Accounts receivable and others

12 Months Ended

Jun. 30, 2019

Accounts Receivable and Others [Abstract]

Accounts receivable and others

7. Accounts receivable and others

	Note	2019		2018
Trade accounts receivable	7.1		112,646		78,557
Recoverable taxes	7.2		5,950		9,479
Advances to suppliers			5,790		6,711
Other receivables			934		429
Total current			125,320		95,176
Trade accounts receivable	7.1		180,597		55,423
Recoverable taxes	7.2		21,269		17,847
Judicial deposits	25		1,667		1,505
Total noncurrent			203,533		74,775

7.1 Trade accounts receivable

	2019			2018
Sale of sugarcane (c)		27,623			36,742
Sale of grains (d)		36,546			14,757
Sale of cattle		1,210			589
Leases of land		6,954			5,747
Sale of machinery		121			216
Sale of farms (e)		41,351			21,372
		113,805			79,423
Allowance for expected credit losses (a)		(1,159	)		(866	)
Total current		112,646			78,557
Sale of farms (e)		180,597			55,423
Total noncurrent		180,597			55,423

a) Changes in the allowance for expected credit losses:

At June 30, 2017	861
Accrual of provision	284
Write-off or reversal	(279	)
At June 30, 2018	866
Accrual of provision	397
Write-off or reversal	(104	)
At June 30, 2019	1,159

b) Breakdown of receivable by maturity

	2019		2018
Falling due:
Up to 30 days		49,885		34,305
31 to 90 days		24,456		19,611
91 to 180 days		12,000		9,159
181 to 360 days		20,555		15,316
Over 360 days		180,597		55,423
Past due:
Up to 30 days		5,642		106
31 to 90 days		108		60
91 to 180 days		-		2
181 to 360 days		308		8
Over 360 days		851		856
		294,402		134,846

c) Sale of sugarcane

The Company has two sugarcane supply agreements. The first agreement was with Brenco Companhia Brasileira de Energia Renovável (Brenco) and the second agreement is included in the partnership IV Agreement, as mentioned in the explanatory note on Commitments, whose credit risks are assessed in accordance with the internal policy as presented in Note 4.8b.

No expected credit allowance was recorded at June 30, 2019, and no defaulted payments exist as of the date of these Financial Statements.

The accounts receivable balance from Brenco amounted to R$ 18,290 as of June 30, 2019. See Note 29.

d) Sale of grains

For the year ended June 30, 2019 and 2018, corn and soybean were sold mainly to the clients Bunge Alimentos, Louis Dreyfus, Amaggi and Cargill Agrícola and Bunge Alimentos and Cargill, respectively. See Note 18 for information on concentration of clients.

e) Receivables from sale of farms

Total amounts sold, collected and receivables from sale of farms are as follows:

	Araucária II			Araucária III			Araucária IV			Araucária V			Jatobá I			Jatobá II			Jatobá III			Alto Taquari I			Consolidated
At June 30, 2017		4,403			8,789			10,995			-			7,541			-			-			-			31,728
Sales		-			-			-			52,405			-			-			-			-			52,405
Receipts		(4,994	)		(2,493	)		(4,250	)		(5,267	)		(877	)		-			-			-			(17,881	)
Fair value adjustment		591			2,231			2,272			3,456			1,993			-			-			-			10,543
At June 30, 2018		-			8,527			9,017			50,594			8,657			-			-			-			76,795
Sales (a)		-			-			-			-			-			123,335			47,016			6,871			177,222
Receipts		-			(2,980	)		(1,525	)		(10,115	)		(2,513	)		(21,000	)		(5,000	)		(2,927	)		(46,060	)
Fair value adjustment		-			(325	)		(254	)		(2,396	)		38			16,488			115			325			13,991
At June 30, 2019		-			5,222			7,238			38,083			6,182			118,823			42,131			4,269			221,948
Current		-			2,409			3,025			8,367			4,132			17,836			4,864			718			41,351
Noncurrent		-			2,813			4,213			29,716			2,050			100,987			37,267			3,551			180,597

(a) Information on sales and the amounts received in the fiscal year ended June 30, 2019 is presented in Notes 1.1 and 19.b.

7.2 Recoverable taxes

	2019		2018
Withholding income tax (IRRF) on financial investments to be offset		3,284		3,843
Income tax losses and social contribution carryforwards		-		148
Other recoverable taxes and contributions		2,666		5,488
Total current (a)		5,950		9,479
ICMS recoverable		9,792		8,429
ICMS recoverable on property, plant and equipment		194		409
Non-cumulative PIS and COFINS to be offset		4,804		6,837
IRRF on financial investments to be offset		6,479		2,172
Total noncurrent		21,269		17,847

(a) Of the amounts consolidated as of June 30, 2018, the amount of R$ 4,844 refers to Value Added Tax in Paraguay recovered in 2019