XML 81 R61.htm IDEA: XBRL DOCUMENT
v3.20.2

Cash flow information (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2020
Cash Flow Information [Abstract] |
Schedule of cash flows generated |
|  | Note |  | 06.30.20 |  |  | 06.30.19 |  |  | 06.30.18 |
(Loss) / Profit for the period |  |  |  |  | 20,003 |  |  |  | (40,729 | ) |  |  | 27,420 |
Profit from discontinued operations |  |  |  |  | (18,085 | ) |  |  | (7,140 | ) |  |  | (36,441 | )
Adjustments for: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income tax |  | 23 |  |  | 8,107 |  |  |  | 780 |  |  |  | (9,964 | )
Amortization and depreciation |  | 27 |  |  | 16,425 |  |  |  | 10,822 |  |  |  | 9,741 |
(Gain) / Loss from disposal of property, plant and equipment |  |  |  |  | - |  |  |  | (3 | ) |  |  | 4 |
Net (gain) / loss from fair value adjustment of investment properties |  |  |  |  | (30,992 | ) |  |  | 37,746 |  |  |  | (18,971 | )
Share-based compensation |  |  |  |  | 211 |  |  |  | 63 |  |  |  | 89 |
Net gain / (loss) from fair value adjustment of financial assets |  |  |  |  | 1,026 |  |  |  | (419 | ) |  |  | (1,199 | )
Loss from disposal of property, plant and equipment |  |  |  |  | - |  |  |  | (3 | ) |  |  | - |
Loss from disposal of intangible assets |  |  |  |  | - |  |  |  | (13 | ) |  |  | - |
Disposal of intangible assets by TGLT agreement |  |  |  |  | - |  |  |  | - |  |  |  | (3 | )
Gain / (Loss) from disposal of subsidiary and associates |  |  |  |  | 247 |  |  |  | (983 | ) |  |  | (860 | )
Loss from disposal of trading properties |  |  |  |  | - |  |  |  | (639 | ) |  |  | - |
Impairment of other assets |  |  |  |  | 2,470 |  |  |  | 317 |  |  |  | - |
Financial results, net |  |  |  |  | 41,973 |  |  |  | 13,239 |  |  |  | 37,705 |
Provisions and allowances |  |  |  |  | 1,271 |  |  |  | 1,491 |  |  |  | 2,365 |
Share of loss / (profit) of associates and joint ventures |  |  |  |  | (8,662 | ) |  |  | 7,328 |  |  |  | 3,452 |
Loss from revaluation of receivables arising from the sale of farmland |  |  |  |  | - |  |  |  | - |  |  |  | (200 | )
(Gain) / Loss from repurchase of Non-convertible Notes |  |  |  |  | 1 |  |  |  | - |  |  |  | 3 |
Changes in net realizable value of agricultural products after harvest |  |  |  |  | (657 | ) |  |  | 43 |  |  |  | (745 | )
Unrealized initial recognition and changes in fair value of biological assets and agricultural products at the point of harvest |  |  |  |  | (3,333 | ) |  |  | (2,294 | ) |  |  | (1,869 | )
Unrealized gain from derivative financial instruments |  |  |  |  | 36 |  |  |  | 293 |  |  |  | 267 |
Other operating results |  |  |  |  | 262 |  |  |  | 157 |  |  |  | - |
Gain from disposal of farmlands |  |  |  |  | (838 | ) |  |  | (665 | ) |  |  | (1,656 | )
Impairment of associates and joint ventures |  |  |  |  | - |  |  |  | 184 |  |  |  | - |
Result from the revaluation of the participation held before the business combination |  |  |  |  | (3,501 | ) |  |  | - |  |  |  | (93 | )
Granting Plan of actions |  |  |  |  | - |  |  |  | - |  |  |  | 3 |
Changes in operating assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Decrease in inventories |  |  |  |  | 722 |  |  |  | (730 | ) |  |  | (1,025 | )
Decrease in trading properties |  |  |  |  | 930 |  |  |  | 1,392 |  |  |  | 1,265 |
Increase in restricted assets |  |  |  |  | (1,165 | ) |  |  | (203 | ) |  |  | - |
Increase in right-of-use assets |  |  |  |  | (1,053 | ) |  |  | - |  |  |  | - |
Increase in lease liabilities |  |  |  |  | 59 |  |  |  | - |  |  |  | - |
Decrease / (increase) in trade and other receivables |  |  |  |  | 10,826 |  |  |  | 2,473 |  |  |  | 82 |
Decrease in trade and other payables |  |  |  |  | (6,161 | ) |  |  | (3,562 | ) |  |  | 1,212 |
Decrease in salaries and social security liabilities |  |  |  |  | (280 | ) |  |  | (16 | ) |  |  | 296 |
Decrease in provisions |  |  |  |  | (1,603 | ) |  |  | (427 | ) |  |  | (525 | )
Decrease in biological assets |  |  |  |  | 5,188 |  |  |  | 1,263 |  |  |  | 1,572 |
Net variation in derivative financial instruments |  |  |  |  | 109 |  |  |  | 157 |  |  |  | (209 | )
Net cash generated by continuing operating activities before income tax paid |  |  |  |  | 33,536 |  |  |  | 19,922 |  |  |  | 11,716 |
Net cash generated by discontinued operating activities before income tax paid |  |  |  |  | 2,848 |  |  |  | 6,354 |  |  |  | 14,120 |
Net cash generated by operating activities before income tax paid |  |  |  |  | 36,384 |  |  |  | 26,276 |  |  |  | 25,836
