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Trading Properties

12 Months Ended

Jun. 30, 2021

11. Trading properties

Changes in the Group’s trading properties for the fiscal years ended June 30, 2021 and 2020 were as follows:

	Completed properties			Properties under development			Undeveloped sites			Total
At June 30, 2019		4,033			3,596			4,927			12,556
Additions		36			2,604			846			3,486
Deconsolidation		-			(233	)		-			(233	)
Currency translation adjustment		452			47			817			1,316
Transfers		1,859			(1,486	)		(50	)		323
Disposals		(3,340	)		(3,282	)		(53	)		(6,675	)
At June 30, 2020		3,040			1,246			6,487			10,773
Additions		-			408			397			805
Desconsolidation		(2,128	)		(142	)		(5,420	)		(7,690	)
Currency translation adjustment		(195	)		(126	)		(373	)		(694	)
Transfers		194			(194	)		-			-
Disposals		(790	)		(390	)		(256	)		(1,436	)
At June 30, 2021		121			802			835			1,758

	June 30, 2021		June 30, 2020
Non-current		1,644		7,294
Current		114		3,479
Total		1,758		10,773

(i)

Includes Zetol and Vista al Muelle plots of land, which have been mortgaged to secure Group’s borrowings. The net book value amounted to ARS 801 and ARS 865 as of June 30, 2021 and 2020, respectively. Additionally, the Group has contractual obligations not provisioned related to these plots of lands committed when certain properties were acquired or real estate projects were approved, and amount to ARS 906 andARS 1,039, respectively. During 2021, infrastructure works have been started in the a and b sector and it is estimated to be complete by the end of 2021 and the beginning of 2022, together with the delivery of the units built in tower 1 by the barterer, this allows us to give better access to the area that will help advance the development that is taking place in the area.