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Cash flow information
 12 Months Ended
Jun. 30, 2022
16. Cash flow information

16. Cash flow information

 

Following is a detailed description of cash flows generated by the Group’s operations for the years ended June 30, 2022, 2021 and 2020:

 

 

 

Note

 

 

06.30.2022

 

 

06.30.2021

 

 

06.30.2020

 

Profit / (loss) for the year

 

 

 

 

 

34,892

 

 

 

(61,641)

 

 

58,461

 

Profit for the year from discontinued operations

 

 

 

 

 

-

 

 

 

14,633

 

 

 

8,112

 

Adjustments for:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax

 

 

21

 

 

 

2,770

 

 

 

35,540

 

 

 

16,505

 

Amortization and depreciation

 

 

24

 

 

 

931

 

 

 

1,051

 

 

 

1,174

 

Net (gain) / loss from fair value adjustment of investment properties

 

 

 

 

 

 

(13,650)

 

 

12,742

 

 

 

(83,080)

Gain from disposal of associates

 

 

 

 

 

 

-

 

 

 

(61)

 

 

-

 

Financial results, net

 

 

 

 

 

 

(14,298)

 

 

(10,840)

 

 

32,366

 

Provisions and allowances

 

 

 

 

 

 

1,560

 

 

 

1,846

 

 

 

2,035

 

Share of loss / (profit) of associates and joint ventures

 

 

8

 

 

 

355

 

 

 

7,182

 

 

 

(17,787)

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

(Increase) / decrease in inventories

 

 

 

 

 

 

(7)

 

 

43

 

 

 

10

 

Decrease / (increase) in trading properties

 

 

 

 

 

 

89

 

 

 

(46)

 

 

(971)

Increase in restricted assets

 

 

 

 

 

 

-

 

 

 

-

 

 

 

(2,870)

(Increase) / decrease in trade and other receivables

 

 

 

 

 

 

(31)

 

 

2,483

 

 

 

4,680

 

Increase / (decrease) in trade and other payables

 

 

 

 

 

 

624

 

 

 

(5,553)

 

 

(735)

Increase / (decrease) in salaries and social security liabilities

 

 

 

 

 

 

31

 

 

 

87

 

 

 

(476)

Decrease in provisions

 

 

 

 

 

 

(97)

 

 

(176)

 

 

(1,309)

Net cash generated by / (used in) continuing operating activities before income tax paid

 

 

 

 

 

 

13,169

 

 

 

(2,710)

 

 

16,115

 

Net cash generated by discontinued operating activities before income tax paid

 

 

 

 

 

 

-

 

 

 

5,577

 

 

 

62,117

 

Net cash generated by operating activities before income tax paid

 

 

 

 

 

 

13,169

 

 

 

2,867

 

 

 

78,232

 

The following table shows balances incorporated as result of business combination or deconsolidation of subsidiaries:

 

 

 

June 30, 2022

 

 

June 30, 2021

 

 

June 30, 2020

 

Investment properties

 

 

-

 

 

 

192,757

 

 

 

383,250

 

Property, plant and equipment

 

 

-

 

 

 

78,694

 

 

 

(12,432)

Trading properties

 

 

-

 

 

 

12,610

 

 

 

382

 

Intangible assets

 

 

-

 

 

 

59,929

 

 

 

7,940

 

Investments in associates and joint ventures

 

 

-

 

 

 

79,438

 

 

 

6,200

 

Deferred income tax assets

 

 

-

 

 

 

931

 

 

 

-

 

Restricted assets

 

 

-

 

 

 

13,775

 

 

 

526

 

Income tax and MPIT credit

 

 

-

 

 

 

699

 

 

 

108

 

Trade and other receivables

 

 

-

 

 

 

115,924

 

 

 

(22,298)

Right-of-use assets

 

 

-

 

 

 

42,394

 

 

 

(9,795)

Investments in financial assets

 

 

-

 

 

 

51,889

 

 

 

33,359

 

Derivative financial instruments

 

 

-

 

 

 

603

 

 

 

(92)

Inventories

 

 

-

 

 

 

7,727

 

 

 

(6,166)

Group of assets held for sale

 

 

-

 

 

 

90,236

 

 

 

-

 

Borrowings

 

 

-

 

 

 

(697,452)

 

 

(216,942)

Lease liabilities

 

 

-

 

 

 

(38,857)

 

 

-

 

Deferred income tax liabilities

 

 

-

 

 

 

(26,665)

 

 

(49,767)

Trade and other payables

 

 

-

 

 

 

(50,426)

 

 

5,697

 

Lease liabilities

 

 

-

 

 

 

-

 

 

 

5,116

 

Provisions

 

 

-

 

 

 

(11,635)

 

 

141

 

Employee benefits

 

 

-

 

 

 

(1,023)

 

 

264

 

Derivative financial instruments

 