Schedule of deconsolidation or reclassification of assets and liabilities |
|  | 06.30.20 |  |  | 06.30.19 |
Investment properties |  |  | 155,602 |  |  |  | (9,743 | )
Property, plant and equipment |  |  | (7,776 | ) |  |  | (62,036 | )
Trading properties |  |  | 155 |  |  |  | - |
Intangible assets |  |  | 3,232 |  |  |  | (13,759 | )
Investments in associates and joint ventures |  |  | 2,517 |  |  |  | (812 | )
Biological assets |  |  | (74 | ) |  |  | - |
Deferred income tax |  |  | 1 |  |  |  | (269 | )
Trade and other receivables |  |  | (8,668 | ) |  |  | (26,404 | )
Right-of-use assets |  |  | (3,977 | ) |  |  | - |
Investment in financial assets |  |  | 13,544 |  |  |  | (6,329 | )
Derivative financial instruments |  |  | (37 | ) |  |  | (51 | )
Inventories |  |  | (2,170 | ) |  |  | (13,110 | )
Restricted assets |  |  | 214 |  |  |  | (203 | )
Trade and other payables |  |  | 2,218 |  |  |  | 50,898 |
Lease liabilities |  |  | 2,077 |  |  |  | - |
Salaries and social security liabilities |  |  | 70 |  |  |  | 5,312 |
Borrowings |  |  | (87,016 | ) |  |  | 46,804 |
Provisions |  |  | 46 |  |  |  | 960 |
Income tax and MPIT liabilities |  |  | (99 | ) |  |  | 16 |
Deferred income tax liabilities |  |  | (19,882 | ) |  |  | 6,217 |
Employee benefits |  |  | 107 |  |  |  | 2,790 |
Net amount of non-cash assets incorporated / held for sale |  |  | 50,084 |  |  |  | (19,719 | )
Cash and cash equivalents |  |  | (4,393 | ) |  |  | (12,350 | )
Non-controlling interest |  |  | 50,745 |  |  |  | 16,296 |
Goodwill |  |  | 347 |  |  |  | 164 |
Net amount of assets incorporated / held for sale |  |  | 96,783 |  |  |  | (15,609 | )
Interest held before acquisition |  |  | - |  |  |  | (1,049 | )
Seller financing |  |  | - |  |  |  | (84 | )
Foreign exchange losses |  |  | - |  |  |  | 602 |
Fair value of interest held before business combination |  |  | - |  |  |  | (1,259 | )
Net (outflow) inflow of cash and cash equivalents / assets and liabilities held for sale |  |  | 96,783 |  |  |  | (17,399 | )
Schedule of detail of significant non-cash transactions |
|  | 06.30.20 |  |  | 06.30.19 |  |  | 06.30.18 |
Dividends not collected |  |  | (401 | ) |  |  | (300 | ) |  |  | (252 | )
Increase in investment properties through an increase in borrowings |  |  | - |  |  |  | 234 |  |  |  | - |
Decrease in trade and other receivables through an increase in investments in subsidiaries, associates and joint ventures |  |  | - |  |  |  | 3,354 |  |  |  | - |
Decrease in participation in subsidiaries, associates and joint ventures due to transient conversion differences |  |  | (1,565 | ) |  |  | 928 |  |  |  | (4,185 | )
Increase in trade and other receivables through an increase in investments in associates and joint ventures |  |  | - |  |  |  | - |  |  |  | 16 |
Increase in property, plant and equipment through a decrease in investment property |  |  | - |  |  |  | 20 |  |  |  | - |
Increase in property, plant and equipment through an increase in trade and other payables |  |  | 739 |  |  |  | 853 |  |  |  | 1,921 |
Decrease in trade and other receivable through an increase in investments in associates and joint venture |  |  | - |  |  |  | - |  |  |  | 447 |
Registration of investment properties through a reduction of credits for sale and other credits |  |  | - |  |  |  | 574 |  |  |  | 77 |
Increase in properties for sale through an increase in borrowings |  |  | 12 |  |  |  | 17 |  |  |  | - |
Increase in properties for sale through a decrease in investment properties |  |  | - |  |  |  | 97 |  |  |  | 23 |
Purchase of non-controlling interest through reduction of credits for sale and other credits |  |  | 711 |  |  |  | 1,048 |  |  |  | - |
Decrease in associates and joint ventures through an increase in trade and other receivable |  |  | - |  |  |  | 1,198 |  |  |  | - |
Changes in non-controlling interest through a decrease in trade and other receivables |  |  | - |  |  |  | - |  |  |  | 3,069 |
Distribution of dividends to non-controlling shareholders pending payment |  |  | 1,761 |  |  |  | (340 | ) |  |  | 3,400 |
Increase in property, plant and equipment through a business combination |  |  | - |  |  |  | - |  |  |  | (2,004 | )
Increase in property, plant and equipment through increased borrowings |  |  | - |  |  |  | 6 |  |  |  | 20 |
Increase in non-current trade and other receivables through an increase in current and non-current borrowings |  |  | - |  |  |  | - |  |  |  | 243 |
