XML 85 R65.htm IDEA: XBRL DOCUMENT
v3.20.2

Income tax (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2020
Income Tax [Abstract] |
Schedule of income tax |
|  | 06.30.20 |  |  | 06.30.19 |  |  | 06.30.18 |
Current income tax |  |  | (721 | ) |  |  | (1,938 | ) |  |  | (48 | )
Deferred income tax |  |  | (7,252 | ) |  |  | 1,079 |  |  |  | 10,229 |
MPIT |  |  | (134 | ) |  |  | 79 |  |  |  | (217 | )
Income tax |  |  | (8,107 | ) |  |  | (780 | ) |  |  | 9,964 |
Schedule of statutory tax rate |
Tax jurisdiction |  | Income tax rate |
Argentina |  |  | 25% - 35% |
Brazil |  |  | 25% - 34% |
Uruguay |  |  | 0% - 25% |
Bolivia |  |  | 25% |
U.S. |  |  | 0% - 40% |
Bermudas |  |  | 0% |
Israel |  |  | 23% - 24% |
Schedule of income/loss before income tax |
|  | 06.30.20 |  |  | 06.30.19 |  |  | 06.30.18 |
Tax calculated at the tax rates applicable to profits in the respective countries |  |  | (5,116 | ) |  |  | 11,154 |  |  |  | 4,265 |
Permanent differences: |  |  |  |  |  |  |  |  |  |  |  |
Tax inflation adjustment |  |  | (4,106 | ) |  |  | (5,826 | ) |  |  | - |
Share of profit / (loss) of associates and joint ventures |  |  | 1,724 |  |  |  | (1,104 | ) |  |  | (575 | )
Unrecognized tax loss carry-forwards (i) |  |  | (3,094 | ) |  |  | (4,255 | ) |  |  | (4,016 | )
Expiration of tax loss carry-forwards |  |  | 13 |  |  |  | - |  |  |  | (164 | )
Provision for unrecoverability of tax loss carry-forwards |  |  | (1,997 | ) |  |  | (3,184 | ) |  |  | (1,945 | )
Changes in fair value of financial instruments and sale of shares (ii) |  |  | (1,684 | ) |  |  | 74 |  |  |  | (720 | )
Change of tax rate |  |  | 2,858 |  |  |  | 400 |  |  |  | 11,767 |
Non-taxable profit |  |  | 150 |  |  |  | - |  |  |  | - |
Non-deductible expenses |  |  | (12 | ) |  |  | (26 | ) |  |  | (16 | )
Others |  |  | (638 | ) |  |  | 1,071 |  |  |  | 1,361 |
Inflation adjustment permanent difference |  |  | 3,795 |  |  |  | 916 |  |  |  | 7 |
Income tax from continuing operations |  |  | (8,107 | ) |  |  | (780 | ) |  |  | 9,964 |
| (i) | Corresponds mainly to holding companies in the Operations Center in Israel.
