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Taxes (Tables)
 12 Months Ended
Jun. 30, 2021
Schedule of income tax

Accumulated net taxable profit

 

 

Will pay

 

 

More of %

 

 

On the surplus of

 

More of

 

 

To

 

 

 

 

 

-

 

 

 

5,000,000

 

 

 

-

 

 

 

25%

 

 

-

 

 

5,000,000

 

 

 

50,000,000

 

 

 

1,250,000

 

 

 

30%

 

 

5,000,000

 

 

50,000,000

 

 

Onwards

 

 

 

14,750,000

 

 

 

35%

 

 

50,000,000

 
Schedule of provision for group income tax

 

 

June 30,

2021

 

 

June 30,

2020

 

 

June 30,

2019

 

Current income tax

 

 

(958)

 

 

(386)

 

 

(337)

Deferred income tax

 

 

(20,715)

 

 

(9,476)

 

 

7,097

 

Minimum presumed income tax

 

 

-

 

 

 

(203)

 

 

-

 

Income tax from continuing operations

 

 

(21,673)

 

 

(10,065)

 

 

6,760

 
Schedule of statutory taxes rates

Tax jurisdiction

 

Income

tax rate

 

Argentina

 

25% - 35

%

Uruguay

 

0% - 25

%

U.S.A

 

0% - 40

%

Bermuda

 

 

0%

Israel

 

23% - 24

% 
Schedule of reconciliation of income tax expense

 

 

June 30,

2021

 

 

June 30,

2020

 

 

June 30,

2019

 

Profit / (loss) from continuing operations at tax rate applicable in the respective countries

 

 

2,099

 

 

 

(16,122)

 

 

17,519

 

Permanent differences:

 

 

 

 

 

 

 

 

 

 

 

 

Share of profit of associates and joint ventures

 

 

(1,314)

 

 

1,335

 

 

 

(2,498)

Unrecognized tax loss carryforwards

 

 

(2,361)

 

 

(1,253)

 

 

(2,772)

Inflation adjustment permanent difference

 

 

3,521

 

 

 

2,493

 

 

 

-

 

Tax rate differential

 

 

(15,186)

 

 

3,729

 

 

 

(122)

Gain from disposal of subsidiaries

 

 

-

 

 

 

-

 

 

 

859

 

Non-taxable profit, non-deductible expenses and others

 

 

(80)

 

 

2,659

 

 

 

(838)

Fiscal transparency

 

 

(168)

 

 

227

 

 

 

-

 

Tax inflation adjustment

 

 

(8,184)

 

 

(3,133)

 

 

(5,388)

Income tax from continuing operations

 

 

(21,673)

 

 

(10,065)

 

 

6,760

 
Schedule of deferred tax assets and liabilities

 

 

June 30,

2021

 

 

June 30,

2020

 

Deferred income tax asset to be recovered after more than 12 months

 

 

1,599

 

 

 

22,629

 

Deferred income tax asset to be recovered within 12 months

 

 

4,421

 

 

 

1,306

 

Deferred income tax assets

 

 

6,020

 

 

 

23,935

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

2021

 

 

June 30,

2020

 

Deferred income tax liability to be recovered after more than 12 months

 

 

(73,816)

 

 

(86,116)

Deferred income tax liability to be recovered within 12 months

 

 

(506)

 

 

(3,012)

Deferred income tax liability

 

 

(74,322)

 

 

(89,128)

Deferred income tax liabilities, net

 

 

(68,302)

 

 

(65,193)
Schedule of movement in the deferred income tax assets and liabilities

 

 

06.30.20

 

 

Cumulative translation adjustment

 

 

Charged / (Credited) to the Consolidated Statements of Income and Other Comprehensive Income

 

 

Revaluation surplus reserve

 

 

Deconsolidation

 

 

Incorporation by business combination

 

 

06.30.21

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment

 

 

445

 

 

 

74

 

 

 

56

 

 

 

-

 

 

 

(64)

 

 

-

 

 

 

511

 

Trade and other payables

 

 

7,986

 

 

 

2,436

 

 

 

(49)

 

 

-

 

 

 

(9,621)

 

 

-

 

 

 

752

 

Tax loss carry-forwards

 

 

12,836

 

 

 

2,320

 

 

 

(5,884)

 

 

-

 

 

 

(9,039)

 

 

-

 

 

 

233

 

Borrowings

 

 

231

 

 

 

-

 

 

 

845

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,076

 

Trade and other receivables

 

 

99

 

 

 

-

 

 

 

