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Investment properties (Tables)
 12 Months Ended
Jun. 30, 2020
Investment Properties [Abstract]  
Schedule of investment properties

   June 30, 2020   June 30, 2019 
   Level 2   Level 3   Level 2   Level 3 
Fair value at the beginning of the year   43,925    289,600    36,378    325,558 
Adjustments previous periods (IFRS 16)   -    426    -    - 
Additions   3,540    1,838    5,165    6,446 
Activation of financial costs   81    -    217    16 
Capitalized leasing costs   4    16    11    4 
Amortization of capitalized leasing costs (i)   (6)   (9)   (9)   (13)
Transfers / Reclassification to assets held for sale   4,551    (28,781)   (696)   1,129 
Incorporation by business combination   -    244    -    - 
Deconsolidation (ii)   (1,694)   (155,846)   -    - 
Disposals   (1,740)   (13,412)   (71)   (3,676)
Currency translation adjustment   14    53,462    (66)   (2,981)
Net (loss)/ gain from fair value adjustment   28,273    3,061    2,996    (36,883)
Fair value at the end of the year   76,948    150,599    43,925    289,600 

 

(i) Amortization charges of capitalized leasing costs were included in "Costs" in the Statements of Income (Note 23).

(ii) $ 1,694 corresponds to La Maltería and $ 155,846 to Gav-Yam
Schedule of investment property of the Group

   06.30.2020   06.30.2019 
Rental properties   192,684    298,702 
Undeveloped parcels of land   27,534    28,507 
Properties under development   7,329    6,316 
TOTAL   227,547    333,525 
Schedule of recognized in the Statements of Income

   06.30.2020   06.30.2019   06.30.2019 
Rental and services income   19,560    22,689    21,631 
Direct operating expenses   (8,702)   (8,094)   (7,685)
Development reimbursements / (expenses)   121    (87)   (4,133)
Net realized gain from fair value adjustment of investment properties (i)   1,080    901    542 
Net unrealized gain from fair value adjustment of investment properties   30,130    (38,778)   18,633 

 

(i) As of June 30, 2020, $ 468 corresponds to the result realized in previous years. As of June 30, 2018, $ 15 corresponds to results realized in previous years.
Schedule of fair value measurements of investment properties

            Sensitivity (i)             
            06.30.20       06.30.19     
Description  Valuation technique  Parameters  Range fiscal year 2019 / (2018)  Increase   Decrease   Increase   Decrease 
                          
Rental properties in Israel - Offices (Level 3)  Discounted cash flows  Discount rate  7.50% to 9.75% /   (406)   539           
         (7.00% to 9.00% )             (3,816)   4,353 
      Weighted average rental value per square meter (m2) per month, in NIS  NIS 77 / (NIS 63)/   366    (366)          
                       6,713    (6,713)
                              
Rental properties in Israel - Commercial use (Level 3)  Discounted cash flows  Discount rate  7.50% to 7.80% /   -198    261           
         (7.00% to 9.00%)             (1,931)   2,207 
      Weighted average rental value per square meter (m2) per month, in NIS  NIS 41 / (NIS 87)   165    (165)          
                       3,047    (3,047)
                              
Rental properties in Israel - Industrial use (Level 3)  Discounted cash flows  Discount rate  N/A   N/A    N/A           
         (7.75% to 9.00%)             (717)   815 
      Weighted average rental value per square meter (m2) per month, in NIS  N/A / (NIS 31)   N/A    N/A           
                       1,731    (1,731)
                              
Rental properties in USA - HSBC Building (Level 3)  Discounted cash flows  Discount rate  4.75% / (6.25%)   (6,059)   7,507    (2,181)   2,31 
      Weighted average rental value per square meter (m2) per month, in US$  US$ 79 / (US$ 73)   6,284    (6,284)          
                       4,772    (4,772)
                              
Rental properties in USA - Las Vegas project (Level 3)  Discounted cash flows  Discount rate  6.50% / (8.50%)   (1,792)   2,512    (467)   493 
      Weighted average rental value per square meter (m2) per month, in US$  US$ 25 / (US$ 33)   (1,307)   1,307           
                       586    (586)
                              
Shopping Malls in Argentina (Level 3)  Discounted cash flows  Discount rate  12.18% / (12.10%)   (4,252)   5,207    (4,668)   5,821 
      Growth rate  2.3% / (3%)   2,027    -1,655    2,195    (1,761)
      Inflation  (*)   8,852    (7,282)   4,088    (3,742)
      Devaluation  (*)   (4,115)   5,03    (4,338)   6,237 
                              
Plot of land in Argentina (Level 3)  Comparable with incidence adjustment  Value per square meter (m2)  Ps. 30,148 / (Ps. 14,312)   2,159    (2,159)   1,336    (1,336)
      % of incidence  30% / (30%)   7,196    (7,196)   4,458    (4,458)
                              
Properties under development in Israel (Level 3)  Estimated fair value of the investment property after completing the construction  Weighted average construction cost per square meter (m2) in NIS  5,787 NIS/m2 /                    
         (5,787 NIS/m2)                    
                              
      Annual weighted average discount rate  7.00% to 9.00% /   (1,307)   1,307           
         (7.00% to 9.00%)             (918)   918 

 

(*) For the next 5 years, an average AR$ / US$ exchange rate with an upward trend was considered, starting at Ps. 59.81 (corresponding to the year ended June 30, 2020) and arriving at Ps.243.89. In the long term, a nominal devaluation rate of 2.1% calculated based on the quotient between inflation in Argentina and the United States is assumed. The considered inflation shows a downward trend, which starts at 47.9% (corresponding to the year ended June 30, 2020) and stabilizes at 23.2% after 5 years.

(i) Considering an increase or decrease of: 100 points for the discount and growth rate in Argentina, 10% for the incidence and inflation, 10% for the devaluation, 50 points for the discount rate of Israel and USA, and 1% for the value of the m2.