Schedule of deferred tax assets and liabilities |
|  | 06.30.20 |  |  | 06.30.19 |
Deferred income tax assets to be recovered after more than 12 months |  |  | 15,748 |  |  |  | 12,806 |
Deferred income tax assets to be recovered within 12 months |  |  | 1,207 |  |  |  | 2,425 |
Deferred income tax assets |  |  | 16,955 |  |  |  | 15,231 |
|  |  | 06.30.20 |  |  |  | 06.30.19 |
Deferred income tax liabilities to be recovered after more than 12 months |  |  | (62,318 | ) |  |  | (51,537 | )
Deferred income tax liabilities to be recovered within 12 months |  |  | (3,179 | ) |  |  | (20,114 | )
Deferred income tax liabilities |  |  | (65,497 | ) |  |  | (71,651 | )
Total deferred income tax (liabilities) assets, net |  |  | (48,542 | ) |  |  | (56,420 | )
Schedule of deferred income tax |
|  | At the beginning |  |  | Business combinations and reclassification to other assets held for sale (i) |  |  | Foreign exchange gain |  |  | Charged to the Statement of Income (ii) |  |  | Reserve for changes of non- controlling interest |  |  | Deconsolidation (see Note 4 (l)) |  |  | Use of tax loss carry- forwards |  |  | At the end |
June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade and other payables |  |  | 5,766 |  |  |  | (1 | ) |  |  | 863 |  |  |  | (834 | ) |  |  | - |  |  |  | - |  |  |  | (431 | ) |  |  | 5,363 |
Tax loss carry-forwards |  |  | 7,904 |  |  |  | - |  |  |  | 803 |  |  |  | 908 |  |  |  | - |  |  |  | - |  |  |  | (83 | ) |  |  | 9,532 |
Others |  |  | 1,561 |  |  |  | (3 | ) |  |  | 149 |  |  |  | 276 |  |  |  | 77 |  |  |  | - |  |  |  | - |  |  |  | 2,060 |
Subtotal assets |  |  | 15,231 |  |  |  | (4 | ) |  |  | 1,815 |  |  |  | 350 |  |  |  | 77 |  |  |  | - |  |  |  | (514 | ) |  |  | 16,955 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment properties and property, plant and equipment |  |  | (61,085 | ) |  |  | (558 | ) |  |  | 1,301 |  |  |  | (8,904 | ) |  |  | - |  |  |  | 204 |  |  |  | 14,973 |  |  |  | (54,069 | )
Biological assets |  |  | (514 | ) |  |  | - |  |  |  | 73 |  |  |  | (192 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (633 | )
Trade and other receivables |  |  | (889 | ) |  |  | - |  |  |  | - |  |  |  | (33 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (922 | )
Investments |  |  | (73 | ) |  |  | - |  |  |  | (80 | ) |  |  | 59 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (94 | )
Intangible assets |  |  | (2,266 | ) |  |  | - |  |  |  | (510 | ) |  |  | 383 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (2,393 | )
Tax inflation adjustment |  |  | (4,385 | ) |  |  | (33 | ) |  |  | - |  |  |  | (1,856 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (6,274 | )
Borrowings |  |  | (1,058 | ) |  |  | - |  |  |  | (282 | ) |  |  | 386 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (954 | )
Inventories |  |  | (728 | ) |  |  | (3 | ) |  |  | 134 |  |  |  | (49 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (646 | )
Others |  |  | (653 | ) |  |  | (593 | ) |  |  | (543 | ) |  |  | 2,459 |  |  |  | - |  |  |  | - |  |  |  | (182 | ) |  |  | 488 |
Subtotal liabilities |  |  | (71,651 | ) |  |  | (1,187 | ) |  |  | 93 |  |  |  | (7,747 | ) |  |  | - |  |  |  | 204 |  |  |  | 14,791 |  |  |  | (65,497 | )
(Liabilities) / Assets, net |  |  | (56,420 | ) |  |  | (1,191 | ) |  |  | 1,908 |  |  |  | (7,397 | ) |  |  | 77 |  |  |  | 204 |  |  |  | 14,277 |  |  |  | (48,542 | )
|  | At the beginning |  |  | Business combinations and reclassification to other assets held for sale (i) |  |  | Foreign exchange gain |  |  | Charged to the Statement of Income |  |  | Reclassification of opening amounts |  |  | Use of tax loss carry- forwards |  |  | At the end |
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade and other payables |  |  | 4,661 |  |  |  | - |  |  |  | 193 |  |  |  | 912 |  |  |  | - |  |  |  | - |  |  |  | 5,766 |
