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Investment properties (Tables)
12 Months Ended
Jun. 30, 2022
Schedule of recognized in the Statements of Income

 

 

06.30.2022

 

 

06.30.2021

 

 

06.30.2020

 

Rental and services income

 

 

27,281

 

 

 

18,093

 

 

 

28,092

 

Direct operating expenses

 

 

(9,191)

 

 

(7,264)

 

 

(19,909)

Development reimbursements

 

 

186

 

 

 

187

 

 

 

277

 

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

 

 

13,980

 

 

 

17,745

 

 

 

2,793

 

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

 

 

(330)

 

 

(30,487)

 

 

80,287

 

Schedule of fair value measurements of investment properties

 

 

 

 

 

 

 

 

06.30.22

 

 

06.30.21

 

 

06.30.20

 

Description

 

Valuation technique

 

Parameters

 

Range fiscal year 2021 / 2019

 

Increase

 

 

Decrease

 

 

Increase

 

 

Decrease

 

 

Increase

 

 

Decrease

 

Shopping Malls (Level 3)

 

 

 

 

Discounted cash flows

 

 

 

 

Discount rate

 

14.53% / 12.18%

 

 

(5,864)

 

 

6,890

 

 

 

(6,297)

 

 

7,525

 

 

 

(10,474)

 

 

12,825

 

 

 

Growth rate

 

2.4% / 2.3%

 

 

2,636

 

 

 

(2,234)

 

 

2,884

 

 

 

(2,414)

 

 

4,993

 

 

 

(4,077)

 

 

Inflation

 

(*)

 

 

10,516

 

 

 

(8,704)

 

 

13,399

 

 

 

(11,052)

 

 

21,803

 

 

 

(17,936)

 

 

Devaluation

 

(*)

 

 

(7,758)

 

 

9,482

 

 

 

(7,145)

 

 

8,732

 

 

 

(10,136)

 

 

12,389

 

Schedule of investment properties

 

 

June 30, 2022

 

 

June 30, 2021

 

 

 

Level 2

 

 

Level 3

 

 

Level 2

 

 

Level 3

 

Fair value at the beginning of the year

 

 

153,474

 

 

 

146,863

 

 

 

179,631

 

 

 

380,822

 

Additions

 

 

7,364

 

 

 

2,052

 

 

 

449

 

 

 

1,250

 

Capitalized leasing costs

 

 

23

 

 

 

19

 

 

 

21

 

 

 

15

 

Amortization of capitalized leasing costs (i)

 

 

(36)

 

 

(9)

 

 

(11)

 

 

(10)

Transfers / Reclassification to assets held for sale (iv)

 

 

62,350

 

 

 

(63,306)

 

 

(869)

 

 

-

 

Deconsolidation (ii)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(192,757)

Disposals (iii)

 

 

(29,116)

 

 

-

 

 

 

(35,135)

 

 

-

 

Currency translation adjustment

 

 

(34)

 

 

-

 

 

 

(20)

 

 

(20,262)

Net gain / (loss) from fair value adjustment

 

 

14,533

 

 

 

(883)

 

 

9,408

 

 

 

(22,195)

Fair value at the end of the year

 

 

208,558

 

 

 

84,736

 

 

 

153,474

 

 

 

146,863

 

Schedule of Group's borrowings and other payables

 

 

06.30.2022

 

 

06.30.2021

 

Córdoba Shopping (i)

 

 

2,215

 

 

 

2,832

 

Total

 

 

2,215

 

 

 

2,832

 

Schedule of investment property of the Group

 

 

06.30.2022

 

 

06.30.2021

 

Shopping Malls

 

 

90,142

 

 

 

83,331

 

Offices and other rental properties

 

 

74,338

 

 

 

122,477

 

Undeveloped parcels of land

 

 

127,956

 

 

 

88,851

 

Properties under development

 

 

567

 

 

 

5,441

 

Others

 

 

291

 

 

 

237

 

Total

 

 

293,294

 

 

 

300,337