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Investments in associates and joint ventures (Tables) | 12 Months Ended
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Jun. 30, 2020
Investments In Associates and Joint Ventures [Abstract] |
Schedule of investments in joint ventures |
|  | 06.30.20 |  | 06.30.19
Beginning of the year |  |  | 36,212 |  |  |  | 52,739 |
Adjustment of previous years (IFRS 9 and IAS 28) |  |  | (1,979 | ) |  |  | - |
Share-holding increase in associates and joint ventures |  |  | 2,774 |  |  |  | 697 |
Capital contribution |  |  | 2,852 |  |  |  | 163 |
Share of profit / (loss) |  |  | 8,812 |  |  |  | (7,328 | )
Decrease for control obtainment (Note 4) |  |  | - |  |  |  | (153 | )
Currency translation adjustment |  |  | 9 |  |  |  | (429 | )
Cash dividends (i) |  |  | (1,846 | ) |  |  | (1,734 | )
Sale of associates |  |  | - |  |  |  | (7,178 | )
Capital reduction |  |  | (106 | ) |  |  | (672 | )
Other comprehensive loss |  |  | (1,244 | ) |  |  | - |
Deconsolidation (ii) |  |  | 29,176 |  |  |  | - |
Reclassification to held-for-sale |  |  | (2,070 | ) |  |  | - |
Incorporation by business combination |  |  | 2,517 |  |  |  | 212 |
Others |  |  | 4 |  |  |  | (105 | )
End of the year (iii) |  |  | 75,111 |  |  |  | 36,212 |
| (i) | See Note 32.
| (ii) | Includes Ps. (17) and Ps. (8,658) reflecting interests in companies with negative equity as of June 30, 2020 and 2019, respectively, which are disclosed in “Provisions” (see Note 21).
Schedule of comprehensive income |
|  | % of ownership interest held |  | Value of Group’s interest in equity |  | Group’s interest in comprehensive income
Name of the entity |  | 06.30.20 |  | 06.30.19 |  | 06.30.18 |  | 06.30.20 |  | 06.30.19 |  | 06.30.20 |  | 06.30.19 |  | 06.30.18
New Lipstick |  |  | 49.96 | % |  |  | 49.96 | % |  |  | 49.90 | % |  |  | 467 |  |  |  | (8,658 | ) |  |  | 7,633 |  |  |  | (3,199 | ) |  |  | (5,292 | )
BHSA (1) |  |  | 29.91 | % |  |  | 29.91 | % |  |  | 29.91 | % |  |  | 4,073 |  |  |  | 4,451 |  |  |  | (380 | ) |  |  | (2,411 | ) |  |  | 416 |
Condor (2) |  |  | 18.89 | % |  |  | 18.89 | % |  |  | 28.10 | % |  |  | 1,481 |  |  |  | 1,392 |  |  |  | 120 |  |  |  | 39 |  |  |  | 596 |
PBEL |  |  | 45.00 | % |  |  | 45.40 | % |  |  | 45.40 | % |  |  | - |  |  |  | 1,979 |  |  |  | - |  |  |  | (117 | ) |  |  | 416 |
Shufersal (5) |  |  | 26.02 | % |  |  | 26.02 | % |  |  | 33.56 | % |  |  | 28,111 |  |  |  | 23,013 |  |  |  | 5,215 |  |  |  | 297 |  |  |  | - |
Quality (3) |  |  | 50.00 | % |  |  | 50.00 | % |  |  | 50.00 | % |  |  | 2,101 |  |  |  | 1,869 |  |  |  | 185 |  |  |  | (583 | ) |  |  | 876 |
La Rural S.A. |  |  | 50.00 | % |  |  | 50.00 | % |  |  | 50.00 | % |  |  | 203 |  |  |  | 101 |  |  |  | 102 |  |  |  | 144 |  |  |  | (44 | )
TGLT |  |  | 30.50 | % |  |  | - |  |  |  | - |  |  |  | 2,059 |  |  |  | - |  |  |  | (116 | ) |  |  | - |  |  |  | - |
Cresca S.A. (4) |  |  | 50.00 | % |  |  | 50.00 | % |  |  | 50.00 | % |  |  | 21 |  |  |  | 20 |  |  |  | (16 | ) |  |  | 18 |  |  |  | 1 |
Mehadrin |  |  | 45.41 | % |  |  | 45.41 | % |  |  | 45.41 | % |  |  | - |  |  |  | 4,845 |  |  |  | - |  |  |  | (111 | ) |  |  | 1,276 |
Gav-Yam |  |  | 34.90 | % |  |  | - |  |  |  | - |  |  |  | 27,277 |  |  |  | - |  |  |  | (786 | ) |  |  | - |  |  |  | - |
Other associates and joint ventures |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 9,318 |  |  |  | 7,200 |  |  |  | (3,136 | ) |  |  | (1,834 | ) |  |  | 2,368 |
Total associates and joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 75,111 |  |  |  | 36,212 |  |  |  | 8,821 |  |  |  | (7,757 | ) |  |  | 613 |
|  |  |  |  |  |  |  | Last financial statement issued
Name of the entity |  | Place of business / Country of incorporation |  | Main activity |  | Common shares 1 vote |  | Share capital (nominal value) |  | Income / (loss) for the year |  | Shareholders’ equity
