XML 37 R17.htm IDEA: XBRL DOCUMENT
v3.20.2

Intangible assets | 12 Months Ended
--- | ---
Jun. 30, 2020
Intangible Assets [Abstract] |
Intangible assets |
12. | Intangible assets
Changes in the Group’s intangible assets for the years ended June 30, 2020 and 2019 were as follows:
|  | Goodwill business |  |  | Trademarks |  |  | Licenses |  |  | Customer relations |  |  | Information systems and software |  |  | Contracts and others (iii) (iv) |  |  | Total |
Balance as of June 30, 2018 |  |  | 7,105 |  |  |  | 6,842 |  |  |  | 2,615 |  |  |  | 5,117 |  |  |  | 3,742 |  |  |  | 2,575 |  |  |  | 27,996 |
Costs |  |  | 7,105 |  |  |  | 7,265 |  |  |  | 9,718 |  |  |  | 15,399 |  |  |  | 6,995 |  |  |  | 6,753 |  |  |  | 53,235 |
Accumulated depreciation |  |  | - |  |  |  | (423 | ) |  |  | (7,103 | ) |  |  | (10,282 | ) |  |  | (3,253 | ) |  |  | (4,178 | ) |  |  | (25,239 | )
Net book amount at June 30, 2018 |  |  | 7,105 |  |  |  | 6,842 |  |  |  | 2,615 |  |  |  | 5,117 |  |  |  | 3,742 |  |  |  | 2,575 |  |  |  | 27,996 |
Assets incorporated by business combination (i) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 31 |  |  |  | - |  |  |  | 31 |
Impairment |  |  | (184 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (184 | )
Currency translation adjustment |  |  | (189 | ) |  |  | (200 | ) |  |  | (97 | ) |  |  | (312 | ) |  |  | (87 | ) |  |  | 53 |  |  |  | (832 | )
Transfers |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3 |  |  |  | (3 | ) |  |  | - |
Additions |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 15 |  |  |  | 1,531 |  |  |  | 2,190 |  |  |  | 3,736 |
Disposals |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (61 | ) |  |  | - |  |  |  | (61 | )
Depreciation charge (i) |  |  | - |  |  |  | (125 | ) |  |  | (216 | ) |  |  | (1,669 | ) |  |  | (1,305 | ) |  |  | (1,353 | ) |  |  | (4,668 | )
Balance as of June 30, 2019 |  |  | 6,732 |  |  |  | 6,517 |  |  |  | 2,302 |  |  |  | 3,151 |  |  |  | 3,854 |  |  |  | 3,462 |  |  |  | 26,018 |
Costs |  |  | 6,732 |  |  |  | 7,064 |  |  |  | 9,621 |  |  |  | 15,102 |  |  |  | 8,412 |  |  |  | 8,993 |  |  |  | 55,924 |
Accumulated depreciation |  |  | - |  |  |  | (547 | ) |  |  | (7,319 | ) |  |  | (11,951 | ) |  |  | (4,558 | ) |  |  | (5,531 | ) |  |  | (29,906 | )
Net book amount at June 30, 2019 |  |  | 6,732 |  |  |  | 6,517 |  |  |  | 2,302 |  |  |  | 3,151 |  |  |  | 3,854 |  |  |  | 3,462 |  |  |  | 26,018 |
Additions |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,572 |  |  |  | 2,965 |  |  |  | 4,537 |
Disposals |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (18 | ) |  |  | (137 | ) |  |  | - |  |  |  | (155 | )
Deconsolidation |  |  | (3,259 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (22 | ) |  |  | - |  |  |  | (3,281 | )
Transfers |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 9 |  |  |  | (64 | ) |  |  | (54 | )
Assets incorporated by business combination |  |  | 11 |  |  |  | - |  |  |  | - |  |  |  | 38 |  |  |  | 19 |  |  |  | - |  |  |  | 68 |
Currency translation adjustment |  |  | 2,336 |  |  |  | 1,233 |  |  |  | 397 |  |  |  | 432 |  |  |  | 665 |  |  |  | 692 |  |  |  | 5,755 |
Depreciation charge (i) |  |  | - |  |  |  | (122 | ) |  |  | (279 | ) |  |  | (1,128 | ) |  |  | (1,705 | ) |  |  | (1,462 | ) |  |  | (4,696 | )
Balance as of June 30, 2020 |  |  | 5,821 |  |  |  | 7,628 |  |  |  | 2,420 |  |  |  | 2,475 |  |  |  | 4,255 |  |  |  | 5,593 |  |  |  | 28,192 |
Costs |  |  | 5,821 |  |  |  | 8,421 |  |  |  | 11,289 |  |  |  | 23,731 |  |  |  | 8,043 |  |  |  | 13,751 |  |  |  | 71,056 |
