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INFORMATION ABOUT COMPONENTS OF CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Tables)
12 Months Ended
Jun. 30, 2021
INFORMATION ABOUT COMPONENTS OF CONSOLIDATED STATEMENTS OF FINANCIAL POSITION  
Schedule of cash and cash equivalents

​

​

​

​

​

​

​

​

​

    

06/30/2021

    

06/30/2020

    

06/30/2019

Cash at bank and on hand

​

28,327,569

​

20,176,452

​

3,450,873

Money market funds

​

7,718,544

​

22,346,409

​

—

​

 

36,046,113

 

42,522,861

 

3,450,873

Schedule of other financial assets

​

​

​

​

​

​

​

​

​

    

06/30/2021

    

06/30/2020

    

06/30/2019

Current

 

  

 

  

​

  

Restricted short-term deposits

 

425,976

 

4,390,458

​

4,327,275

US Treasury bills

​

7,885,937

​

7,768,410

​

—

Others mutual funds

​

—

​

—

​

347,718

Other investments

 

2,849,485

 

1,277,525

​

8,515

​

 

11,161,398

 

13,436,393

​

4,683,508

​

​

​

​

​

​

​

​

 

06/30/2021

 

06/30/2020

 

06/30/2019

Non-current

 

  

 

  

 

  

Shares of Bioceres S.A.

 

355,251

 

321,705

 

374,685

Other investments

 

742,211

 

998

 

1,728

​

 

1,097,462

 

322,703

 

376,413

Schedule of trade receivables

​

​

​

​

​

​

​

​

​

    

06/30/2021

    

06/30/2020

    

06/30/2019

Current

​

​

​

​

​

​

Trade debtors

​

87,709,287

​

53,047,035

​

48,910,484

Allowance for impairment of trade debtors

 

(5,858,503)

 

(3,886,832)

 

(3,360,224)

Shareholders and other related parties (Note 17)

 

—

 

1,090,004

 

467,743

Allowance for impairment of shareholders and other related parties (Note 17)

 

—

 

(768)

 

(75,596)

Allowance for credit notes to be issued

 

(2,987,398)

 

(2,285,197)

 

(800,606)

Trade debtors - Parent company (Note 17)

 

—

 

—

 

440,268

Trade debtors - Joint ventures and associates (Note 17)

 

221,048

 

120,992

 

2,369

Deferred checks

 

9,699,738

 

25,461,399

 

13,651,939

​

 

88,784,172

 

73,546,633

 

59,236,377

Non-current

​

​

​

​

​

​

Trade debtors

​

135,739

​

—

​

—

​

​

135,739

​

—

​

—

Schedule of other receivables

​

​

​

​

​

​

​

​

​

    

 06/30/2021

    

 06/30/2020

    

 06/30/2019

Current

 

  

 

  

 

  

Taxes

 

6,048,533

 

2,205,342

 

584,641

Other receivables - Other related parties (Note 17)

 

1,547

 

2,102

 

10,971

Other receivables - Parents companies and related parties to Parents (Note 17)

 

770,549

 

102,069

 

—

Other receivables - Joint ventures and associates (Note 17)

 

2,219,863

 

1,562,340

 

250,783

Prepayments to suppliers

 

1,646,614

 

379,914

 

496,001

Prepayments to suppliers - Shareholders and other related parties (Note 17)

 

132,625

 

81,737

 

—

Reimbursements over exports

 

10,547

 

29,077

 

366,594

Prepaid expenses and other receivables

 

1,021

 

128,650

 

213,597

Loans receivable

 

230,000

 

230,000

 

—

Miscellaneous

 

92,406

 

49,441

 

59,242

​

 

11,153,705

 

4,770,672

 

1,981,829

​

​

​

​

​

​

​

​

    

 06/30/2021

    

 06/30/2020

    

 06/30/2019

Non-current

 

  

 

  

 

  

Taxes

 

862,771

 

328,701

 

681,168

Reimbursements over exports

 

1,680,371

 

1,293,958

 

878,470

Miscellaneous

 

—

 

80,914

 

672

​

 

2,543,142

 

1,703,573

 

1,560,310

Schedule of inventories

​

​

​

​

​

​

​

​

​

    

06/30/2021

    

06/30/2020

    

06/30/2019

Agrochemicals

 

1,161,025

 

356,489

 

22,137

Seeds and grains

 

22,389,400

 

1,300,998

 

207,519

Resale products

​

20,207,496

​

13,486,668

​

13,894,018

Manufactured products

​

10,902,683

​

8,079,553

​

8,370,583

Goods in transit

 

1,169,303

 

1,292,239

 

751,737

Supplies

 

6,320,594

 

5,930,471

 

4,482,827

Allowance for obsolescence

 

(1,112,950)

 

(1,107,870)

 

(406,818)

​

 

61,037,551

 

29,338,548

 

27,322,003

Schedule of changes in biological assets

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Soybean

    

Corn

    

Wheat

    

Barley

    

HB4 Soy

    

HB4 Wheat

    

Total

Beginning of the year

 

105,101

 