 

-

 

 

 

(1,023)

 

 

-

 

Salaries and social security liabilities

 

 

-

 

 

 

(7,260)

 

 

339

 

Group of liabilities held for sale

 

 

-

 

 

 

(47,235)

 

 

-

 

Income tax expense

 

 

-

 

 

 

(977)

 

 

(264)

Net value of deconsolidated / incorporated assets that do not affect cash

 

 

-

 

 

 

(134,947)

 

 

125,566

 

Cash and cash equivalents

 

 

-

 

 

 

(238,316)

 

 

(14,786)

Non-controlling interest

 

 

-

 

 

 

(102,520)

 

 

124,986

 

Goodwill

 

 

-

 

 

 

-

 

 

 

(927)

Net value of deconsolidated / incorporated assets

 

 

-

 

 

 

(475,783)

 

 

234,839

 

Seller Financed Amount

 

 

-

 

 

 

-

 

 

 

-

 

Net (outflow) / inflow of cash and cash equivalents

 

 

-

 

 

 

(475,783)

 

 

234,839

 

 

The following table shows a detail of significant non-cash transactions occurred in the years ended June 30, 2022, 2021 and 2020:

 

 

 

06.30.2022

 

 

06.30.2021

 

 

06.30.2020

 

Decrease of associates and joint ventures through an increase of assets held for sale

 

 

-

 

 

 

-

 

 

 

5,101

 

Increase of investment properties through a decrease of financial assets

 

 

-

 

 

 

-

 

 

 

685

 

Increase of trading properties through an increase in borrowings

 

 

-

 

 

 

100

 

 

 

30

 

Increase of property, plant and equipment through an increase of trade and other payables

 

 

-

 

 

 

-

 

 

 

1,820

 

Increase of intangible assets through an increase of trade and other payables

 

 

12

 

 

 

-

 

 

 

1,217

 

Distribution of dividends in shares

 

 

-

 

 

 

1,193

 

 

 

1,451

 

Increase of investment properties through a decrease in trade and other receivables

 

 

-

 

 

 

-

 

 

 

69

 

Issuance of NCN

 

 

4,304

 

 

 

-

 

 

 

-

 

Decrease of property, plant and equipment through an increase of tax receivables and tax debts

 

 

-

 

 

 

136

 

 

 

-

 

Distribution of dividends to non-controlling interest pending payment

 

 

-

 

 

 

-

 

 

 

4,337

 

Decrease in borrowings through a decrease in financial assets

 

 

-

 

 

 

-

 

 

 

6,044

 

Increase in investment properties through an increase in trade and other payables

 

 

185

 

 

 

-

 

 

 

1,751

 

Increase of investment properties through an increase of borrowings

 

 

-

 

 

 

668

 

 

 

247

 

Increase in right-of-use assets through an increase in lease liabilities - Adjustment of opening balances (IFRS 16)

 

 

-

 

 

 

-

 

 

 

34,787

 

Increase in right-of-use assets through an increase in lease liabilities

 

 

-

 

 

 

-

 

 

 

19,929

 

Increase in intangible assets through a decrease in investment in associates

 

 

-

 

 

 

1,340

 

 

 

-

 

Currency translation adjustment

 

 

177

 

 

 

18,748

 

 

 

34,929

 

Increase in investment properties under barter agreements

 

 

3,139

 

 

 

-

 

 

 

-

 

Payment of non-convertible notes

 

 

633

 

 

 

-

 

 

 

-

 

Decrease in lease liabilities through a decrease in trade and other receivables

 

 

3

 

 

 

-

 

 

 

-

 

Decrease in investment properties through an increase in property, plant and equipment

 

 

1,558

 

 

 

-

 

 

 

-

 

Decrease in property, plant and equipment through an increase in investment properties

 

 

600

 

 

 

-

 

 

 

-

 

Decrease in property, plant and equipment through an increase in revaluation surplus

 

 

556

 

 

 

-

 

 

 

-

 

Decrease in revaluation surplus through an increase in deferred income tax liabilities

 

 

195

 

 

 

-

 

 

 

-

 

Increase in intangible assets through an increase salaries and social security liabilities

 

 

26

 

 

 

-

 

 

 

-

 

Increase in investments in associates through a decrease in investments in financial assets

 

 

865

 

 

 

-

 

 

 

-

 

Decrease in borrowings through a decrease in credits for trade and other receivables

 

 

441

 

 

 

-

 

 

 

-

 

Increase in investments in associates and joint ventures through a decrease in investments in financial assets

 

 

45

 

 

 

-

 

 

 

-

 

Capital contributions from non-controlling interest through a decrease of borrowings

 

 

4

 

 

 

-

 

 

 

-

 

Capital contributions from non-controlling interest through an increase in trade and other receivables

 

 

5

 

 

 

-

 

 

 

-