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SEGMENT INFORMATION
12 Months Ended
Jun. 30, 2021
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 packs, royalties and licenses charged to third parties, among others.

-Crop protection

The crop protection segment mainly includes the development, production and marketing of adjuvants, insecticides and fungicides. The adjuvants are used in mixtures to facilitate greater efficiency of the products to be applied (such as fertilizers and agrochemicals). Insecticides and fungicides can significantly reduce disease or insect problems 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, 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

%

​

​

​

​

​

​

​

​

​

​

​

​

    

Seed and

    

​

    

​

    

​

 

​

 

integrated

 

Crop

 

Crop

​

​

​

Year ended June 30, 2019

 

products

​

protection

​

nutrition

​

Consolidated

​

Revenues from contracts with customers

​

​

​

​

​

​

​

​

​

Sale of goods and services

 

24,185,292

 

89,919,460

 

45,093,764

 

159,198,516

​

Royalties

 

1,110,463

 

—

 

—

 

1,110,463

​

Others

 

​

 

​

 

​

 

​

​

Goverment Grants

 

16,372

 

—

 

—

 

16,372

​

Initial recognition and changes in the fair value of biological assets.

​

—

​

279,945

​

—

​

279,945

​

Total

 

25,312,127

 

90,199,405

 

45,093,764

 

160,605,296

​

​

​

​

​

​

​

​

​

​

​

Cost of sales

 

(9,783,737)

 

(53,979,391)

 

(23,201,753)

 

(86,964,881)

​

Gross margin per segment

 

15,528,390

 

36,220,014

 

21,892,011

 

73,640,415

​

%

​

61

%

40

%

49

%

46

%

​

Revenue by similar group of products or services

​

​

​

​

​

​

​

​

​

    

06/30/2021

    

06/30/2020

    

06/30/2019

Seed and integrated products

 

33,422,140

 

29,402,332

 

25,295,755

Seeds, royalties & licenses

 

6,246,689

 

5,210,616

 

3,846,991

Packs

 

27,175,451

 

24,191,716

 

21,448,764

​

​

​

​

​

​

​

Crop protection

 

113,508,465

 

93,799,477

 

89,919,460

Adjuvants

 

50,062,012

 

45,372,840

 

41,854,730

Insecticides & fungicides

 

18,231,616

 

15,227,357

 

12,655,985

Other

 

45,214,837

 

33,199,280

 

35,408,745

​

​

​

​

​

​

​

Crop nutrition

 

59,767,015

 

49,148,890

 

45,093,764

Inoculants

 

16,485,064

 

16,718,571

 

18,644,673

Fertilizers

 

43,281,951

 

32,430,319

 

26,449,091

​

​

​

​

​

​

​

Total revenues

​

206,697,620

​

172,350,699

​

160,308,979

​

Geographical information

​

​

​

​

​

​

​

​

​

    

06/30/2021

    

06/30/2020

    

06/30/2019

Argentina

 

157,352,242

 

130,918,908

 

124,011,642

Bolivia

 

3,707,107

 

2,982,953

 

2,494,216

Brazil

 

24,591,539

 

21,188,655

 

17,338,608

United States of America

 

2,504,696

 

1,515,185

 

2,562,376

Paraguay

 

5,369,912

 

4,428,078

 

2,506,348

South Africa

 

2,789,322

 

1,927,333

 

3,019,474

France

 

4,269,368

 

911,140

 

711,522

Uruguay

 

5,752,913

 

6,234,956

 

4,684,854

Rest of the world

 

360,521

 

2,243,491

 

2,979,939

Total revenues

 

206,697,620

 

172,350,699

 

160,308,979

​

​

​

​

​

​

​

​

​

​

    

06/30/2021

    

06/30/2020

    

06/30/2019

Non-current assets

​

​

​

​

​

​

Argentina

 

107,077,660

 

93,682,114

 

106,056,232

Cayman Islands

​

24,837,572

​

—

​

—

United States

 

7,799,448

 

7,168,376

 

6,136,461

Paraguay

 

742,767

 

714,011

 

722,914

Brazil

 

3,460,634

 

685,587

 

305,477

Bolivia

 

33,090

 

15,588

 

27,487

South Africa

 

3,892

 

598

 

7,080

India

​

—

 

—

 

38

Francia

​

26,138

​

33,556

​

—

Colombia

​

18,461

​

22,313

​

—

Uruguay

​

48,502

​

53,282

​

—

Total non-current assets

 

144,048,164

​

102,375,425

​

113,255,689

​

​

​

​

​

​

​

Property, plant and equipment

​

47,954,596

​

41,515,106

​

43,834,548

Intangible assets

​

67,342,362

​

35,333,464

​

39,616,426

Goodwill

​

28,751,206

​

25,526,855

​

29,804,715

Total reportable assets

​

144,048,164

​

102,375,425

​

113,255,689

Total non-reportable assets

​

250,541,793

​

195,185,944

​

129,211,608

Total assets

​

394,589,957

​

297,561,369

​

242,467,297

​