271,754

 

45,639

 

34,050

 

—

 

509,184

 

965,728

Initial recognition and changes in the fair value of biological assets

 

981,551

 

250,443

 

284,903

 

35,847

 

741,799

 

531,712

 

2,826,255

Costs incurred during the year

 

252,504

 

417,586

 

241,610

 

37,115

 

17,716,018

 

7,053,929

 

25,718,762

Exchange differences

 

(113,718)

 

(153,795)

 

(65,797)

 

(16,876)

 

(2,823,643)

 

(1,153,734)

 

(4,327,563)

Decrease due to harvest

 

(1,171,276)

 

(758,342)

 

(484,044)

 

(87,065)

 

(15,634,174)

 

(4,732,443)

 

(22,867,344)

Year ended June 30, 2021

 

54,162

 

27,646

 

22,311

 

3,071

 

—

 

2,208,648

 

2,315,838

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Soybean

    

Corn

    

Wheat

    

Barley

    

HB4 Wheat

    

Total

Beginning of the year

 

237,723

 

32,856

 

—

 

—

 

—

 

270,579

Initial recognition and changes in the fair value of biological assets

 

198,932

 

252,056

 

202,543

 

63,210

 

—

 

716,741

Decrease due to harvest

 

(447,132)

 

(252,372)

 

(227,303)

 

(59,626)

 

—

 

(986,433)

Cost incurred during the year

 

284,951

 

314,950

 

87,615

 

38,033

 

509,184

 

1,234,733

Exchange differences

 

(169,373)

 

(75,736)

 

(17,216)

 

(7,567)

 

—

 

(269,892)

Year ended June 30, 2020

 

105,101

 

271,754

 

45,639

 

34,050

 

509,184

 

965,728

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Soybean

    

Corn

    

Wheat

    

Barley

    

Total

Beginning of the year

 

—

 

—

 

—

 

—

 

—

Initial recognition and changes in the fair value of biological assets

 

241,707

 

38,238

 

—

 

—

 

279,945

Decrease due to harvest

 

(288,791)

 

(45,687)

 

—

 

—

 

(334,478)

Cost incurred during the year

 

339,088

 

47,986

 

—

 

—

 

387,074

Exchange differences

 

(54,281)

 

(7,681)

 

—

 

—

 

(61,962)

Year ended June 30, 2019

 

237,723

 

32,856

 

—

 

—

 

270,579

Schedule of property plant and equipment

​

​

​

​

​

​

​

​

​

    

06/30/2021

    

06/30/2020

    

06/30/2019

Gross carrying amount

 

63,974,402

 

54,527,392

 

57,059,972

Accumulated depreciation

 

(16,019,806)

 

(13,012,286)

 

(13,225,424)

Net carrying amount

 

47,954,596

 

41,515,106

 

43,834,548

Schedule of net carrying amount

​

​

​

​

​

​

​

​

​

​

Net carrying

​

Net carrying

​

Net carrying

​

​

 amount

​

 amount

​

 amount

Class

    

06/30/2021

    

06/30/2020

    

06/30/2019

Office equipment

​

288,920

​

188,280

​

213,437

Vehicles

​

1,835,634

​

1,149,455

​

1,785,701

Equipment and computer software

 

67,105

 

32,448

 

123,472

Fixtures and fittings

 

2,967,431

 

3,679,075

 

4,737,396

Machinery and equipment

 

5,125,728

 

5,449,233

 

6,336,691

Land and buildings

 

35,674,513

 

29,746,076

 

29,969,237

Buildings in progress

 

1,995,265

 

1,270,539

 

668,614

Total

 

47,954,596

 

41,515,106

 

43,834,548

Schedule of gross carrying amount .   Gross carrying amount as of June 30, 2021 is as follows

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Gross carrying amount

​

​

​

​

​

​

Additions

​

​

​

​

​

​

​

​

​

​

​

​

As of the

​

​

​

from

​

​

​

​

​

Foreign

​

​

​

​

​

​

beginning

​

​

​

business

​

​

​

​

​

currency

​

​

​

As of the

Class

    

of year

    

Additions

    

combination

    

Transfers

    

Disposals

    

translation

    

Revaluation

    

end of year

Office equipment

​

579,882

​

66,331

​

5,491

​

—

​

(5,622)

​

116,743

​

—

​

762,825

Vehicles

​

2,977,542

​

987,101

​

466,024

​

—

​

(1,045,656)

​

127,206

​

—

​

3,512,217

Equipment and computer software

​

465,679

​

66,263

​

13,952

​

—

​

—

​

46,232

​

—

​

592,126

Fixtures and fittings

 

5,480,431

 

50,976

 

—

 

85,490

 

—

 

21,046

 

—

 

5,637,943

Machinery and equipment

 

9,054,701

 

604,307

 

—

 

—

 

(10,240)

 

339,043

 

—

 

9,987,811

Land and buildings

 

34,698,618

 

—

 

1,466,578

 

2,517,158

 

—

 

4,022,972

 

(1,219,111)

 

41,486,215

Buildings in progress

 

