XML 74 R51.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Taxation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Income Taxes [Abstract] |
Disclosure of major components of tax expense (income) | The details of the provision for the Group’s consolidated income tax are as follows:
| 2017 |  | 2016 |  | 2015
Current income tax | (13,425 | ) |  | (21,505 | ) |  | (2,163 | )
Deferred income tax | 19,493 |  |  | 12,118 |  |  | 10,117 |
Income tax benefit / (expense) | 6,068 |  |  | (9,387 | ) |  | 7,954 |
Disclosure of applicable tax rate by tax jurisdiction | The statutory tax rate in the countries where the Group operates for all of the years presented are:
Tax Jurisdiction |  | Income Tax Rate
Argentina(i) |  | 35 | %
Brazil |  | 34 | %
Uruguay |  | 25 | %
Spain |  | 25 | %
Luxembourg |  | 26 | %
(i) During 2017, the Argentine Government introduced changes in the income tax. The income tax rate will be reduced to 30% for the years 2018 and 2019, and to 25% from 2020 onwards. A new tax on dividends is created with a rate of 7% for the years 2018 and 2019, and 13% from 2020 onwards.
Disclosure of temporary difference, unused tax losses and unused tax credits | Deferred tax assets and liabilities of the Group as of December 31, 2017 and 2016, without taking into consideration the offsetting of balances within the same tax jurisdiction, will be recovered or settled as follows:
| 2017 |  | 2016
Deferred income tax asset to be recovered after more than 12 months | 109,830 |  |  | 96,822 |
Deferred income tax asset to be recovered within 12 months | 20,191 |  |  | 17,504 |
Deferred income tax assets | 130,021 |  |  | 114,326 |
Deferred income tax liability to be settled after more than 12 months | (90,951 | ) |  | (86,573 | )
Deferred income tax liability to be settled within 12 months | (6,090 | ) |  | (3,856 | )
Deferred income tax liability | (97,041 | ) |  | (90,429 | )
Deferred income tax assets, net | 32,980 |  |  | 23,897 |
The movement in the deferred income tax assets and liabilities during the year, without taking into consideration the offsetting of balances within the same tax jurisdiction, is as follows:
Deferred income tax liabilities |  | Property, plant and equipment |  | Biological assets |  | Others |  | Total
At January 1, 2016 |  | 55,964 |  |  | 15,963 |  |  | — |  |  | 71,927 |
Charged / (credited) to the statement of income |  | 3,380 |  |  | (2,752 | ) |  | 16,787 |  |  | 17,415 |
Exchange differences |  | (512 | ) |  | 911 |  |  | 688 |  |  | 1,087 |
At December 31, 2016 |  | 58,832 |  |  | 14,122 |  |  | 17,475 |  |  | 90,429 |
Charged / (credited) to the statement of income |  | 23,249 |  |  | 3,707 |  |  | (15,583 | ) |  | 11,373 |
Exchange differences |  | (4,437 | ) |  | (1,057 | ) |  | 733 |  |  | (4,761 | )
At December 31, 2017 |  | 77,644 |  |  | 16,772 |  |  | 2,625 |  |  | 97,041 |
Deferred income tax assets |  | Provisions |  | Tax loss carry forwards |  | Equity-settled share-based compensation |  | Biological assets |  | Others |  | Total
At January 1, 2016 |  | 1,789 |  |  | 107,191 |  |  | 5,620 |  |  | 1,727 |  |  | 8,708 |  |  | 125,035 |
Charged/(credited) to the statement of income |  | 353 |  |  | 31,074 |  |  | 20 |  |  | (2,063 | ) |  | 149 |  |  | 29,533 |
Tax charge relating to cash flow hedge |  | — |  |  | (52,282 | ) |  | — |  |  | — |  |  | — |  |  | (52,282 | )
Exchange differences |  | 289 |  |  | 11,135 |  |  |  |  | 336 |  |  | 280 |  |  | 12,040 |
At December 31, 2016 |  | 2,431 |  |  | 97,118 |  |  | 5,640 |  |  | — |  |  | 9,137 |  |  | 114,326 |
(Credited) / charged to the statement of income |  | (705 | ) |  | 11,907 |  |  | 41 |  |  | — |  |  | 19,623 |  |  | 30,866 |
Tax charge relating to cash flow hedge |  | — |  |  | (8,715 | ) |  | — |  |  | — |  |  | — |  |  | (8,715 | )
Exchange differences |  | 757 |  |  | (4,193 | ) |  | — |  |  | — |  |  | (3,020 | ) |  | (6,456 | )
At December 31, 2017 |  | 2,483 |  |  | 96,117 |  |  | 5,681 |  |  | — |  |  | 25,740 |  |  | 130,021 |
