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Cash and Cash Equivalents
 12 Months Ended
Jun. 30, 2023
Cash and Cash Equivalents [Abstract]  
Cash and cash equivalents

Note 11. Cash and cash equivalents

 

For the purposes of preparing the Consolidated Statements of Financial Position and Statement of Cash Flows, the item “Cash and Cash Equivalents” includes cash on hand and in banks and short-term highly liquid investments that can be readily convertible to known amounts of cash and they are subject to insignificant risk of changes in value.

 

Bank overdrafts are classified as “Financial Debt” in the Consolidated Statement of Financial Position.

 

Cash and cash equivalents at each year-end, as disclosed in the Consolidated Statement of Cash Flows, may be reconciled against the items related to the Consolidated Statement of Financial Position as follows:

 

   As of
June 30,
2023		   As of
June 30,
2022		 
Cash  $2,443   $- 
Bank accounts   2,061,636    1,081,808 
Short-term investments   463,594    - 
Total cash and cash equivalents  $2,527,673   $1,081,808