1,270,539

 

1,030,847

 

—

 

(438,492)

 

—

 

132,371

 

—

 

1,995,265

Total

 

54,527,392

 

2,805,825

 

1,952,045

 

2,164,156

 

(1,061,518)

 

4,805,613

 

(1,219,111)

 

63,974,402

Gross carrying amount as of June 30, 2020 is as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Gross carrying amount

​

​

As of the

​

​

​

​

​

​

​

Foreign

​

​

​

​

​

​

beginning

​

​

​

​

​

​

​

currency

​

​

​

As of the

Class

    

of year

    

Additions

    

Reclassifications

    

Disposals

    

translation

    

Revaluation

    

end of year

Office equipment

​

629,119

​

42,658

​

—

​

—

​

(91,895)

​

—

​

579,882

Vehicles

​

3,604,537

​

248,800

​

(264,069)

​

(139,369)

​

(472,357)

​

—

​

2,977,542

Equipment and computer software

​

955,657

​

27,961

​

(375,242)

​

—

​

(142,697)

​

—

​

465,679

Fixtures and fittings

​

6,438,430

​

14,985

​

20,801

​

—

​

(993,785)

​

—

​

5,480,431

Machinery and equipment

 

10,233,501

 

556,693

 

(598,561)

 

—

 

(1,136,932)

 

—

 

9,054,701

Land and buildings

 

34,530,114

 

3,261

 

36,487

 

—

 

(4,772,065)

 

4,900,821

 

34,698,618

Buildings in progress

 

668,614

 

752,339

 

(57,288)

 

—

 

(93,126)

 

—

 

1,270,539

Total

 

57,059,972

 

1,646,697

 

(1,237,872)

 

(139,369)

 

(7,702,857)

 

4,900,821

 

54,527,392

Gross carrying amount as of June 30, 2019 is as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Gross carrying amount

​

​

​

​

Adjustment 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

of opening

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

net book

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As of the

​

amount for

​

​

​

​

​

​

​

Foreign

​

​

​

​

​

​

beginning

​

application

​

​

​

​

​

​

​

currency

​

​

​

As of the

Class

    

of year

    

of IAS 29

    

Additions

    

Transfers

    

Disposals

    

translation

    

Revaluation

    

end of year

Office equipment

​

243,948

​

333,904

​

30,621

​

—

​

(8,493)

​

29,139

​

—

​

629,119

Vehicles

​

1,660,294

​

1,054,631

​

1,093,749

​

—

​

(297,269)

​

93,132

​

—

​

3,604,537

Equipment and computer software

​

419,638

​

416,274

​

75,152

​

—

​

(1,685)

​

46,278

​

—

​

955,657

Fixtures and fittings

​

3,826,665

​

1,909,115

​

7,518

​

213,333

​

—

​

481,799

​

—

​

6,438,430

Machinery and equipment

 

5,404,029

 

3,976,720

 

98,034

 

7,863

 

(31,407)

 

778,262

 

—

 

10,233,501

Land and buildings

 

33,026,981

 

1,438,728

 

125,930

 

—

 

—

 

1,994,906

 

(2,056,431)

 

34,530,114

Buildings in progress

 

182,839

 

75,405

 

613,098

 

(221,196)

 

—

 

18,468

 

—

 

668,614

Total

 

44,764,394

 

9,204,777

 

2,044,102

 

—

 

(338,854)

 

3,441,984

 

(2,056,431)

 

57,059,972

Schedule of accumulated depreciation Accumulated depreciation as of June 30, 2021 is as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Depreciation

​

​

Accumulated 

​

​

​

​

​

​

​

​

​

​

​

​

as of the 

​

​

​

​

​

Foreign 

​

​

​

Accumulated 

​

​

beginning of 

​

​

​

​

​

currency 

​

​

​

as of the end 

Class

    

year

    

Disposals

    

Of the year

    

translation

    

Revaluation

    

of year

Office equipment

 

391,602

 

(3,265)

 

45,174

 

40,394

 

—

 

473,905

Vehicles

 

1,828,087

 

(974,102)

 

689,273

 

133,325

 

—

 

1,676,583

Equipment and computer software

 

433,231

 

—

 

50,949

 

40,841

 

—

 

525,021

Fixtures and fittings

 

1,801,356

 

—

 

683,537

 

185,619

 

—

 

2,670,512

Machinery and equipment

 

3,605,468

 

(10,239)

 

898,522

 

368,332

 

—

 

4,862,083

Land and buildings

 

4,952,542

 

—

 

681,084

 

517,991

 

(339,915)

 

5,811,702

Total

 

13,012,286

 

(987,606)

 

3,048,539

 

1,286,502

 

(339,915)

 

16,019,806

Accumulated depreciation as of June 30, 2020 is as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Depreciation

​

​

Accumulated

​

​

​

​

​

​

​

​

​

​

​

​

as of the

​

​

​

​

​

Foreign

​

​

​

Accumulated

​

​

beginning of

​

Disposals/

​

​

​

currency

​

​

​

as of the end of

Class

    

year

    