Decrease in investments in associates and joint ventures through dividends pending collection |  |  | - |  |  |  | - |  |  |  | 24 |
Increase of trading properties through an interest capitalization |  |  | - |  |  |  | - |  |  |  | 24 |
Increase of investment properties through an interest capitalization |  |  | - |  |  |  | - |  |  |  | 40 |
Decrease in associates and joint ventures through an increase in assets held for sale |  |  | 2,071 |  |  |  | - |  |  |  | 97 |
Increase in investments in associates and joint ventures through a decrease in investments in financial assets |  |  | - |  |  |  | - |  |  |  | 9 |
Dividend payment through increased business debt |  |  | - |  |  |  | - |  |  |  | 17 |
Transfers of property, plant and equipment to investment properties |  |  | - |  |  |  | - |  |  |  | (1,269 | )
Grants Action Plan |  |  | - |  |  |  | - |  |  |  | 3 |
Increase in Investment Properties through an increase in Other reserves due to the difference between cost and fair value. |  |  | - |  |  |  | - |  |  |  | 47 |
Increase in financial operations through a decrease in investments in associates and joint ventures |  |  | - |  |  |  | - |  |  |  | 144 |
Increase in trading properties through an increase in trade and other payables |  |  | - |  |  |  | - |  |  |  | 137 |
Increase in trading properties through a decrease in credits |  |  | - |  |  |  | - |  |  |  | 69 |
Increase in investment properties through a decrease in trading properties |  |  | - |  |  |  | - |  |  |  | 785 |
Increase in participation in subsidiaries, associates and joint ventures due to an increase in the reserve share-based payments |  |  | (4 | ) |  |  | - |  |  |  | - |
Decrease in loans through a decrease in financial assets |  |  | 2,454 |  |  |  | - |  |  |  | - |
Increase in investment properties through a decrease in financial assets |  |  | 278 |  |  |  | - |  |  |  | - |
Increase in intangible assets through an increase in trade and other payabels |  |  | 494 |  |  |  | - |  |  |  | - |
Increase in investment in associates through loss of control in subsidiaries |  |  | 1,335 |  |  |  | - |  |  |  | - |
Distribution of dividends on shares |  |  | 589 |  |  |  | - |  |  |  | - |
Acquisition of investment properties through a decrease in trade and other receivables |  |  | 28 |  |  |  | - |  |  |  | - |
Issuance of Negotiable Obligations |  |  | 21 |  |  |  | - |  |  |  | - |
Increase in investment properties through an increase in borrowings |  |  | 81 |  |  |  | - |  |  |  | - |
Increase of use-rights through a decrease in property, plant and equipment |  |  | - |  |  |  | - |  |  |  | - |
Increase in investments in financial assets through a decrease in investments in associates and joint ventures |  |  | - |  |  |  | - |  |  |  | - |
Increase in investment in associates through a decrease in investments in financial assets |  |  | 854 |  |  |  | - |  |  |  | - |
Increase in investments in financial assets through a decrease in investment properties |  |  | 1,188 |  |  |  | - |  |  |  | - |
Dividends pending collection from associates and joint ventures |  |  | - |  |  |  | - |  |  |  | - |
Increase in investments in financial assets through a decrease in investment properties |  |  | - |  |  |  | - |  |  |  | - |
Increase in rights of use through an increase in lease liabilities - Adjustment of opening balances (IFRS 16) |  |  | 14,124 |  |  |  | - |  |  |  | - |
Increase in rights of use through an increase in lease liabilities |  |  | 8,091 |  |  |  | - |  |  |  | - |

X
- References No definition available. + Details
Name: | cres_CashFlowInformationAbstract
Namespace Prefix: | cres_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of represents detailed description of cash flows generated + References No definition available. + Details
Name: | cres_DisclosureOfCashFlowsGeneratedExplanatory
Namespace Prefix: | cres_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of information represents deconsolidation or reclassification of assets and liabilities of entity. + References No definition available. + Details
Name: | cres_DisclosureOfDeconsolidationOrReclassificationOfAssetsAndLiabilities
Namespace Prefix: | cres_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of represents significant non-cash transactions. + References No definition available. + Details
Name: | cres_DisclosureOfSignificantNonCashTransactionsExplanatory
Namespace Prefix: | cres_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration