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Leases | 12 Months Ended
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Jun. 30, 2021
22. Leases | 22. Leases The Group as lessee In the ordinary course of business, the Group leases property or spaces for administrative or commercial use both in Argentina and Israel. The agreements entered into include several clauses, including but not limited, to fixed, variable or adjustable payments. Some leases were agreed upon with related parties (Note 30). The future minimum payments that the Group must pay under leases are as follows:
|  | June 30, 2021 |  |  | June 30, 2020 |  |  | June 30, 2019 |
No later than one year |  |  | - |  |  |  | 3,467 |  |  |  | 13,012 |
Later than one year and not later than five years |  |  | - |  |  |  | 7,910 |  |  |  | 20,294 |
Later than five years |  |  | - |  |  |  | 3,602 |  |  |  | 1,355 |
|  |  | - |  |  |  | 14,979 |  |  |  | 34,661 |
The Group as lessor Leases: In the Shopping Malls segment and Offices segment, the Group enters into operating lease agreements typical in the business. Given the diversity of properties and lessees, and the various economic and regulatory jurisdictions where the Group operates, the agreements may adopt different forms, such as fixed, variable, adjustable leases, etc. For example, operating lease agreements with lessees of Shopping Malls generally include escalation clauses and contingent payments. Income from leases are recorded in the Statement of Income under rental and service income in all of the filed fiscal years. Rental properties are considered to be investment property. Book value is included in Note 9. The future minimum proceeds under non-cancellable operating leases from Group’s shopping malls, offices and other buildings are as follows:
|  | June 30, 2021 |  |  | June 30, 2020 |  |  | June 30, 2019 |
No later than one year |  |  | 4,023 |  |  |  | 1,095 |  |  |  | 19,850 |
Later than one year and not later than five years |  |  | 8,059 |  |  |  | 31,063 |  |  |  | 44,656 |
Later than five years |  |  | 2,266 |  |  |  | 14,574 |  |  |  | 32,083 |
|  |  | 14,348 |  |  |  | 46,732 |  |  |  | 96,589 |

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- Definition The entire disclosure for leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2020-01-01 -Section Presentation -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2020-en-r&doctype=Standard&dita_xref=IFRS16_g47-50_TI -URIDate 2020-01-01 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2020-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2020-en-r&doctype=Standard&dita_xref=IFRS16_g51-60_TI -URIDate 2020-01-01 + Details
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