Reclassifications

    

Of the year

    

 translation

    

Revaluation

    

year

Office equipment

​

415,682

​

—

​

35,879

​

(59,959)

​

—

​

391,602

Vehicles

​

1,818,836

​

(173,482)

​

426,623

​

(243,890)

​

—

​

1,828,087

Equipment and computer software

​

832,185

​

(307,816)

​

28,170

​

(119,308)

​

—

​

433,231

Fixtures and fittings

​

1,701,034

​

—

​

338,092

​

(237,770)

​

—

​

1,801,356

Machinery and equipment

 

3,896,810

 

(279,322)

 

553,399

 

(565,419)

 

—

 

3,605,468

Land and buildings

 

4,560,877

 

—

 

627,973

 

(604,216)

 

367,908

 

4,952,542

Total

 

13,225,424

 

(760,620)

 

2,010,136

 

(1,830,562)

 

367,908

 

13,012,286

Accumulated depreciation as of June 30, 2019 is as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Depreciation

​

​

​

​

Adjustments of

​

​

​

​

​

​

​

​

​

​

​

​

Accumulated

​

opening net

​

​

​

​

​

​

​

​

​

​

​

​

as of the

​

book amount

​

​

​

​

​

Foreign

​

​

​

Accumulated

​

​

beginning of

​

for application

​

​

​

Of the

​

currency

​

​

​

as of the end of

Class

    

year

    

of IAS 29

    

Disposals

    

year

    

 translation

    

Revaluation

    

year

Office equipment

​

49,129

​

309,339

​

(4,007)

​

39,997

​

21,224

​

—

​

415,682

Vehicles

​

560,691

​

750,195

​

(205,618)

​

621,974

​

91,594

​

—

​

1,818,836

Equipment and computer software

​

207,402

​

486,143

​

(769)

​

99,350

​

40,059

​

—

​

832,185

Fixtures and fittings

 

318,582

​

912,404

​

—

​

397,989

​

72,059

​

—

​

1,701,034

Machinery and equipment

 

937,736

 

2,121,816

 

(16,807)

 

673,784

​

180,281

 

—

 

3,896,810

Land and buildings

 

2,513,708

 

1,343,500

 

—

 

617,162

​

221,428

 

(134,921)

 

4,560,877

Total

 

4,587,248

 

5,923,397

 

(227,201)

 

2,450,256

​

626,645

 

(134,921)

 

13,225,424

Schedule of carrying amounts if recognized under cost model

​

​

​

​

​

​

​

​

​

​

Value at cost

Class of property

    

06/30/2021

    

06/30/2020

    

06/30/2019

Land and buildings

 

17,937,729

 

12,549,876

 

14,330,892

Schedule of intangible assets

​

​

​

​

​

​

​

​

​

    

06/30/2021

    

06/30/2020

    

06/30/2019

Gross carrying amount

 

78,019,203

 

42,832,837

 

45,848,737

Accumulated amortization

 

(10,676,841)

 

(7,499,373)

 

(6,232,311)

Net carrying amount

 

67,342,362

 

35,333,464

 

39,616,426

Schedule of net carrying amount of each class of intangibles

​

​

​

​

​

​

​

​

​

​

Net carrying

​

Net carrying

​

Net carrying

​

​

amount

​

amount

​

amount

Class

    

06/30/2021

    

06/30/2020

    

06/30/2019

Seed and integrated products

 

  

 

  

 

  

HB4 soy and breeding program

 

27,611,142

 

7,345,923

 

6,120,336

Integrated seed products

 

2,558,220

 

2,296,955

 

2,627,946

Crop nutrition

 

​

 

​

 

​

Microbiological products

 

3,996,657

 

2,503,631

 

2,208,117

Other intangible assets

 

​

 

​

 

  

Trademarks and patents

 

6,923,256

 

6,374,782

 

8,063,648

Software

 

1,849,041

 

686,965

 

994,723

Customer loyalty

 

19,404,046

 

16,125,208

 

19,601,656

RG/RS/OX Wheat

​

5,000,000

​

—

​

—

Total

 

67,342,362

 

35,333,464

 

39,616,426

Schedule of gross carrying amounts of intangibles Gross carrying amount as of June 30, 2021 is as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Gross carrying amount

​

​

​

​

​

​

Additions

​

​

​

​

​

​

​

​

As of the

​

​

​

from

​

​

​

Foreign

​

​

​

​

beginning of

​

​

​

business

​

Transfers /

​

currency

​

As of the 

Class

    

year

    

Additions

    

combination

    

Disposals

    

translation

    

end of year

Seed and integrated products

​

  

​

  

​

  

​

  

​

  

​

  

HB4 soy and breeding program (1)

​

7,345,923

​

20,471,002

​

—

​

(205,783)

​

—

​

27,611,142

Integrated seed products

​

2,296,955

​

—

​

—

​

—

​

261,265

​

2,558,220

Crop nutrition

 

  

 

  

 

  

 

  

 

  

 

  

Microbiological products

 

3,867,593

 

1,791,008

 

