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Trade and other receivables

12 Months Ended

Jun. 30, 2020

Trade and other receivables [abstract]

17.

Trade and other receivables

Group’s trade and other receivables as of June 30, 2020 and 2019 were as follows:

	06.30.20			06.30.19
Trade, leases and services receivable		45,922			42,794
Less: allowance for doubtful accounts		(3,850	)		(2,706	)
Total trade receivables		42,072			40,088
Prepaid expenses		11,839			8,462
Guarantee deposits		3			3
Tax credits		1,548			1,632
Borrowings granted, deposits, and other balances		7,642			4,192
Others		7,939			5,805
Total other receivables		28,971			20,094
Total trade and other receivables		71,043			60,182

Non-current		27,326			21,730
Current		43,717			38,452
Total		71,043			60,182

Book amounts of Group’s trade and other receivables in foreign currencies are detailed in Note 34.

The fair value of current receivables approximates their respective carrying amounts because, due to their short-term nature, the effect of discounting is not considered significant.

Trade accounts receivables are generally presented in the Statements of Financial Position net of allowances for doubtful accounts. Impairment policies and procedures by type of receivables are discussed in detail in Note 2. Movements on the Group’s allowance for doubtful accounts were as follows

	06.30.20			06.30.19
Beginning of the year		2,706			1,861
IFRS 15 adjustments		-			194
Recoveries (i)		(113	)		(92	)
Used during the year		(720	)		(472	)
Additions (i)		1,081			806
Currency translation adjustment		1,103			646
Deconsolidation		(20	)		-
Incorporation by business combination		(180	)		-
Transfer to / from assets available for sale		18			-
Inflation adjustment		(25	)		(237	)
End of the year		3,850			2,706

(i)

The creation and release of the provision for impaired receivables have been included in “Selling expenses” in the Statements of Income (Note.27).

The Group’s trade receivables comprise several classes. The maximum exposure to credit risk at the reporting date is the carrying amount of each class of receivables (see Note 5). The Group also has receivables from related parties neither of them is due nor impaired.

Due to the distinct characteristics of each type of receivables, an aging analysis of past due unimpaired and impaired receivables is shown by type and class, as of June 30, 2020 and 2019 (a column of non-past due receivables is also included so that the totals can be reconciled with the amounts appearing on the Statement of Financial Position):

	Expired
	Up to 3 months		From 3 to 6 months		Over 6 months		Not past due		Allowance		Total		% of representation
Leases and services		599		67		115		2,622		787		4,190		9.2	%
Consumer financing		-		-		-		-		16		16		0.0	%
Sale of properties and developments		189		5		5		5,606		1		5,806		12.6	%
Sale of communication equipment		-		-		-		13,674		468		14,142		30.8	%
Telecommunication services		1,485		-		447		12,240		2,535		16,707		36.4	%
Agricultural products		1,571		264		122		3,027		43		5,027		10.9	%
Securities to deposit		3		-		-		31		-		34		0.1	%
Total as of 06.30.20		3,847		336		689		37,200		3,850		45,922		100	%

	Expired
	Up to 3 months		From 3 to 6 months		Over 6 months		Not past due		Allowance		Total		% of representation
Agricultural products		91		-		19		1,561		32		1,703		4.0	%
Shopping leases and services		344		15		13		780		21		1,173		2.7	%
Office leases and services		420		124		176		2,758		472		3,950		9.2	%
Hotel leases and services		-		-		-		147		-		147		0.3	%
Consumer financing		-		-		-		-		23		23		0.1	%
Sale of communication equipment		-		-		-		14,234		204		14,438		33.7	%
Sale of properties and developments		86		14		14		6,883		26		7,023		16.4	%
Telecommunication services		1,604		-		495		10,310		1,928		14,337		33.6	%
Total as of 06.30.19		2,545		153		717		36,673		2,706		42,794		100	%