New Lipstick |  | United States |  | Real Estate |  |  | N/A |  |  | - |  |  | (*) 179 |  |  | (*) (31) |
BHSA (1) |  | Argentina |  | Financing |  |  | 448,689,072 |  |  | (***) 1,500 |  |  | (***) (1,272 | ) |  | (***) 13,186 |
Condor (2) |  | United States |  | Hotel |  |  | 2,245,100 |  |  | (*) 232 |  |  | (*) (9 | ) |  | (*) 86 |
PBEL |  | India |  | Real Estate |  |  | (**) 1 |  |  | (**) (2) |  |  | (**) - |  |  | (**) (2) |
Shufersal (5) |  | Israel |  | Retail |  |  | 123,917,650 |  |  | (**) 1,399 |  |  | (**) 310 |  |  | (**) 1,930 |
Mehadrin |  | Israel |  | Agriculture |  |  | N/A |  |  | N/A |  |  | N/A |  |  | N/A |
Gav-Yam |  | Israel |  | Real Estate |  |  | 639,727 |  |  | (**) 1,356 |  |  | (**) 411 |  |  | (**) 3,496 |
Quality (3) |  | Argentina |  | Real Estate |  |  | 163,039,244 |  |  | 326 |  |  | 370 |  |  | 4,140 |
La Rural S.A. |  | Argentina |  | Event organization and others |  |  | 714,498 |  |  | 1 |  |  | 224 |  |  | 327 |
TGLT |  | Argentina |  | Real Estate |  |  | 279,502,813 |  |  | 925 |  |  | (311 | ) |  | 6,004 |
N/A: Not applicable.
| (1) | BHSA is a commercial bank of comprehensive services that offers a variety of banking and financial services for individuals, small and medium business and large companies. The market price of the share is 8.45 pesos per share. The effect of the treasury shares in the BHSA portfolio is considered for the calculation.
| (2) | Condor is an investment company focused on US hotels. The price of its shares as of June 30, 2020 is US$ 4.07 per share
| (3) | Quality is dedicated to the exploitation of the San Martín property (former property of Nobleza Piccardo S.A.I.C. and F.).
| (4) | Cresca is a joint venture between the Company and Carlos Casado S.A. with agricultural operations in Paraguay.
| (5) | Shufersal is a company that has supermarkets and pharmacies in Israel, the market price of the share is NIS 22,59 as of June 30, 2019.
| (*) | Amounts presented in millions of US dollars under USGAAP. Condor’s year-end falls on December 31, so the Group estimates their interest will a three-month lag including any material adjustments, if any.
| (**) | Amounts in millions of NIS.
| (***) | Amounts as of June 30, 2020, prepared in accordance with BCRA’ regulations. For the purpose of the valuation of the investment in the Company, the adjustments necessary to adequate the Financial Statements to IFRS have been considered
Schedule of significant joint ventures |
|  | Current assets |  | Non-current assets |  | Current liabilities |  | Non-current liabilities |  | Net assets |  | % of ownership interest held |  | Interest in associates / joint ventures |  | Goodwill and others |  | Book value
|  | As of June 30, 2020
Associates |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
BHSA |  |  | 76,869 |  |  |  | 43,610 |  |  |  | 102,290 |  |  |  | 4,629 |  |  |  | 13,560 |  |  |  | 29.91 | % |  |  | 4,056 |  |  |  | 17 |  |  |  | 4,073 |
Gav-Yam |  |  | 41,963 |  |  |  | 165,878 |  |  |  | 19,791 |  |  |  | 117,752 |  |  |  | 70,298 |  |  |  | 34.90 | % |  |  | 24,534 |  |  |  | 2,743 |  |  |  | 27,277 |
Shufersal |  |  | 73,348 |  |  |  | 187,032 |  |  |  | 91,899 |  |  |  | 129,224 |  |  |  | 39,257 |  |  |  | 26.02 | % |  |  | 10,213 |  |  |  | 17,898 |  |  |  | 28,111 |
Joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Quality Invest (ii) |  |  | 4 |  |  |  | 5,525 |  |  |  | 87 |  |  |  | 1,302 |  |  |  | 4,140 |  |  |  | 50.00 | % |  |  | 2,070 |  |  |  | 31 |  |  |  | 2,101 |
|  | As of June 30, 2019
Associates |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
BHSA |  |  | 87,812 |  |  |  | 31,989 |  |  |  | 89,513 |  |  |  | 15,287 |  |  |  | 15,001 |  |  |  | 29.91 | % |  |  | 4,487 |  |  |  | 35 |  |  |  | 4,451 |