Tax loss carry-forwards |  |  | 13,022 |  |  |  | - |  |  |  | (309 | ) |  |  | (4,809 | ) |  |  | - |  |  |  | - |  |  |  | 7,904 |
Others |  |  | 2,029 |  |  |  | - |  |  |  | (68 | ) |  |  | (687 | ) |  |  | 287 |  |  |  | - |  |  |  | 1,561 |
Subtotal assets |  |  | 19,712 |  |  |  | - |  |  |  | (184 | ) |  |  | (4,584 | ) |  |  | 287 |  |  |  | - |  |  |  | 15,231 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment properties and property, plant and equipment |  |  | (69,039 | ) |  |  | - |  |  |  | 1,059 |  |  |  | 7,839 |  |  |  | 64 |  |  |  | (1,008 | ) |  |  | (61,085 | )
Biological assets |  |  | (359 | ) |  |  | - |  |  |  | 1 |  |  |  | (156 | ) |  |  | - |  |  |  | - |  |  |  | (514 | )
Trade and other receivables |  |  | (536 | ) |  |  | - |  |  |  | 3 |  |  |  | (356 | ) |  |  | - |  |  |  | - |  |  |  | (889 | )
Investments |  |  | (30 | ) |  |  | - |  |  |  | (13 | ) |  |  | (30 | ) |  |  | - |  |  |  | - |  |  |  | (73 | )
Intangible assets |  |  | (2,985 | ) |  |  | - |  |  |  | 262 |  |  |  | 457 |  |  |  | - |  |  |  | - |  |  |  | (2,266 | )
Tax inflation adjustment |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (4,385 | ) |  |  | - |  |  |  | - |  |  |  | (4,385 | )
Borrowings |  |  | (1,286 | ) |  |  | - |  |  |  | 93 |  |  |  | 135 |  |  |  | - |  |  |  | - |  |  |  | (1,058 | )
Inventories |  |  | (202 | ) |  |  | - |  |  |  | 30 |  |  |  | (556 | ) |  |  | - |  |  |  | - |  |  |  | (728 | )
Others |  |  | (2,628 | ) |  |  | - |  |  |  | 626 |  |  |  | 1,349 |  |  |  | - |  |  |  | - |  |  |  | (653 | )
Subtotal liabilities |  |  | (77,065 | ) |  |  | - |  |  |  | 2,061 |  |  |  | 4,297 |  |  |  | 64 |  |  |  | (1,008 | ) |  |  | (71,651 | )
(Liabilities) / Assets, net |  |  | (57,353 | ) |  |  | - |  |  |  | 1,877 |  |  |  | (287 | ) |  |  | 351 |  |  |  | (1,008 | ) |  |  | (56,420 | )
Schedule of loss carry forward |
Jurisdiction |  | 06.30.20 |  |  | Date of generation |  |  | Due date |
Argentina |  |  | 3 |  |  |  | 2016 |  |  |  | 2021 |
Argentina |  |  | 11 |  |  |  | 2017 |  |  |  | 2022 |
Argentina |  |  | 2,785 |  |  |  | 2018 |  |  |  | 2023 |
Argentina |  |  | 1,186 |  |  |  | 2019 |  |  |  | 2024 |
Argentina |  |  | 4,809 |  |  |  | 2020 |  |  |  | 2025 |
Bolivia |  |  | 1 |  |  |  | 2011-2020 |  |  |  | Do not expire |
Do not expire |  |  | 3,784 |  |  |  |  |  |  |  |  |
Total cumulative tax loss carry-forwards |  |  | 12,579 |  |  |  |  |  |  |  |  |

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

X
- Definition Represents the information of disclosure of deferred income tax. + References No definition available. + Details
Name: | cres_ScheduleOfDeferredIncomeTax
Namespace Prefix: | cres_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the information of disclosure of deferred tax assets and liabilities. + References No definition available. + Details
Name: | cres_ScheduleOfDeferredTaxAssetsAndLiabilities
Namespace Prefix: | cres_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the information of disclosure of income tax. + References No definition available. + Details
Name: | cres_ScheduleOfIncomeTax
Namespace Prefix: | cres_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the information of disclosure of income/loss before income tax. + References No definition available. + Details
Name: | cres_ScheduleOfIncomelossBeforeIncomeTax
Namespace Prefix: | cres_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the information of disclosure of loss carry forward. + References No definition available. + Details
Name: | cres_ScheduleOfLossCarryForward
Namespace Prefix: | cres_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the information of statutory tax rate. + References No definition available. + Details
Name: | cres_ScheduleOfStatutoryTaxRate
Namespace Prefix: | cres_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration