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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES      
(Loss) profit for the year $ (3,820,622) $ 4,236,628 $ (16,358,891)
Adjustments to reconcile profit to net cash flows      
Income tax 14,351,170 2,206,710 6,986,284
Finance results 27,852,340 32,702,642 41,458,217
Depreciation of property, plant and equipment 3,048,539 2,010,136 2,450,256
Amortization of intangible assets 2,388,982 2,149,534 2,376,919
Depreciation of leased assets 827,320 573,897  
Transactional expenses 2,022,918   4,535,247
Share-based incentive and stock options 1,655,135 3,428,029 (102,827)
Share of profit or loss of joint ventures and associates (997,429) (2,477,193) (1,012,486)
Loss of control of subsidiaries     (10,591)
Provisions for contingencies 158,818 200,525 (246,832)
Allowance for impairment of trade debtors 560,931 1,499,298 686,985
Allowance for obsolescence 579,832 977,817 564,873
Initial recognition and changes in the fair value of biological assets (2,826,255) (716,741) (279,945)
Gain or loss on sale of equipment and intangible assets 733,042 297,289 91,762
Working capital adjustments      
Trade receivables 1,986,982 (21,740,661) 41,486,766
Other receivables (8,330,278) (4,864,670) 5,768,475
Income and minimum presumed income taxes 5,814,425 1,207,046 2,777,956
Inventories and biological assets (34,503,283) (5,305,792) (8,638,798)
Trade and other payables (5,831,743) 8,267,538 (33,696,040)
Employee benefits and social security (693,125) (477,872) 931,365
Deferred revenue and advances from customers 2,412,315 843,981 66,158
Income and minimum presumed income taxes payable (1,837,775)   (1,705,481)
Government grants (2,821) (6,603) (23,019)
Interest collected 2,979,889 1,027,132  
Inflation effects on working capital adjustments (14,735,250) (16,720,191) (18,411,540)
Net cash flows (used in)/ generated by operating activities (6,205,943) 9,318,479 29,694,813
INVESTMENT ACTIVITIES      
Proceeds from sale of property, plant and equipment 309,810 51,151 317,953
Investment in joint ventures and associates (101,883)   (129,340)
Net cash received from business combination 355,804    
Proceeds from financial assets 9,324,335 5,041  
Investment in financial assets (4,275,099) (3,357,407)  
Purchase of property, plant and equipment (2,805,825) (1,646,697) (2,044,102)
Capitalized development expenditures (3,906,630) (1,263,730) (682,530)
Purchases of intangible assets (7,210,630) (1,591,749) (722,833)
Net cash flows used in investing activities (8,310,118) (7,803,391) (3,260,852)
FINANCING ACTIVITIES      
Proceeds from borrowings 143,499,367 135,348,502 88,693,632
Repayment of borrowings, financed payments and interest payments (126,023,777) (101,317,621) (111,084,915)
(Decrease) increase in bank overdrafts and other short-term borrowings (3,442,491) (2,331,974) (4,968,813)
Other financial proceeds or payments, net (1,415,034) 2,298,360 (854,731)
Reverse Recapitalization     1,268,633
Leased assets payments (728,964) (433,947)  
Warrants tender offer payments (1,030,952)    
Purchase of own shares (3,500,020) (30,906)  
Net cash flows generated by (used in) financing activities 7,358,129 33,532,414 (26,946,194)
Net (decrease) increase in cash and cash equivalents (7,157,932) 35,047,502 (512,233)
Inflation effects on cash and cash equivalents (5,584,156) (552,459) 1,681,113
Cash and cash equivalents as of beginning of the year 42,522,861 3,450,873 2,215,103
Effect of exchange rate changes on cash and equivalents 6,265,340 4,576,945 66,890
Cash and cash equivalents as of the end of the year $ 36,046,113 $ 42,522,861 $ 3,450,873