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Trade and other receivables

12 Months Ended

Jun. 30, 2022

15. Trade and other receivables

Group’s trade and other receivables as of June 30, 2022 and 2021 were as follows:

	June 30, 2022			June 30, 2021
Sale, leases and services receivables		8,012			7,532
Less: Allowance for doubtful accounts		(853	)		(1,395	)
Total trade receivables		7,159			6,137
Prepaid expenses		339			1,320
Borrowings, deposits and others		4,661			6,017
Advances to suppliers		917			1,558
Tax receivables		935			1,912
Others		1,156			1,623
Total other receivables		8,008			12,430
Total trade and other receivables		15,167			18,567
Non-current		4,336			4,669
Current		10,831			13,898
Total		15,167			18,567

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 Consolidated 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, 2022			June 30, 2021
Beginning of the year		1,395			9,199
Additions (i)		250			1,238
Recovery (i)		(282	)		(376	)
Currency translation adjustment		73			(452	)
Deconsolidation		-			(7,614	)
Receivables written off during the year as uncollectable		(12	)		(46	)
Inflation adjustment		(571	)		(554	)
End of the year		853			1,395

(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, 2022 and 2021 (a column of non-past due receivables is also included so that the totals can be reconciled with the amounts appearing on the Consolidated Statement of Financial Position):

	Past due
	Up to 3 months		From 3 to 6 months		Over 6 months		Non-past due		Impaired		Total		% of representation
Leases and services		391		238		649		5,607		853		7,738		96.58	%
Consumer financing		-		-		-		87		-		87		1.09	%
Sale of properties and developments		40		-		20		127		-		187		2.33	%
Total as of June 30, 2022		431		238		669		5,821		853		8,012		100.00	%

Leases and services		554		405		1,077		3,794		1,369		7,199		95.58	%
Consumer financing		-		-		-		-		26		26		0.35	%
Sale of properties and developments		-		-		-		307		-		307		4.07	%
Total as of June 30, 2021		554		405		1,077		4,101		1,395		7,532		100.00	%