—

 

(51,716)

 

430,795

 

6,037,680

Other intangible assets

 

  

 

  

 

  

 

  

 

  

 

  

Trademarks and patents

 

8,432,746

 

4,834

 

499,329

 

—

 

887,262

 

9,824,171

Software

 

2,088,929

 

2,205,796

 

—

 

(711,441)

 

201,309

 

3,784,593

Customer loyalty

 

18,800,691

 

—

 

2,424,568

 

—

 

1,978,138

 

23,203,397

GLA/ARA safflower (Note 6)

 

—

 

2,931,699

 

—

 

(2,931,699)

 

—

 

—

RG/RS/OX Wheat (Note 6)

 

—

 

5,000,000

 

—

 

—

 

—

 

5,000,000

Total

 

42,832,837

 

32,404,339

 

2,923,897

 

(3,900,639)

 

3,758,769

 

78,019,203

​

(1) Of the total additions, $18.4 million are associated with Arcadia’s transaction mentioned in Note 6.

Gross carrying amount as of June 30, 2020 is as follows:

​

op

​

​

​

​

​

​

​

​

​

​

​

​

Gross carrying amount

​

​

​

​

​

​

​

​

​

​

​

​

​

As of the

​

​

​

​

​

Foreign

​

​

​

​

beginning of

​

​

​

​

​

currency

​

As of the

Class

    

year

    

Additions

    

Disposals

    

translation

    

end of year

Seed and integrated products

​

​

​

​

​

​

​

​

​

​

HB4 soy and breeding program

​

6,120,336

​

1,225,587

​

—

​

—

​

7,345,923

Integrated seed products

​

2,627,946

​

38,143

​

—

​

(369,134)

​

2,296,955

Crop nutrition

​

​

​

​

​

​

​

​

​

​

Microbiological products

 

3,267,200

 

1,358,315

 

(286,496)

 

(471,426)

 

3,867,593

Other intangible assets

 

​

 

​

 

​

 

​

 

​

Trademarks and patents

 

9,810,822

 

—

 

—

 

(1,378,076)

 

8,432,746

Software

 

2,149,340

 

233,434

 

—

 

(293,845)

 

2,088,929

Customer loyalty

 

21,873,093

 

—

 

—

 

(3,072,402)

 

18,800,691

Total

 

45,848,737

 

2,855,479

 

(286,496)

 

(5,584,883)

 

42,832,837

Gross carrying amount as of June 30, 2019 is as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Gross carrying amount

​

​

​

​

Adjustment

​

​

​

​

​

​

​

​

​

​

​

​

of opening

​

​

​

​

​

​

​

​

​

​

​

​

net book

​

​

​

​

​

​

​

​

​

​

As of the

​

amount for

​

​

​

​

​

Foreign

​

​

​

​

beginning of

​

application

​

​

​

​

​

currency

​

As of the

Class

    

year

    

of IAS 29

    

Additions

    

Disposals

    

translation

    

end of year

Seed and integrated products

​

​

​

​

​

​

​

​

​

​

​

​

Soybean HB4

​

4,927,853

​

—

​

1,192,483

​

—

​

—

​

6,120,336

Integrated seed products

​

—

​

—

​

2,627,946

​

—

​

—

​

2,627,946

Crop nutrition

​

  

​

  

​

  

​

  

​

  

​

  

Microbiology products

 

2,505,864

 

841,753

 

41,485

 

(318,949)

 

197,047

 

3,267,200

Other intangible assets

 

  

 

  

 

  

 

  

 

  

 

  

Trademarks and patents

 

6,278,706

 

2,986,739

 

—

 

—

 

545,377

 

9,810,822

Software

 

1,444,603

 

438,703

 

200,600

 

(40,359)

 

105,793

 

2,149,340

Customer loyalty

 

13,998,289

 

6,658,894

 

—

 

—

 

1,215,910

 

21,873,093

Total

 

29,155,315

 

10,926,089

 

4,062,514

 

(359,308)

 

2,064,127

 

45,848,737

Schedule of accumulated amortization of intangibles Accumulated amortization as of June 30, 2021 is as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Amortization

​

​

Accumulated

​

​

​

​

​

​

​

​

​

​

as of

​

​

​

​

​

​

​

Accumulated

​

​

beginning of

​

​

​

Transfers /

​

Foreign currency

​

as of the end

Class

    

year

    

Of the year

    

Disposals

    

translation

    

of year

Crop nutrition

​

  

​

  

​

  

​

  

​

  

Microbiological products

​

1,363,962

​

523,992

​

—

​

153,069

​

2,041,023

Other intangible assets

​

  

​

  

​

  

​

  

​

  

Trademarks and patents

 

2,057,964

 

626,420

 

—

 

216,531

 

2,900,915

Software

 

1,401,964

 

396,207

 

—

 

137,381

 

1,935,552

Customer loyalty

 

2,675,483

 

842,363

 

—

 

281,505

 

3,799,351

Total

 

7,499,373

 

2,388,982

 

—

 

788,486

 