PBEL |  |  | 3,173 |  |  |  | 853 |  |  |  | 632 |  |  |  | 12,128 |  |  |  | (8,734 | ) |  |  | 45.00 | % |  |  | (3,930 | ) |  |  | 5,910 |  |  |  | 1,980 |
Shufersal |  |  | 51,741 |  |  |  | 89,475 |  |  |  | 54,708 |  |  |  | 54,794 |  |  |  | 31,714 |  |  |  | 26.02 | % |  |  | 8,253 |  |  |  | 14,761 |  |  |  | 23,014 |
Joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Quality Invest (ii) |  |  | 24 |  |  |  | 4,921 |  |  |  | 118 |  |  |  | 1,152 |  |  |  | 3,675 |  |  |  | 50.00 | % |  |  | 1,838 |  |  |  | 32 |  |  |  | 1,870 |
Mehadrin |  |  | 11,890 |  |  |  | 15,318 |  |  |  | 13,068 |  |  |  | 3,719 |  |  |  | 10,421 |  |  |  | 45.41 | % |  |  | 4,733 |  |  |  | 112 |  |  |  | 4,846 |
|  | Revenues |  | Net income / (loss) |  | Total comprehensive income / (loss) |  | Dividends distributed to non-controlling shareholders |  | Cash of operating activitie |  | Cash of investment activities |  | Cash of financial activities |  | Net increase / (decrease) in cash and cash equivalents
|  | Year ended June 30, 2020 (i)
Associates |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
BHSA |  |  | 13,033 |  |  |  | (1,272 | ) |  |  | (1,272 | ) |  |  | - |  |  |  | 4,656 |  |  |  | 37 |  |  |  | (3,465 | ) |  |  | 1,228 |
Gav-Yam |  |  | 11,551 |  |  |  | 6,765 |  |  |  | 5,456 |  |  |  | 3,587 |  |  |  | 5,086 |  |  |  | (5,723 | ) |  |  | 15,869 |  |  |  | 15,232 |
Shufersal |  |  | 218,000 |  |  |  | 5,046 |  |  |  | 4,500 |  |  |  | 1,435 |  |  |  | 21,874 |  |  |  | (2,709 | ) |  |  | (13,793 | ) |  |  | 5,372 |
Joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Quality Invest (ii) |  |  | 4 |  |  |  | 5,525 |  |  |  | 87 |  |  |  | 1,302 |  |  |  | 4,140 |  |  |  | 1 |  |  |  | 2,070 |  |  |  | 31 |
|  | Year ended June 30, 2019 (i)
Associates |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
BHSA |  |  | 24,306 |  |  |  | 2,426 |  |  |  | 2,426 |  |  |  | 358 |  |  |  | 11,348 |  |  |  | (2,917 | ) |  |  | (7,209 | ) |  |  | 1,222 |
PBEL |  |  | 12 |  |  |  | (260 | ) |  |  | (319 | ) |  |  | - |  |  |  | 57 |  |  |  | 239 |  |  |  | (306 | ) |  |  | (10 | )
Shufersal |  |  | 165,640 |  |  |  | 3,165 |  |  |  | 3,148 |  |  |  | 2,448 |  |  |  | 4,457 |  |  |  | (11,530 | ) |  |  | 1,396 |  |  |  | (5,677 | )
Joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Quality Invest (ii) |  |  | 35 |  |  |  | (1,167 | ) |  |  | (1,167 | ) |  |  | - |  |  |  | (124 | ) |  |  | - |  |  |  | 124 |  |  |  | - |
Mehadrin |  |  | 17,330 |  |  |  | 775 |  |  |  | 819 |  |  |  | - |  |  |  | 671 |  |  |  | (277 | ) |  |  | (1,262 | ) |  |  | (868 | )
| (i) | Information under GAAP applicable in the associate and joint ventures´ jurisdiction.
| (ii) | In March 2011, Quality acquired an industrial plant located in San Martín, Province of Buenos Aires. The facilities are suitable for multiple uses. On January 20, 2015, Quality agreed with the Municipality of San Martin on certain re zoning and other urban planning matters (“the Agreement”) to surrender a non-significant portion of the land and a monetary consideration of Ps. 40 million, payable in two installments of Ps. 20 each, the first of which was actually paid on June 30, 2015. In July 2017, the Agreement was amended as follows: 1) a revised zoning plan must be submitted within 120 days as from the amendment date, and 2) the second installment of the monetary considerations was increased to Ps. 71 million payables in 18 equal monthly installments. On March 8, 2018, it was agreed with the well-known Gehl Study (Denmark) - Urban Quality Consultant - the elaboration of a Master Plan, generating a modern concept of New Urban District of Mixed Uses.
| (iii) | Information under BCRA Standards except for the book value of the interest in the associate, goodwill and others.

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