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Trade and other receivables

12 Months Ended

Jun. 30, 2021

15. Trade and other receivables

Group’s trade and other receivables as of June 30, 2021 and 2020 were as follows:

	June 30, 2021			June 30, 2020
Sale, leases and services receivables		4,593			57,756
Less: Allowance for doubtful accounts		(851	)		(5,610	)
Total trade receivables		3,742			52,146
Prepaid expenses		805			20,271
Borrowings, deposits and others		3,669			15,064
Advances to suppliers		950			1,516
Tax receivables		1,166			1,208
Others		990			322
Total other receivables		7,580			38,381
Total trade and other receivables		11,322			90,527
Non-current		2,847			34,738
Current		8,475			55,789
Total		11,322			90,527

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, 2021			June 30, 2020
Beginning of the year		5,610			3,985
Additions (i)		755			1,544
Recovery (i)		(229	)		(164	)
Currency translation adjustment		(276	)		1,597
Deconsolidation		(4,643	)		(30	)
Receivables written off during the year as uncollectable		(28	)		(1,077	)
Transfer to assets held for sale		-			(30	)
Incorporation by business combination		-			27
Inflation adjustment		(338	)		(242	)
End of the year		851			5,610

(i)	The creation and release of the provision for impaired receivables have been included in “Selling expenses” in the Consolidated Statements of Income and Other Comprehensive 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, 2021 and 2020 (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															Additions / (reversals) for
	Up to 3 months		From 3 to 6 months		Over 6 months		Non-past due		Impaired		Total		% of representation			doubtful accounts
Leases and services		338		247		657		2,313		835		4,390		95.58	%		(194	)
Consumer financing		-		-		-		-		16		16		0.35	%		-
Sale of properties and developments		-		-		-		187		-		187		4.07	%		-
Total as of June 30, 2021		338		247		657		2,500		851		4,593		100.00	%		(194	)

Leases and services		584		84		131		3,482		1,044		5,325		9.22	%		(128	)
Consumer financing		-		-		-		-		24		24		0.04	%		14
Sale of properties and developments		284		8		8		1,068		2		1,370		2.37	%		-
Sale of communication equipment		-		-		-		20,538		703		21,241		36.78	%		-
Agricultural products		2,352		397		183		1,741		30		4,703		8.14	%		-
Telecommunication services		2,230		-		671		18,385		3,807		25,093		43.45	%		(589	)
Total as of June 30, 2020		5,450		489		993		45,214		5,610		57,756		100.00	%		(703	)