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Investment properties (Tables)
12 Months Ended
Jun. 30, 2021
Schedule of recognized in the Statements of Income

 

 

06.30.2021

 

 

06.30.2020

 

 

06.30.2019

 

Rental and services income

 

 

11,034

 

 

 

17,131

 

 

 

21,937

 

Direct operating expenses

 

 

(4,430)

 

 

(12,141)

 

 

(12,156)

Development reimbursements / (expenses)

 

 

114

 

 

 

169

 

 

 

(131)

Net realized gain from fair value adjustment of investment properties (i) (ii)

 

 

10,821

 

 

 

1,703

 

 

 

-

 

Net unrealized (loss) / gain from fair value adjustment of investment properties

 

 

(18,591)

 

 

48,961

 

 

 

(58,231)
Schedule of fair value measurements of investment properties

 

 

 

 

 

 

 

 

06.30.21 (i)

 

 

06.30.20 (i)

 

 

06.30.19 (i)

 

Description

 

Valuation technique

 

Parameters

 

Range fiscal year 2021 / 2019

 

Increase

 

 

Decrease

 

 

Increase

 

 

Decrease

 

 

Increase

 

 

Decrease

 

Shopping Malls in Argentina (Level 3)

 

 

 

 

Discounted

cash flows

 

 

 

 

Discount rate

 

13.53% / 12.10%

 

 

(3,840)

 

 

4,589

 

 

 

(6,387)

 

 

7,821

 

 

 

(4,906)

 

 

6,118

 

 

 

Growth rate

 

2.4% / 3.0%

 

 

1,759

 

 

 

(1,472)

 

 

3,045

 

 

 

(2,486)

 

 

2,307

 

 

 

(1,850)

 

 

Inflation

 

(*)

 

 

8,171

 

 

 

(6,740)

 

 

13,296

 

 

 

(10,938)

 

 

4,296

 

 

 

(3,932)

 

 

Devaluation

 

(*)

 

 

(4,357)

 

 

5,325

 

 

 

(6,181)

 

 

7,555

 

 

 

(4,559)

 

 

5,571

 

Plot of land in Argentina (Level 3)

 

 

Comparable

with incidence adjustment

 

 

Value per square meter (m2)

 

ARS 47,427 /

(ARS 21,497)

 

 

3,493

 

 

 

(3,493)

 

 

3,243

 

 

 

(3,243)

 

 

2,007

 

 

 

(2,007)

 

 

% of incidence

 

30% / (30%)

 

 

11,644

 

 

 

(11,644)

 

 

10,808

 

 

 

(10,808)

 

 

6,696

 

 

 

(6,696)
Schedule of investment properties

 

 

June 30, 2021

 

 

June 30, 2020

 

 

 

Level 2

 

 

Level 3

 

 

Level 2

 

 

Level 3

 

Fair value at the beginning of the year

 

 

109,543

 

 

 

232,233

 

 

 

59,942

 

 

 

441,012

 

Adjustments previous years (IFRS 16)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

640

 

Additions

 

 

274

 

 

 

762

 

 

 

5,439

 

 

 

2,761

 

Capitalized leasing costs

 

 

13

 

 

 

9

 

 

 

6

 

 

 

24

 

Amortization of capitalized leasing costs (i)

 

 

(7)

 

 

(6)

 

 

(9)

 

 

(14)

Transfers / Reclassification to assets held for sale

 

 

(530)

 

 

-

 

 

 

6,836

 

 

 

(43,229)

Incorporation by business combination

 

 

-

 

 

 

-

 

 

 

-

 

 

 

366

 

Deconsolidation (ii)

 

 

-

 

 

 

(117,547)

 

 

(2,544)

 

 

(234,081)

Disposals

 

 

(21,426)

 

 

-

 

 

 

(2,613)

 

 

(20,145)

Currency translation adjustment

 

 

(12)

 

 

(12,356)

 

 

20

 

 

 

80,301

 

Net gain / (loss) from fair value adjustment

 

 

5,737

 

 

 

(13,535)

 

 

42,466

 

 

 

4,598

 

Fair value at the end of the year

 

 

93,592

 

 

 

89,560

 

 

 

109,543

 

 

 

232,233

 

Schedule of investment property of the Group

 

 

30.06.2021

 

 

30.06.2020

 

Rental properties

 

 

125,506

 

 

 

289,412

 

Undeveloped parcels of land

 

 

54,183

 

 

 

41,356

 

Properties under development

 

 

3,463

 

 

 

11,008

 

TOTAL

 

 

183,152

 

 

 

341,776