2,837

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2,936

 

Others

 

 

2,338

 

 

 

522

 

 

 

(267)

 

 

-

 

 

 

(2,119)

 

 

38

 

 

 

512

 

Subtotal assets

 

 

23,935

 

 

 

5,352

 

 

 

(2,462)

 

 

-

 

 

 

(20,843)

 

 

38

 

 

 

6,020

 

Liabilities

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Investment properties and Property, plant and equipment

 

 

(77,595)

 

 

(1,492)

 

 

(7,211)

 

 

(83)

 

 

28,563

 

 

 

-

 

 

 

(57,818)

Trade and other receivables

 

 

(1,385)

 

 

-

 

 

 

(1,904)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(3,289)

Investments

 

 

(107)

 

 

-

 

 

 

104

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(3)

Tax inflation adjustment

 

 

(6,491)

 

 

-

 

 

 

(6,509)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(13,000)

Borrowings

 

 

(1,433)

 

 

(475)

 

 

94

 

 

 

-

 

 

 

1,816

 

 

 

-

 

 

 

2

 

Intangible assets

 

 

(3,595)

 

 

(1,179)

 

 

168

 

 

 

-

 

 

 

4,531

 

 

 

-

 

 

 

(75)

Others

 

 

1,478

 

 

 

(525)

 

 

(2,718)

 

 

-

 

 

 

1,626

 

 

 

-

 

 

 

(139)

Subtotal liabilities

 

 

(89,128)

 

 

(3,671)

 

 

(17,976)

 

 

(83)

 

 

36,536

 

 

 

-

 

 

 

(74,322)

Assets (Liabilities), net

 

 

(65,193)

 

 

1,681

 

 

 

(20,438)

 

 

(83)

 

 

15,693

 

 

 

38

 

 

 

(68,302)

 

 

06.30.19

 

 

Cumulative translation adjustment

 

 

Charged / (Credited) to the Consolidated Statements of Income and Other Comprehensive Income

 

 

Revaluation surplus reserve

 

 

Charged / (Credited) to the revaluation surplus reserve

 

 

Deconsolidation

 

 

Incorporation by business combination

 

 

06.30.20

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment

 

 

255

 

 

 

1,524

 

 

 

(1,334)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

445

 

Investments

 

 

9

 

 

 

-

 

 

 

(9)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Trade and other payables

 

 

8,600

 

 

 

1,289

 

 

 

(1,256)

 

 

-

 

 

 

-

 

 

 

(647)

 

 

-

 

 

 

7,986

 

Tax loss carry-forwards

 

 

10,479

 

 

 

1,560

 

 

 

922

 

 

 

-

 

 

 

-

 

 

 

(125)

 

 

-

 

 

 

12,836

 

Others

 

 

1,805

 

 

 

250

 

 

 

613

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2,668

 

Subtotal assets

 

 

21,148

 

 

 

4,623

 

 

 

(1,064)

 

 

-

 

 

 

-

 

 

 

(772)

 

 

-

 

 

 

23,935

 

Liabilities

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Investment properties and Property, plant and equipment

 

 

(87,425)

 

 

(260)

 

 

(11,864)

 

 

(137)

 

 

539

 

 

 

22,489

 

 

 

(937)

 

 

(77,595)

Trade and other receivables

 

 

(1,335)

 

 

-

 

 

 

(50)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(1,385)

Investments

 

 

(197)

 

 

-

 

 

 

90

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(107)

Tax inflation adjustment

 

 

(4,532)

 

 

-

 

 

 

(1,959)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(6,491)

Borrowings

 

 

(1,589)

 

 

(424)

 

 

580

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(1,433)

Intangible assets

 

 

(3,402)

 

 

(768)

 

 

575

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(3,595)

Others

 

 

(802)

 

 

(804)

 

 

3,722

 

 

 

-

 

 

 

-

 

 

 

(273)

 

 

(365)

 

 

1,478

 

Subtotal liabilities

 

 

(99,282)

 

 

(2,256)

 

 

(8,906)

 

 

(137)

 

 

539

 

 

 

22,216

 

 

 

(1,302)

 

 

(89,128)

Assets (Liabilities), net

 

 

(78,134)

 

 

2,367

 

 

 

(9,970)

 

 

(137)

 

 

539

 

 

 

21,444

 

 

 

(1,302)

 

 

(65,193)
Schedule of tax loss carry forward

Date

 

Total

 

2024

 

 

31

 

2025

 

 

477

 

2026

 

 

157

 

Total

 

 

665