10,676,841

Accumulated amortization as of June 30, 2020 is as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Amortization

​

​

Accumulated

​

​

​

​

​

​

​

​

​

​

as of 

​

​

​

​

​

Foreign

​

Accumulated

​

​

 beginning of

​

​

​

​

​

currency

​

as of the end of

Class

    

year

    

Of the period

    

Disposals

    

translation

    

year

Crop nutrition

​

  

​

  

​

  

​

  

​

  

Microbiological products

​

1,059,083

​

471,135

​

(17,495)

​

(148,761)

​

1,363,962

Other intangible assets

​

​

​

​

​

​

​

​

​

​

Trademarks and patents

​

1,747,174

​

556,206

​

—

​

(245,416)

​

2,057,964

Software

 

1,154,617

 

399,090

 

—

 

(151,743)

 

1,401,964

Customer loyalty

 

2,271,437

 

723,103

 

—

 

(319,057)

 

2,675,483

Total

 

6,232,311

 

2,149,534

 

(17,495)

 

(864,977)

 

7,499,373

Accumulated amortization as of June 30, 2019, is as follows

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Amortization

​

​

​

​

Adjustment

​

​

​

​

​

​

​

​

​

​

​

​

of opening

​

​

​

​

​

​

​

​

​

​

Accumulated

​

net book

​

​

​

​

​

​

​

​

​

​

as of 

​

amount for

​

​

​

​

​

Foreign

​

Accumulated

​

​

 beginning of

​

application

​

​

​

​

​

currency

​

as of the end of

Class

    

year

    

of IAS 29

    

Disposals

    

Of the year

    

translation

    

year

Crop nutrition

 

  

​

  

​

  

​

  

​

  

​

  

Microbiology products

 

383,380

​

202,791

​

(20,887)

​

459,287

​

34,512

​

1,059,083

Other intangible assets

 

  

​

  

​

  

​

  

​

  

​

  

Trademarks and patents

 

704,024

​

334,919

​

—

​

647,101

​

61,130

​

1,747,174

Software

 

495,293

 

227,264

 

(40,359)

 

429,258

 

43,161

 

1,154,617

Customer loyalty

 

915,273

 

435,389

 

—

 

841,273

 

79,502

 

2,271,437

Total

 

2,497,970

 

1,200,363

 

(61,246)

 

2,376,919

 

218,305

 

6,232,311

Schedule of carrying amount of goodwill

​

​

​

​

​

​

​

​

​

    

06/30/2021

    

06/30/2020

    

06/30/2019

Rizobacter Argentina S.A.

 

22,277,336

 

20,094,633

 

23,484,761

Bioceres Crops S.A.

 

6,003,780

 

5,432,222

 

6,319,954

Insumos Agroquímicos S.A.

​

470,090

​

—

​

—

​

 

28,751,206

 

25,526,855

 

29,804,715

Schedule of key assumptions for goodwill

​

Key assumption

    

Management’s approach

Discount rate

​

The discount rate used ranges was 15.55% for Rizobacter and Bioceres Crops and 22% for Insuagro.

The weighted average cost of capital ("WACC") rate has been estimated based on the market capital structure. For the cost of debt, the indebtedness cost of the CGUs was used.

For the cost of equity, the discount rate is estimated based on the Capital Asset Pricing Model (CAPM).

The value assigned is consistent with external sources of information.

Budgeted market share of joint ventures and other customers

​

The projected revenue from the products and services of the CGUs has been estimated by the management based on market penetration data for comparable products and technologies and on future expectations of foreseen economic and market conditions.

The value assigned is consistent with external sources of information.

Budgeted product prices

​

The prices estimated in the revenue projections are based on current and projected market prices for the products and services of the CGUs

The value assigned is consistent with external sources of information.

Growth rate used to extrapolate future cash flow projections to terminal period

​

The growth rate used to extrapolate the future cash flow projections to terminal period is 2%.

The value assigned is consistent with external sources of information.

Schedule of trade and other payable

​

​

​

​

​

​

​

​

​

    

06/30/2021

    

06/30/2020

    

06/30/2019

Current

​

​

​

​

​

​

Trade creditors

 

51,389,515

 

37,139,351

 

30,489,072

Shareholders and other related parties (Note 17)

 

52,864

 

1,031,710

 

1,796,932

Trade creditors - Parent company (Note 17)

 

193,718

 

2,210,308

 

1,568,036

Trade creditors - Joint ventures and associates (Note 17)

 

17,669,027

 

14,409,853

 

4,805,149

Taxes

 

2,556,945

 

2,163,552

 

1,475,410

Miscellaneous

 

229,339

 

335,088

 

443,895

​

 

72,091,408

 

57,289,862

 

40,578,494

Schedule of borrowings

​

​

​

​

​

​

​

​

​

    

06/30/2021

    

06/30/2020

    

06/30/2019

Current

​

​

​

​

​

​

Bank overdrafts

 

32,838

 

73,362

 

—

Bank borrowings

 

33,684,287

 

47,646,912

 

52,274,611

Corporate bonds

 

24,742,752

 

