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UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Jun. 30, 2020
OPERATING ACTIVITIES          
(Loss) profit for the period $ 1,798,958 $ 12,649,826 $ (4,571,304) $ 4,672,081  
Adjustments to reconcile profit to net cash flows          
Income tax     5,841,453 1,204,655  
Finance results     18,632,336 19,868,676  
Depreciation of property, plant and equipment     1,104,537 989,524  
Amortization of intangible assets     1,071,448 1,103,069  
Depreciation of leased assets     287,484 308,030  
Transaction expenses     1,839,679 (783,296)  
Share-based incentive and stock options     636,519 1,867,334  
Share of profit or loss of joint ventures and associates (65,975) (1,240,958) (305,687) (1,298,505)  
Provisions for contingencies     52,441 (8,134)  
Allowance for impairment of trade debtors     126,593 1,120,787  
Allowance for obsolescence     365,458 524,264  
Initial recognition and changes in the fair value of biological assets     (984,193) (716,741)  
Gain or loss on sale of equipment and intangible assets     (7,919) 63,837  
Working capital adjustments          
Trade receivables     (25,172,337) (23,147,172)  
Other receivables     (3,457,049) (2,990,302)  
Income and minimum presumed income taxes     4,560,265 2,000,136  
Inventories     (13,147,532) (6,235,539)  
Trade and other payables     3,252,321 10,642,658  
Employee benefits and social security     (1,009,417) (674,056)  
Deferred revenue and advances from customers     (1,797,030) 2,971,835  
Government grants     (1,650) (4,470)  
Interest collected     1,658,084 571,056  
Inflation effects on working capital adjustments     (12,620,160) (11,575,594)  
Net cash flows (used in) generated by operating activities     (23,645,660) 474,133  
INVESTMENT ACTIVITIES          
Proceeds from sale of property, plant and equipment     82,510 17,071  
Acquisition of assets     (5,000,000)    
Proceeds from sales of financial assets     12,732,709    
Purchase of property, plant and equipment     (1,755,975) (1,007,253)  
Acquisition of investment property     (758,063)    
Capitalized development expenditures     (1,556,367) (504,122)  
Purchase of intangible assets     (576,684) (98,308)  
Purchase of own shares     (1,608,560)    
Net cash flows generated by (used in) investing activities     1,559,570 (1,592,612)  
FINANCING ACTIVITIES          
Proceeds from borrowings     69,542,113 55,536,625  
Repayment of borrowings, financed payments and interest payments     (55,374,045) (54,939,806)  
Increase in bank overdraft and other short-term borrowings     1,374,003 4,721,095  
Other financial proceeds or payments, net     (435,635) 2,018,181  
Leased assets payments     (293,181) (243,414)  
Warrants tender offer payments     (1,030,952)    
Net cash flows generated by financing activities     13,782,303 7,092,681  
Net (decrease) increase in cash and cash equivalents     (8,303,787) 5,974,202  
Inflation effects on cash and cash equivalents     (403,950) (99,554)  
Cash and cash equivalents as of beginning of the period     27,159,421 3,450,873 $ 3,450,873
Effect of exchange rate changes on cash and equivalents     678,522 1,243,337  
Cash and cash equivalents as of the end of the period $ 19,130,206 $ 10,568,858 $ 19,130,206 $ 10,568,858 $ 27,159,421