XML 26 R10.htm IDEA: XBRL DOCUMENT
v3.23.3

Information about the main subsidiaries | 12 Months Ended
--- | ---
Jun. 30, 2023
Information about the main subsidiaries |
7. Information about the main subsidiaries | 7. Information about the main subsidiaries The Group conducts its business through several operating subsidiaries and holdings. The Group considers that the subsidiaries below are the ones with non-controlling interests material to the Group.
|  | Direct interest of non-controlling interest % (1) |  |  | Current assets |  |  | Non-current assets |  |  | Current liabilities |  |  | Non-current liabilities |  |  | Net assets |  |  | Book value of non-controlling interests |
|  | Year ended June 30, 2023 |
Subsidiaries with direct participation of Cresud |
IRSA |  |  | 43.07 | % |  |  | 70,226 |  |  |  | 641,386 |  |  |  | 75,722 |  |  |  | 251,507 |  |  |  | 384,383 |  |  |  | 165,554 |
Subsidiaries with indirect participation of Cresud
Brasilagro |  |  | 62.12 | % |  |  | 75,036 |  |  |  | 155,209 |  |  |  | 35,197 |  |  |  | 48,560 |  |  |  | 146,488 |  |  |  | 90,998 |
|  | Year ended June 30, 2022
Subsidiaries with direct participation of Cresud
IRSA |  |  | 46.06 | % |  |  | 91,446 |  |  |  | 712,221 |  |  |  | 186,322 |  |  |  | 251,445 |  |  |  | 365,900 |  |  |  | 168,534 |
Subsidiaries with indirect participation of Cresud
Brasilagro |  |  | 60.44 | % |  |  | 81,586 |  |  |  | 128,303 |  |  |  | 24,833 |  |  |  | 46,007 |  |  |  | 139,049 |  |  |  | 84,041 |
|  | Revenues |  |  | Net income |  |  | Total comprehensive loss |  |  | Total comprehensive income/ (loss) attributable to non-controlling interest |  |  | Cash of operating activities |  |  | Cash of investing activities |  |  | Cash of financial activities |  |  | Net Increase/ (decrease) in cash and cash equivalents |  |  | Dividends distribution to non-controlling shareholders |
|  | Year ended June 30, 2023 |
Subsidiaries with direct participation of Cresud |
IRSA |  |  | 89,285 |  |  |  | 58,094 |  |  |  | (1,286 | ) |  |  | 743 |  |  |  | 36,494 |  |  |  | 26,442 |  |  |  | (81,124 | ) |  |  | (18,188 | ) |  |  | (1,928 | )
Subsidiaries with indirect participation of Cresud
Brasilagro |  |  | 46,282 |  |  |  | 10,430 |  |  |  | 19,834 |  |  |  | 11,988 |  |  |  | 4,532 |  |  |  | 6,172 |  |  |  | (12,805 | ) |  |  | (2,101 | ) |  |  | - |
|  | Year ended June 30, 2022
Subsidiaries with direct participation of Cresud
IRSA |  |  | 69,168 |  |  |  | 75,222 |  |  |  | (379 | ) |  |  | 735 |  |  |  | 27,329 |  |  |  | 24,134 |  |  |  | (29,455 | ) |  |  | 22,008 |  |  |  | (381 | )
Subsidiaries with indirect participation of Cresud
Brasilagro |  |  | 69,238 |  |  |  | 32,268 |  |  |  | (12,588 | ) |  |  | (7,623 | ) |  |  | 5,562 |  |  |  | (453 | ) |  |  | (25,507 | ) |  |  | (20,398 | ) |  |  | - |
(1) | Corresponds to the direct interest from the Group.
IDBD As indicated in Note 1. to these financial statements, the Group lost control of IDBD on September 25, 2020. On September 21, 2020, IDBD filed a lawsuit against Dolphin Netherlands B.V. (“Dolphin BV”) and IRSA before the Tel-Aviv Jaffa District Court (civil case no. 29694-09-20). The amount claimed by IDBD is NIS 140 million, alleging that Dolphin BV and IRSA breached an alleged legally binding commitment to transfer to IDBD 2 installments of NIS 70 million. On December 24, 2020, and following approval by the insolvency court, the IDBD trustee filed a motion to dismiss the claim, maintaining the right as IDBD trustee, to file a new inter alia claim in the same matter, after conduct an investigation into the reasons for IDBD's insolvency. On December 24, 2020, the court entered a judgment to dismiss the claim as requested. On October 31, 2021, the Insolvency Commissioner notified that he did not oppose the motion, and on that same date, the court affirmed the motion initiated by the trustee of IDBD. On December 26, 2021 IDBD filed the lawsuit against Dolphin BV and IRSA for the sum of NIS 140 million. On January 30, 2023, a copy of the lawsuit was sent to us and we evaluated the legal defense alternatives for the company's interests. On May 9, 2023, two filings were made by Dolphin BV and IRSA for the purpose of reversing the decision of the Tel-Aviv Jaffa District Court regarding the manner in which the lawsuits were made, the law and the jurisdiction applicable. The following day, the Court granted a period of 20 days for IDBD to respond to the presentations made by Dolphin BV and IRSA and set a hearing for June 29, 2023. On May 30, 2023, IDBD made a presentation to answer the arguments raised by IRSA and Dolphin BV in their briefs. On June 29, 2023, the hearing set by the Court took place, where the parties had the opportunity to explain the arguments raised in their briefs. The Court would be in a position to issue a verdict regarding the statements made on the way in which the notification of the lawsuits was made, the law and applicable jurisdiction. Based on the review of the commitments and the analysis of the Company's lawyers, the sum of NIS 80 million, equivalent to ARS 5,536 million, are provisioned in these consolidated financial statements.

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

X
- Definition The disclosure of subsidiaries. [Refer: Subsidiaries [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2022-03-24 -Paragraph 17 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2022-en-r&anchor=para_17_b&doctype=Standard -URIDate 2022-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2022-03-24 -Paragraph 16 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2022-en-r&anchor=para_16_b&doctype=Standard -URIDate 2022-03-24 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B4 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B4_a&doctype=Appendix&subtype=B -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration