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Trade and other receivables

12 Months Ended

Jun. 30, 2023

17. Trade and other receivables

Group’s trade and other receivables as of June 30, 2023 and 2022 were as follows:

	06.30.2023			06.30.2022
Trade, leases and services receivable (*)		74,186			67,328
Less: allowance for doubtful accounts		(1,512	)		(2,212	)
Total trade receivables		72,674			65,116
Prepayments		13,312			12,793
Borrowings, deposits and others		9,533			10,275
Contributions pending integration		45			54
Guarantee deposits		11			2
Tax receivables		8,340			6,381
Others		7,616			9,093
Total other receivables		38,857			38,598
Total trade and other receivables		111,531			103,714

Non-current		33,710			31,891
Current		77,821			71,823
Total		111,531			103,714

(*)	Includes field sales credits, which are revalued based on the soybean price at each balance sheet date. The related impact in the Statement of Income and Other Comprehensive income is presented within “Financial results, net.

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 Statement 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:

	06.30.2023			06.30.2022
Beginning of the year		2,212			3,531
Additions (i)		327			595
Recovery (i)		(132	)		(610	)
Currency translation adjustment		378			132
Used during the year		(4	)		(26	)
Inflation adjustment		(1,269	)		(1,410	)
End of the year		1,512			2,212

(i)	The creation and release of the provision for impaired receivables have been included in “Selling expenses” in the Statement of Income and Other Comprehensive 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, 2023 and 2022 (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		4,162		171		1,201		18,095		1,309		24,938		33.6	%
Sale of properties and developments		-		-		173		39,518		-		39,691		53.5	%
Agricultural products		-		-		-		9,326		203		9,529		12.8	%
Total as of 06.30.2023		4,162		171		1,374		66,939		1,512		74,158		100.0	%

	Expired
	Up to 3 months		From 3 to 6 months		Over 6 months		Not past due		Allowance		Total		% of representation
Leases and services		4,217		548		1,524		14,912		2,109		23,310		34.6	%
Sale of properties and developments		86		-		43		29,961		-		30,090		44.7	%
Agricultural products		-		-		-		13,825		103		13,928		20.7	%
Total as of 06.30.2022		4,303		548		1,567		58,698		2,212		67,328		100.0	%