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Provisions
 12 Months Ended
Jun. 30, 2021
Provisions  
19. Provisions

19. Provisions

 

The Group is subject to claims, lawsuits and other legal proceedings in the ordinary course of business, including claims from clients where a third party seeks reimbursement or damages. The Group’s responsibility under such claims, lawsuits and legal proceedings cannot be estimated with certainty. From time to time, the status of each major issue is evaluated and its potential financial exposure is assessed. If the potential loss involved in the claim or proceeding is deemed probable and the amount may be reasonably estimated, a liability is recorded. The Group estimates the amount of such liability based on the available information and in accordance with the provisions of the IFRS. If additional information becomes available, the Group will make an evaluation of claims, lawsuits and other outstanding proceeding, and will revise its estimates.

 

The following table shows the movements in the Group’s provisions categorized by type:

 

 

 

Legal claims (i)

 

 

Investments in associates and joint ventures (ii)

 

 

Site dismantling and remediation

 

 

Other provisions

 

 

Total

 

As of 06.30.19

 

 

3,587

 

 

 

13,006

 

 

 

514

 

 

 

3,794

 

 

 

20,901

 

Additions (i)

 

 

665

 

 

 

-

 

 

 

50

 

 

 

-

 

 

 

715

 

Share of los of associates

 

 

-

 

 

 

(11,206)

 

 

-

 

 

 

-

 

 

 

(11,206)

Incorporated by business combination

 

 

84

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

84

 

Recovery (i)

 

 

(65)

 

 

(1,516)

 

 

-

 

 

 

-

 

 

 

(1,581)

Used during the year

 

 

(978)

 

 

-

 

 

 

-

 

 

 

(272)

 

 

(1,250)

Inflation adjustment

 

 

(102)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(102)

Currency translation adjustment

 

 

556

 

 

 

(258)

 

 

108

 

 

 

299

 

 

 

705

 

As of 06.30.20

 

 

3,747

 

 

 

26

 

 

 

672

 

 

 

3,821

 

 

 

8,266

 

Additions (i)

 

 

92

 

 

 

-

 

 

 

28

 

 

 

(111)

 

 

9

 

Deconsolidation

 

 

(3,093)

 

 

-

 

 

 

(653)

 

 

(3,349)

 

 

(7,095)

Recovery (i)

 

 

(33)

 

 

(19)

 

 

-

 

 

 

-

 

 

 

(52)

Used during the year

 

 

(101)

 

 

-

 

 

 

-

 

 

 

(28)

 

 

(129)

Inflation adjustment

 

 

(114)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(114)

Currency translation adjustment

 

 

(244)

 

 

-

 

 

 

(47)

 

 

(333)

 

 

(624)

As of 06.30.21

 

 

254

 

 

 

7

 

 

 

-

 

 

 

-

 

 

 

261

 

 

 

 

June 30,

2021

 

 

June 30,

2020

 

Non-Current

 

 

114

 

 

 

4,601

 

Current

 

 

147

 

 

 

3,665

 

Total

 

 

261

 

 

 

8,266

 

 

 

(i)

Additions and recoveries are included in “Other operating results, net”.

 

(ii)

Corresponds to the equity interest in Puerto Retiro in 2021 and 2020. Additions and recoveries are included in “Share of profit / (loss) of associates and joint ventures”.