XML 43 R24.htm IDEA: XBRL DOCUMENT v3.22.2.2
Provisions
 12 Months Ended
Jun. 30, 2022
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

 

 

Investments in associates and joint ventures (ii)

 

 

Site dismantling and remediation

 

 

Other provisions

 

 

Total

 

As of 06.30.20

 

 

6,144

 

 

 

43

 

 

 

1,102

 

 

 

6,266

 

 

 

13,555

 

Additions (i)

 

 

151

 

 

 

-

 

 

 

46

 

 

 

(182)

 

 

15

 

Deconsolidation

 

 

(5,072)

 

 

-

 

 

 

(1,071)

 

 

(5,492)

 

 

(11,635)

Recovery (i)

 

 

(54)

 

 

(31)

 

 

-

 

 

 

-

 

 

 

(85)

Used during the year

 

 

(166)

 

 

-

 

 

 

-

 

 

 

(46)

 

 

(212)

Inflation adjustment

 

 

(187)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(187)

Currency translation adjustment

 

 

(400)

 

 

-

 

 

 

(77)

 

 

(546)

 

 

(1,023)

As of 06.30.21

 

 

416

 

 

 

12

 

 

 

-

 

 

 

-

 

 

 

428

 

Additions (i)

 

 

341

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

341

 

Share of loss of associates

 

 

-

 

 

 

(4)

 

 

-

 

 

 

-

 

 

 

(4)

Recovery (i)

 

 

(79)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(79)

Used during the year

 

 

(97)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(97)

Inflation adjustment

 

 

(195)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(195)

As of 06.30.22

 

 

386

 

 

 

8

 

 

 

-

 

 

 

-

 

 

 

394

 

 

 

 

June 30, 2022

 

 

June 30, 2021

 

Non-Current

 

 

196

 

 

 

187

 

Current

 

 

198

 

 

 

241

 

Total

 

 

394

 

 

 

428

 

 

(i)

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

(ii)

Corresponds to the equity interest in Puerto Retiro in 2022 and 2021. Additions and recoveries are included in "Share of profit / (loss) of associates and joint ventures".