12,611,940

 

8,416,768

Trust debt securities

 

3,470,448

 

—

 

—

Net loans payables-Parents companies and related parties to Parents (Note 17)

 

3,578,921

 

3,389,521

 

5,399,883

Subordinated loan

​

11,276,611

​

—

​

—

Finance lease

 

—

 

—

 

385,947

​

 

76,785,857

 

63,721,735

 

66,477,209

Non-current

 

​

 

​

 

​

Subordinated loan

​

—

​

10,364,045

​

—

Bank borrowings

 

4,161,827

 

3,497,671

 

16,239,743

Corporate bonds

 

37,826,641

 

18,364,894

 

8,018,884

Net loans payables-Parents companies and related parties to Parents (Note 17)

 

6,000,000

 

9,000,000

 

12,358,024

Finance lease

 

—

 

—

 

462,870

​

 

47,988,468

 

41,226,610

 

37,079,521

Schedule of carrying value of borrowings

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

06/30/2021

​

06/30/2020

​

06/30/2019

​

​

Amortized

​

​

​

Amortized

​

​

​

Amortized

​

​

​

    

cost

    

Fair value

    

cost

    

Fair value

    

cost

    

Fair value

Current

​

​

​

​

​

​

​

​

​

​

​

​

Bank borrowings

 

33,684,287

 

32,770,615

 

47,646,912

 

43,046,111

 

52,274,611

 

52,088,002

Corporate bonds

 

24,742,752

 

24,085,087

 

12,611,940

 

11,997,981

 

8,416,768

 

7,632,806

​

​

​

​

​

​

​

​

​

​

​

​

​

Non-current

 

  

 

  

 

  

 

  

 

  

 

  

Bank borrowings

 

4,161,827

 

3,864,666

 

3,497,671

 

3,072,395

 

16,239,743

 

14,274.55

Corporate bonds

 

37,826,641

 

32,656,097

 

18,364,894

 

16,135,876

 

8,018,884

 

6,972,332

Schedule of financial instruments that are offset

As of June 30, 2021 and 2020, there was no offsets of financial assets and liabilities of the Parents.

​

​

​

​

​

​

​

​

​

    

​

    

Gross amounts set off

    

Net amounts presented

​

​

​

​

in the Statement of

​

in the Statement of

Parents companies and related parties to Parents

​

Gross amounts

​

Financial Position

​

Financial Position

Current other receivables

 

15,827,847

 

(15,827,847)

 

—

Total current assets

 

15,827,847

 

(15,827,847)

 

—

Current borrowings

 

(21,227,730)

 

15,827,847

 

(5,399,883)

Total current liabilities

 

(21,227,730)

 

15,827,847

 

(5,399,883)

Non-current borrowings

​

(12,358,024)

​

—

​

(12,358,024)

Total non-current liabilities

​

(12,358,024)

​

—

​

(12,358,024)

Schedule of employee benefits and social security

​

​

​

​

​

​

​

​

​

    

06/30/2021

    

06/30/2020

    

06/30/2019

Current

​

​

​

​

​

​

Salaries, accrued incentives, vacations and social security

 

2,341,351

 

2,960,542

 

3,044,965

Key management personnel (Note 17)

 

2,338,727

 

1,550,050

 

2,312,253

​

 

4,680,078

 

4,510,592

 

5,357,218

​

​

​

​

​

​

​

Non-current

​

​

​

​

​

​

Key management personnel (Note 17)

​

—

​

534,038

​

—

​

​

—

​

534,038

​

—

Schedule of deferred revenue and advances from customers

​

​

​

​

​

​

​

​

​

    

06/30/2021

    

06/30/2020

    

06/30/2019

Advances from customers

 

6,277,313

 

2,865,437

 

1,074,463

​

 

6,277,313

 

2,865,437

 

1,074,463

Schedule of government grants rollforward

​

​

​

​

​

​

​

​

​

    

06/30/2021

    

06/30/2020

    

06/30/2019

At of the beginning of the year

 

3,605

 

10,208

 

33,227

Adjustment of opening net book amount for application of IAS 29

 

—

 

—

 

(27,794)

Received during the year

 

4,749

 

32,073

 

31,785

Currency conversion difference

 

(5,268)

 

(13,944)

 

(10,638)

Released to the statement of profit or loss

 

(2,302)

 

(24,732)

 

(16,372)

At the end of the year

 

784

 

3,605

 

10,208

Schedule of provisions

​

​

​

​

​

​

​

​

​

    

06/30/2021

    

06/30/2020

    

06/30/2019

Provisions for contingencies

 

449,847

 

417,396

 

439,740

​

 

449,847

 

417,396

 

439,740

Schedule of private placements

​

​

​

​

​

​

​

​

​

    

06/30/2021

    

06/30/2020

    

06/30/2019

Private warrants

 

—

 

1,686,643

 

2,861,511

​

 

—

 

1,686,643

 

2,861,511

Schedule of changes in allowances and provisions

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Additions

​

​

​

Currency

​

​

​

​

​

​

​

​

from business

​

Uses and

​

conversion

​

​

Item

    

