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Trade and other receivables

12 Months Ended

Jun. 30, 2023

15. Trade and other receivables

Group’s trade and other receivables as of June 30, 2023 and 2022 were as follows:

	06.30.2023			06.30.2022
Sale, leases and services receivables		14,919			17,273
Less: Allowance for doubtful accounts		(1,194	)		(1,840	)
Total trade receivables		13,725			15,433
Borrowings, deposits and others		9,364			9,358
Advances to suppliers		2,329			1,977
Tax receivables		1,480			2,016
Prepaid expenses		609			730
Long-term incentive plan		1			1
Dividends		-			440
Others		2,804			2,742
Total other receivables		16,587			17,264
Total trade and other receivables		30,312			32,697
Non-current		4,437			9,348
Current		25,875			23,349
Total		30,312			32,697

Book amounts of Group's trade and other receivables in foreign currencies are detailed in Note 32.

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 Statement 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:

	06.30.2023			06.30.2022
Beginning of the year		1,840			3,007
Additions (i)		210			539
Recovery (i)		(121	)		(607	)
Currency translation adjustment		371			158
Receivables written off during the year as uncollectible		-			(26	)
Inflation adjustment		(1,106	)		(1,231	)
End of the year		1,194			1,840

(i) The creation and release of the provision for impaired receivables have been included in “Selling expenses” in the Consolidated Statement 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, 2023 and 2022 (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		455		123		1,031		11,901		1,194		14,704		98.56	%
Consumer financing		-		-		-		41		-		41		0.27	%
Sale of properties and developments		-		-		173		1		-		174		1.17	%
Total as of June 30, 2023		455		123		1,204		11,943		1,194		14,919		100.00	%

Leases and services		843		513		1,399		12,086		1,840		16,681		96.57	%
Consumer financing		-		-		-		189		-		189		1.09	%
Sale of properties and developments		86		-		43		274		-		403		2.32	%
Total as of June 30, 2022		929		513		1,442		12,549		1,840		17,273		99.98	%