The gross movement on the deferred income tax account is as follows:
| 2017 |  | 2016
Beginning of year | 23,897 |  |  | 53,108 |
Exchange differences | (1,695 | ) |  | 10,953 |
Tax (charge) relating to cash flow hedge (i) | (8,715 | ) |  | (52,282 | )
Income tax benefit | 19,493 |  |  | 12,118 |
End of year | 32,980 |  |  | 23,897 |
(i) Relates to the gain or loss before income tax of cash flow hedge recognized in other comprehensive income amounting to US$ (565) for the year ended December 31, 2017 (2016: US$ (67,683)); net of the reclassification from Equity to Income Statements of US$ (20,758) for the year ended December 31, 2017 (2016: US$ (85,214))
Disclosure of tax loss carryforwards | As of December 31, 2017, the Group’s tax loss carry forwards and their corresponding jurisdictions are as follows:
Jurisdiction |  | Tax loss carry forward |  | Expiration period
Argentina |  | 80,988 |  |  | 5 years
Brazil |  | 195,894 |  |  | No expiration date.
Uruguay |  | 3,394 |  |  | 5 years
Luxembourg |  | 29,212 |  |  | No expiration date.
Disclosure of reconciliation of accounting profit multiplied by applicable tax rate and average effective tax rate | The tax on the Group’s profit before income tax differs from the theoretical amount that would arise using the weighted average tax rate applicable to profits of the consolidated entities as follows:
| 2017 |  | 2016 |  | 2015
Tax calculated at the tax rates applicable to profits in the respective countries | (1,937 | ) |  | (3,644 | ) |  | 3,842 |
Non-deductible items | (1,406 | ) |  | (3,304 | ) |  | (133 | )
Non-deductible items – changes in estimates on previous year | — |  |  | (1,182 | ) |  | — |
Effect of the changes in the statutory income tax rate in Argentina | 1,781 |  |  | — |  |  | — |
Unused tax losses | (2,265 | ) |  | — |  |  | — |
Tax losses where no deferred tax asset was recognized | (29 | ) |  | (569 | ) |  | (317 | )
Non-taxable income | 2,437 |  |  | — |  |  | 4,625 |
Previously unrecognised tax losses now recouped to reduce tax expenses | 7,595 |  |  | — |  |  | — |
Others | (108 | ) |  | (688 | ) |  | (63 | )
Income tax benefit / (expense) | 6,068 |  |  | (9,387 | ) |  | 7,954 |

X
- Definition Disclosure Of Applicable Tax Rate By Tax Jurisdiction [Table Text Block] + References No definition available. + Details
Name: | agro_DisclosureOfApplicableTaxRateByTaxJurisdictionTableTextBlock
Namespace Prefix: | agro_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Major Components Of Tax Expense (Income) [Table Text Block] + References No definition available. + Details
Name: | agro_DisclosureOfMajorComponentsOfTaxExpenseIncomeTableTextBlock
Namespace Prefix: | agro_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Operating Loss Carryforwards [Table Text Block] + References No definition available. + Details
Name: | agro_DisclosureOfOperatingLossCarryforwardsTableTextBlock
Namespace Prefix: | agro_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Reconciliation Of Accounting Profit Multiplied By Applicable Tax Rates And Average Effective Tax Rate [Table Text Block] + References No definition available. + Details
Name: | agro_DisclosureOfReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAndAverageEffectiveTaxRateTableTextBlock
Namespace Prefix: | agro_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Income Taxes [Abstract] + References No definition available. + Details
Name: | agro_IncomeTaxesAbstract
Namespace Prefix: | agro_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of types of temporary differences, unused tax losses and unused tax credits. [Refer: Unused tax credits [member]; Unused tax losses [member]; Temporary differences [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2017-01-01 -Paragraph 81 -Subparagraph g -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=12&date=2017-03-01&anchor=para_81_g&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration