v3.23.3
Financial Debt
 12 Months Ended
Jun. 30, 2023
Financial Debt [Abstract]  
Financial debt

Note 18. Financial debt

 

   As of
June 30,
2023		   As of
June 30,
2022		 
Financial Debt denominated in Argentine Pesos   517,743    
         -
 
Financial Debt denominated in US Dollars   2,028,500    
-
 
Total Current Financial Debt  $2,546,243   $
-
 

 

The book value is reasonably approximate to the fair value given its short-term nature.

 

   As of
June 30,
2023		   As of
June 30,
2022		 
Financial Debt denominated in Argentine Pesos   99,046    
         -
 
Total Non-current Financial Debt  $99,046   $
-
 

 

The terms and conditions of outstanding loans are as follows:

 

Bank entity  Currency of
denomination		  Nominal
value
(equivalent
in USD)		   Nominal
interest
rate		    Date of
maturity		  As of
June 30,
2023		   As of
June 30,
2022		 
Banco Macro - pre-financing of exports  ARS   147,874    67% - 88 %(*)   07/17/2023-12/27/2023   173,236    
-
 
Banco Nación - pre-financing of exports  USD   28,500    2%   10/6/2023   28,635    
-
 
Banco Córdoba - pre-financing of exports  ARS   142,567    55% - 88 %(*)   01/11/2023 - 06/26/2023   156,057    
-
 
Banco Galicia - bank overdrafts  ARS   18,849    144%(*)   06/30/2023   18,849    
-
 
HSBC Bank - bank overdrafts  ARS   4,625    108%(*)   06/30/2023   4,625    
-
 
Banco Santander - bank overdrafts  ARS   41,325    161%(*)   06/30/2023   44,446    
-
 
Banco Galicia - loans  ARS   99,643    35% - 85 %(*)   08/21/2023 - 01/25/2024   33,728    
-
 
HSBC Bank - loans  ARS   19,508    64%(*)   07/27/2023   14,940    
-
 
Banco Santander - loans  ARS   119,001    50% - 57 %(*)   09/03/2026 - 03/04/2027   118,185    
-
 
Banco Macro - loans  ARS   11,705    54%(*)   7/12/2023   1,257    
-
 
Promissory notes  USD   2,000,000    0%   05/22/2024 - 06/25/2024   2,000,000    
-
 
Asociación mutual AMA – loans  ARS   42,316    53%(*)   07/10/2023 - 04/10/2024   51,331    
-
 

 

(*)Interest rates of our outstanding loans in ARS, correspond to market rates in the country of incorporation of our newly acquired subsidiary, which deems to be a hyperinflationary economy.