06/30/2020

    

Additions

    

combination

    

reversals

    

difference

    

06/30/2021

DEDUCTED FROM ASSETS

 

  

 

  

 

  

 

  

 

  

 

  

​

 

  

 

  

 

  

 

  

 

  

 

  

Allowance for impairment of trade debtors

 

(3,886,832)

 

(698,741)

 

(852,926)

 

284,727

 

(704,731)

 

(5,858,503)

Allowance for impairment of related parties

 

(768)

 

—

 

​

 

565

 

203

 

—

Allowance for obsolescence

 

(1,107,870)

 

(643,530)

 

(8,850)

 

474,945

 

172,355

 

(1,112,950)

​

 

​

 

​

 

​

 

​

 

​

 

​

Total deducted from assets

 

(4,995,470)

 

(1,342,271)

 

(861,776)

 

760,237

 

(532,173)

 

(6,971,453)

​

 

​

 

​

 

​

 

​

 

​

 

​

INCLUDED IN LIABILITIES

 

​

 

​

 

​

 

​

 

​

 

​

​

 

​

 

​

 

​

 

​

 

​

 

​

Provisions for contingencies

 

(417,396)

 

(162,321)

 

—

 

3,503

 

126,367

 

(449,847)

​

 

​

 

​

 

​

 

​

 

​

 

​

Total included in liabilities

 

(417,396)

 

(162,321)

 

—

 

3,503

 

126,367

 

(449,847)

​

 

​

 

​

 

​

 

​

 

​

 

​

Total

 

(5,412,866)

 

(1,504,592)

 

(861,776)

 

763,740

 

(405,806)

 

(7,421,300)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Currency

​

​

​

​

​

​

​

​

Uses and

​

conversion

​

​

Item

    

06/30/2019

    

Additions

    

reversals

    

difference

    

06/30/2020

DEDUCTED FROM ASSETS

 

  

 

  

 

  

 

  

 

  

​

 

  

 

  

 

  

 

  

 

  

Allowance for impairment of trade debtors

 

(3,360,224)

 

(1,520,928)

 

2,115

 

992,205

 

(3,886,832)

Allowance for impairment of related parties

 

(75,596)

 

(879)

 

45,516

 

30,191

 

(768)

Allowance for obsolescence

 

(406,818)

 

(984,207)

 

6,390

 

276,765

 

(1,107,870)

​

 

​

 

​

 

​

 

​

 

​

Total deducted from assets

 

(3,842,638)

 

(2,506,014)

 

54,021

 

1,299,161

 

(4,995,470)

​

 

​

 

​

 

​

 

​

 

​

INCLUDED IN LIABILITIES

 

​

 

​

 

​

 

​

 

​

​

 

​

 

​

 

​

 

​

 

​

Provisions for contingencies

 

(439,740)

 

(208,377)

 

7,852

 

222,869

 

(417,396)

​

 

​

 

​

 

​

 

​

 

​

Total included in liabilities

 

(439,740)

 

(208,377)

 

7,852

 

222,869

 

(417,396)

​

 

​

 

​

 

​

 

​

 

​

Total

 

(4,282,378)

 

(2,714,391)

 

61,873

 

1,522,030

 

(5,412,866)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Currency

​

​

​

​

​

​

​

​

Uses and

​

​

​

conversion

​

​

Item

    

06/30/2018

    

Additions

    

reversals

    

IAS 29

    

difference

    

06/30/2019

DEDUCTED FROM ASSETS

 

  

 

  

 

  

 

  

 

  

 

  

​

 

  

 

  

 

  

 

  

 

  

 

  

Allowance for impairment of trade debtors

 

(3,212,170)

 

(654,991)

 

87,916

 

1,220,652

 

(801,631)

 

(3,360,224)

Allowance for impairment of related parties

 

(23,126)

 

(80,913)

 

12,408

 

17,396

 

(1,361)

 

(75,596)

Allowance for obsolescence

 

(770,742)

 

(736,372)

 

615,467

 

273,252

 

211,577

 

(406,818)

​

 

​

 

​

 

​

 

​

 

​

 

​

Total deducted from assets

 

(4,006,038)

 

(1,472,276)

 

715,791

 

1,511,300

 

(591,415)

 

(3,842,638)

​

 

​

 

​

 

​

 

​

 

​

 

​

INCLUDED IN LIABILITIES

 

​

 

​

 

​

 

​

 

​

 

​

​

 

​

 

​

 

​

 

​

 

​

 

​

Provisions for contingencies

 

(845,486)

 

(74,109)

 

320,941

 

353,257

 

(194,343)

 

(439,740)

​

 

​

 

​

 

​

 

​

 

​

 

​

Total included in liabilities

 

(845,486)

 

(74,109)

 

320,941

 

353,257

 

(194,343)

 

(439,740)

​

 

​

 

​

 

​

 

​

 

​

 

​

Total

 

(4,851,524)

 

(1,546,385)

 

1,036,732

 

1,864,557

 

(785,758)

 

(4,282,378)