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SEGMENT INFORMATION | 12 Months Ended
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Jun. 30, 2022
SEGMENT INFORMATION |
SEGMENT INFORMATION | 14. SEGMENT INFORMATION The Group is organized into three main operating segments: -Seed and integrated products The seed and integrated products segment focuses mainly on the development and commercialization of seed technologies and products that increase yield per hectare, with a focus on the provision of seed technologies integrated with crop protection and crop nutrition products designed to control weeds, insects or diseases, to increase their quality characteristics, to improve nutritional value and other benefits. The segment focuses on the commercialization of integrated products that combine three complementary components biotechnological events, germplasm and seed treatments—in order to increase crop productivity and create value for customers. While each component can increase yield independently, through an integrated technology strategy the segment offers products that complement and integrate with each other to generate higher yields in crops. Currently the segment generates revenue from ordinary activities through the sale of seeds, integrated product packs, royalties and licenses charged to third parties, among others.
- | Crop protection
The crop protection segment mainly includes the development, production and marketing of high-tech adjuvants and a full range of pest control molecules and biocontrol products. Adjuvants are used in mixtures to facilitate the application and effectiveness of active ingredients, such as insecticides, leading to better performance, reduced usage rates and lower residue levels. Insecticides and fungicides are applied to control pests and significantly reduce disease during the germination period. The segment currently generates revenue from ordinary activities through the sale of adjuvants, insecticides, fungicides and baits, among others.
- | Crop nutrition
The crop nutrition segment focuses mainly on the development, production and commercialization of inoculants that allow the biological fixation of nitrogen in the crops, and of fertilizers including biofertilizers and microgranulated fertilizers that optimize the productivity and yield of the crops. Currently the segment generates income from ordinary activities through the sale of inoculants, bio-inductors, biological fertilizers and microgranulated fertilizers, among others. The measurement principles for the Group’s segment reporting structure are based on the IFRS principles adopted in the Consolidated financial statements. Revenue generated by products and services exchanged between segments and entities within the Group are calculated based on market prices. The following tables present information with respect to the Group´s reporting segments: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Seed and |  | ​ |  | ​ |  | ​ |
​ | ​ | integrated | ​ | Crop | ​ | Crop | ​ | ​ | ​
Year ended June 30, 2022 | ​ | products | ​ | protection | ​ | nutrition | ​ | Consolidated | ​
Revenues from contracts with customers |  |  |  |  |  |  |  |  | ​
Sale of goods and services |  | 45,862,562 |  | 173,095,092 |  | 107,502,350 |  | 326,460,004 | ​
Royalties |  | 1,995,584 |  | — |  | — |  | 1,995,584 | ​
Others |  |  |  |  |  |  |  |  | ​
Initial recognition and changes in the fair value of biological assets at the point of harvest |  | 3,672,192 |  | 1,171,749 |  | 1,544,089 |  | 6,388,030 | ​
Changes in the net realizable value of agricultural products after harvest | ​ | (214,350) | ​ | 111,282 | ​ | 60,545 | ​ | (42,523) | ​
Total |  | 51,315,988 |  | 174,378,123 |  | 109,106,984 |  | 334,801,095 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of sales |  | (21,839,689) |  | (124,489,307) |  | (62,035,099) |  | (208,364,095) | ​
Gross profit per segment |  | 29,476,299 |  | 49,888,816 |  | 47,071,885 |  | 126,437,000 | ​
% Gross margin | ​ | 57 | % | 29 | % | 43 | % | 38 | %
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Seed and |  | ​ |  | ​ |  | ​ |
​ |  | integrated |  | Crop |  | Crop | ​ | ​ | ​
Year ended June 30, 2021 |  | products | ​ | protection | ​ | nutrition | ​ | Consolidated | ​
Revenues from contracts with customers | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sale of goods and services |  | 31,398,592 |  | 113,508,465 |  | 59,767,015 |  | 204,674,072 | ​
Royalties |  | 2,023,548 |  | — |  | — |  | 2,023,548 | ​
Others | ​ |  |  |  |  |  |  |  | ​
Government grants | ​ | 2,302 |  | — |  | — |  | 2,302 | ​
