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Trading Properties

12 Months Ended

Jun. 30, 2022

11. Trading properties

Changes in the Group’s trading properties for the fiscal years ended June 30, 2022 and 2021 were as follows:

	Completed properties			Properties under development			Undeveloped sites			Total
At June 30, 2020		4,985			2,043			10,638			17,666
Additions		-			669			651			1,320
Deconsolidation		(3,490	)		(233	)		(8,887	)		(12,610	)
Currency translation adjustment		(320	)		(206	)		(612	)		(1,138	)
Transfers		318			(318	)		-			-
Disposals		(1,295	)		(640	)		(420	)		(2,355	)
At June 30, 2021		198			1,315			1,370			2,883
Additions		-			471			37			508
Currency translation adjustment		-			(157	)		-			(157	)
At June 30, 2022		198			1,629			1,407			3,234

	June 30, 2022		June 30, 2021
Non-current		3,041		2,696
Current		193		187
Total		3,234		2,883

(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 1,629 and ARS 1,315 as of June 30, 2022 and 2021, 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 953 and ARS 1,486, respectively. As of June 30, 2022, the infrastructure work regarding to sectors A and B of the property has been completed and is in the process of being received, including, among others, the coastal road, roundabouts, lights, landfills, and stormwater and sewage connections for an amount of USD 3.2 MM.