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Property, plant and equipment

12 Months Ended

Jun. 30, 2020

Property, plant and equipment [abstract]

10.

Property, plant and equipment

Changes in the Group’s property, plant and equipment for the years ended June 30, 2018 and 2017 were as follows:

	Owner occupied farmland (i)			Bearer plant (v)			Buildings and facilities			Machinery and equipment			Communication networks			Others (ii)			Total
Balance as of June 30, 2018		18,198			1,166			4,900			763			21,383			5,663			52,073
Costs		20,035			1,450			11,690			2,322			87,309			10,920			133,726
Accumulated depreciation		(1,837	)		(284	)		(6,790	)		(1,559	)		(65,926	)		(5,257	)		(81,653	)
Net book amount at June 30, 2018		18,198			1,166			4,900			763			21,383			5,663			52,073

Currency translation adjustment		(545	)		(55	)		89			96			(550	)		(364	)		(1,329	)
Additions		793			582			549			147			4,599			2,353			9,023
Transfers		652			-			950			19			-			-			1,621
Disposals		(436	)		-			(1	)		(3	)		(43	)		(24	)		(507	)
Depreciation charge (iii)		(229	)		(294	)		(510	)		(140	)		(3,792	)		(1,810	)		(6,775	)
Balance as of June 30, 2019		18,433			1,399			5,977			882			21,597			5,818			54,106

Costs		20,498			1,978			13,278			2,581			91,315			12,884			142,534
Accumulated depreciation		(2,065	)		(579	)		(7,301	)		(1,699	)		(69,718	)		(7,066	)		(88,428	)
Net book amount at June 30, 2019		18,433			1,399			5,977			882			21,597			5,818			54,106

Additions		761			312			507			82			3,417			1,775			6,854
Disposals		(120	)		-			(64	)		(6	)		(3,197	)		(111	)		(3,498	)
Desconsolidation		-			-			(423	)		(594	)		-			(44	)		(1,061	)
Incorporation by business combination		7,151			-			1,614			377			-			332			9,474
Currency translation adjustment		(887	)		(238	)		447			189			3,551			1,229			4,291
Transfers		(1,336	)		(2	)		(1,141	)		(34	)		377			(378	)		(2,514	)
Depreciation charge (i)		(271	)		(343	)		(477	)		(107	)		(4,631	)		(1,867	)		(7,696	)
Balance as of June 30, 2020		23,731			1,128			6,440			789			21,114			6,754			59,956

Costs		30,627			1,885			13,554			4,743			100,931			13,563			165,303
Accumulated depreciation		(6,896	)		(757	)		(7,114	)		(3,954	)		(79,817	)		(6,809	)		(105,347	)
Net book amount at June 30, 2020		23,731			1,128			6,440			789			21,114			6,754			59,956

(i) On January 9, 2017, the INRA released a report declaring that Las Londras farm (4565 ha.), with a book value of Ps. 540 as of June 30, 2020, is within the area of the “Guarayos Forestry Reserve” and establishes that the property of Agropecuaria Acres del Sud S.A. should be reduced to 50 hectares, while the remaining acreage would be reverted upon as a fiscal land once the process is concluded. It should be noted that the report is preliminary and is subject to appeal by the interested parties. The Company exercising its rights presented an administrative filing and within the associations of producers that the company is part of. Recently a census was ordered in the affected area, but no definitive resolution was issued to delimit the reservation. At the same time, a claim was made to our sellers to respond for eviction by virtue of the declarations and guarantees granted at the time of the sale of the property.

(ii) Includes furniture and fixtures and vehicles.

(iii) Amortization charge was recognized in the amount of Ps. 5,909 and Ps. 5,631 under “Costs”, in the amount of Ps. 784 and Ps. 409 under “General and administrative expenses” and Ps. 1,533 and Ps. 114 under “Selling expenses” as of June 30, 2019 and 2018, respectively in the Statements of Income (Note 27) and Ps. 738 and Ps. 583 were capitalized as part of biological assets’ cost. In addition, a charge of Ps. 912 and Ps. 2,200 was recognized under “Discontinued operations” as of June 30, 2020 and 2019, respectively.

(iv) See Note 4. Includes other non-significant business combinations.

(v) Corresponds to the plantation of sugarcane with a useful life of more than one year.