Accumulated depreciation |  |  | - |  |  |  | (793 | ) |  |  | (8,869 | ) |  |  | (21,256 | ) |  |  | (3,788 | ) |  |  | (8,158 | ) |  |  | (42,864 | )
Net book amount at June 30, 2020 |  |  | 5,821 |  |  |  | 7,628 |  |  |  | 2,420 |  |  |  | 2,475 |  |  |  | 4,255 |  |  |  | 5,593 |  |  |  | 28,192 |
| (i) | Amortization charge was recognized in the amount of Ps. 343 and Ps. 1,052 under “Costs”, in the amount of Ps. 1, 653 and Ps. 2,265 under “General and administrative expenses” and Ps. 2,700 and Ps. 2,238 under “Selling expenses” as of June 30, 2020 and 2019, respectively in the Statements of Income (Note 27). In addition, a charge of Ps. 529 was recognized under “Discontinued operations” as of June 30, 2019.
The goodwill assigned to real estate in Israel amounts to NIS 268 (Ps. 5,451 at the exchange rate at the end of the financial year 2020), the one assigned to supermarkets amounted to NIS 192 and the assigned to Israel real state amounted to NIS 113. The rest is goodwill that is allocated to the real estate segment of Argentina. Goodwill impairment test The Group performs an annual impairment test of the goodwill. For fiscal year 2020, the recoverable value obtained for said test corresponding to the CGUs where the goodwill is assigned (Israel’s Telecommunications) was calculated based on the fair value (market value) minus the costs of sale. For the fiscal year 2019, based on the significant decrease in the market value of Cellcom and its results in the last financial year, caused by the greater competition in the cell phone market in Israel as a result of the entry of new competitors, the Group calculated the recoverable value at the end of the year of the telecommunications CGU based on the value in use of the assets. This test resulted in the goodwill attributable to Cellcom for an amount of Ps. 4,569 (NIS 268) being recoverable. The value in use as of June 30, 2019, was determined by an independent appraiser and was estimated at Ps. 84,159 (NIS 4,936). The cash flow was calculated based on the budgets approved by management covering a period of 5 years. Subsequent cash flows were estimated based on the long-term growth rate. The main data and assumptions used in the calculation of the value in use were the following:
|  | 06.30.19 |
Net value of the CGU net of taxes |  | NIS | 294 |
Value of the net operating assets of the telecommunications CGU of Israel (including brands and excluding goodwill) |  | NIS | 3,668 |
Value of goodwill of the CGU |  | NIS | 268 |
Annual discount rate after tax |  |  | 8.5 | %
Long-term growth rate |  |  | 1.5 | %
Long-term market share |  |  | 25 | %
ARPU (average monthly income per user) during the representative term (excludes income from international hosting and roaming) |  | NIS | 55.50 |
The recoverable amount of the CGU would be equal to the book value in the scenarios in which the relevant variables are the following, in the event that the rest of the variables remain constant:
Annual net discount rate after taxes |  |  | 9.20 | %
ARPU (average monthly income per user) during the representative term (excludes income from international hosting and roaming) |  | NIS | 53 |

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

X
- Definition The entire disclosure for intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 38 -IssueDate 2019-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=38&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IAS38_g118-128_TI -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfIntangibleAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration