A.'s direct interest:
Real Estate Investment Group VII LP (REIG VII)		Bermuda's		Investment			100.00	%			100.00	%			100.00	%
DFL's and DN BV's direct interest:
IDB Development Corporation Ltd.		Israel		Investment			100.00	%			100.00	%			100.00	%
Dolphin IL Investment Ltd.		Israel		Investment			100.00	%			100.00	%			100.00	%
DIL's direct interest:
Discount Investment Corporation Ltd. (4)		Israel		Investment			83.72	%			83.77	%			76.57	%
IDBD's direct interest:
IDB Tourism (2009) Ltd.		Israel		Tourism services			100.00	%			100.00	%			100.00	%
IDB Group Investment Inc		Israel		Investment			100.00	%			100.00	%			100.00	%
DIC's direct interest:
Property & Building Corporation Ltd.		Israel		Real estate			72.40	%			68.80	%			64.40	%
Cellcom Israel Ltd. (5)		Israel		Telecommunications			46.20	%			44.10	%			43.14	%
Elron Electronic Industries Ltd.		Israel		Investment			61.06	%			61.06	%			50.30	%
Bartan Holdings and Investments Ltd.		Israel		Investment			55.68	%			55.68	%			55.68	%
Epsilon Investment House Ltd.		Israel		Investment			68.75	%			68.75	%			68.75	%
Mehadrin Ltd (8)		Israel		Agricultural			43.75	%			-				-
PBC's direct interest:
Gav-Yam Bayside Land Corporation Ltd. (6)		Israel		Real estate			-				51.70	%			51.70	%
Ispro The Israeli Properties Rental Corporation Ltd.		Israel		Real estate			100.00	%			100.00	%			100.00	%
Matam - Scientific Industries Center Haifa Ltd.		Israel		Real estate			50.10	%			50.10	%			50.10	%
Hadarim Properties Ltd.		Israel		Real estate			100.00	%			100.00	%			100.00	%
Property & Building (Commercial Centers) Ltd.		Israel		Real estate			100.00	%			100.00	%			100.00	%
PBC USA Investments Inc		USA		Real estate			100.00	%			100.00	%			100.00	%

(1) Includes interest held through E-Commerce Latina S.A. and Tyrus S.A..

(2) The Group has consolidated the investment in Llao Llao Resorts S.A. and UT IRSA and Galerías Pacífico considering its equity interest and a shareholder agreement that confers it majority of votes in the decision making process.

(3) Includes interest held through Ritelco S.A. and Torodur S.A.

(4) Includes Tyrus' equity interest.

(5) DIC considers it exercises effective control over Cellcom because DIC is the group with the higher percentage of votes (48.5%) vis-à-vis other shareholders, also taking into account the historic voting performance in the Shareholders' Meetings, as well as the evaluation of the holdings of the remaining shareholders, which are highly atomized.

(6) Control was lost in September 2019. See Note 4.C.

(7) Includes Tyrus' and IRSA S.A.'s equity interests.

(8) DIC considers that it exercises control because DIC is the group with the higher percentage of votes (43.75%) vis-à-vis other shareholders that are highly atomized.

Schedule of useful life

Buildings and facilities	Between 5 and 50 years
Machinery and equipment	Between 3 and 24 years
Communication networks	Between 4 and 20 years
Others	Between 3 and 25 years