Initial recognition and changes in the fair value of biological assets |  | 1,394,127 |  | 606,269 |  | 825,859 |  | 2,826,255 | ​
Total |  | 34,818,569 |  | 114,114,734 |  | 60,592,874 |  | 209,526,177 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of sales |  | (12,931,763) |  | (75,138,491) |  | (30,571,549) |  | (118,641,803) | ​
Gross margin per segment |  | 21,886,806 |  | 38,976,243 |  | 30,021,325 |  | 90,884,374 | ​
% | ​ | 63 | % | 34 | % | 50 | % | 43 | %
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Seed and |  | ​ |  | ​ |  | ​ |
​ |  | integrated |  | Crop |  | Crop | ​ | ​ | ​
Year ended June 30, 2020 |  | products | ​ | protection | ​ | nutrition | ​ | Consolidated | ​
Revenues from contracts with customers | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sale of goods and services |  | 27,626,542 |  | 93,799,477 |  | 49,148,890 |  | 170,574,909 | ​
Royalties |  | 1,775,790 |  | — |  | — |  | 1,775,790 | ​
Others |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Government grants |  | 24,732 | ​ | — | ​ | — | ​ | 24,732 | ​
Initial recognition and changes in the fair value of biological assets | ​ | 41,755 |  | 418,712 |  | 256,274 |  | 716,741 | ​
Total |  | 29,468,819 |  | 94,218,189 |  | 49,405,164 |  | 173,092,172 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of sales |  | (11,581,494) |  | (53,552,327) |  | (28,441,767) |  | (93,575,588) | ​
Gross margin per segment |  | 17,887,325 |  | 40,665,862 |  | 20,963,397 |  | 79,516,584 | ​
% of Segment Revenue | ​ | 61 | % | 43 | % | 42 | % | 46 | %
​ Revenue by similar group of products or services ​ The figures presented as of June 30, 2021 and 2020 were adjusted to consider the change in the aggregation criteria made by the Group during the year ended June 30, 2022. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 06/30/2022 |  | 06/30/2021 |  | 06/30/2020
Seed and integrated products |  | 47,858,146 |  | 33,422,140 |  | 29,402,332
Seed Treatments Packs |  | 29,056,276 |  | 29,072,060 |  | 25,528,284
Seed & Royalties Payments |  | 6,384,927 |  | 4,350,080 |  | 3,874,048
HB4 Program |  | 12,416,943 |  | — |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​
Crop protection |  | 173,095,092 |  | 113,508,465 |  | 93,799,477
Adjuvants |  | 51,211,406 |  | 50,443,314 |  | 44,556,460
Seed CP Products and Services |  | 26,478,873 |  | 22,648,915 |  | 7,149,221
Other CP Products and Services |  | 95,404,813 |  | 40,416,236 |  | 42,093,796
​ | ​ | ​ | ​ | ​ | ​ | ​
Crop nutrition |  | 107,502,350 |  | 59,767,015 |  | 49,148,890
Inoculants & Biofertilizers |  | 23,621,552 |  | 30,465,272 |  | 16,567,886
Micro-beaded Fertilizers |  | 83,880,798 |  | 29,301,743 |  | 32,581,004
​ | ​ | ​ | ​ | ​ | ​ | ​
Total revenues | ​ | 328,455,588 | ​ | 206,697,620 | ​ | 172,350,699
​ Geographical information ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 06/30/2022 |  | 06/30/2021 |  | 06/30/2020
Argentina |  | 261,624,779 |  | 157,352,242 |  | 130,918,908
Bolivia |  | 430,233 |  | 3,707,107 |  | 2,982,953
Brazil |  | 33,049,005 |  | 24,591,539 |  | 21,188,655
United States of America |  | 5,086,007 |  | 2,504,696 |  | 1,515,185
Paraguay |  | 6,845,952 |  | 5,369,912 |  | 4,428,078
South Africa |  | 3,126,245 |  | 2,789,322 |  | 1,927,333
France |  | 9,794,078 |  | 4,269,368 |  | 911,140
Uruguay |  | 8,064,197 |  | 5,752,913 |  | 6,234,956
Rest of the world |  | 435,092 |  | 360,521 |  | 2,243,491
Total revenues |  | 328,455,588 |  | 206,697,620 |  | 172,350,699
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 06/30/2022 |  | 06/30/2021 |  | 06/30/2020
Non-current assets | ​ | ​ | ​ | ​ | ​ | ​
Argentina |  | 124,025,426 |  | 107,077,617 |  | 93,682,114
Cayman Islands | ​ | 27,399,033 | ​ | 24,837,572 | ​ | —
United States |  | 7,407,432 |  | 7,799,448 |  | 7,168,376
Paraguay |  | 760,894 |  | 742,767 |  | 714,011
Brazil |  | 2,836,570 |  | 3,460,634 |  | 685,587
Bolivia |  | 51,097 |  | 33,133 |  | 15,588
South Africa |  | 6,394 |  | 3,892 |  | 598
Francia | ​ | 14,929 | ​ | 26,138 | ​ | 33,556
Colombia | ​ | 11,304 | ​ | 18,461 | ​ | 22,313
Uruguay | ​ | 173,800 | ​ | 48,502 | ​ | 53,282
Total non-current assets |  | 162,686,879 | ​ | 144,048,164 | ​ | 102,375,425
​ | ​ | ​ | ​ | ​ | ​ | ​
Property, plant and equipment | ​ | 49,908,325 | ​ | 47,954,596 | ​ | 41,515,106
Intangible assets | ​ | 76,704,869 | ​ | 67,342,362 | ​ | 35,333,464
Goodwill | ​ | 36,073,685 | ​ | 28,751,206 | ​ | 25,526,855
Total reportable assets | ​ | 162,686,879 | ​ | 144,048,164 | ​ | 102,375,425
Total non-reportable assets | ​ | 355,533,482 | ​ | 250,541,793 | ​ | 195,185,944
Total assets | ​ | 518,220,361 | ​ | 394,589,957 | ​ | 297,561,369
​

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