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Investment properties (Tables)
12 Months Ended
Jun. 30, 2023
Investment properties  
Schedule of investment properties

 

 

06.30.2023

 

 

06.30.2022

 

 

 

Level 2

 

 

Level 3

 

 

Level 2

 

 

Level 3

 

Fair value at the beginning of the year

 

 

449,610

 

 

 

182,674

 

 

 

330,860

 

 

 

316,608

 

Additions

 

 

3,317

 

 

 

2,711

 

 

 

15,875

 

 

 

4,424

 

Capitalized leasing costs

 

 

14

 

 

 

51

 

 

 

50

 

 

 

41

 

Amortization of capitalized leasing costs (i)

 

 

(18)

 

 

(17)

 

 

(78)

 

 

(19)

Transfers

 

 

2,671

 

 

 

882

 

 

 

134,414

 

 

 

(136,475)

Disposals

 

 

(22,722)

 

 

-

 

 

 

(62,768)

 

 

-

 

Currency translation adjustment

 

 

(18)

 

 

-

 

 

 

(75)

 

 

-

 

Net (loss) / gain from fair value adjustment

 

 

(39,749)

 

 

(9,396)

 

 

31,332

 

 

 

(1,905)

Fair value at the end of the year

 

 

393,105

 

 

 

176,905

 

 

 

449,610

 

 

 

182,674

 

Schedule of investment property of the Group

 

 

06.30.2023

 

 

06.30.2022

 

Shopping Malls (i)

 

 

185,564

 

 

 

194,328

 

Offices and other rental properties

 

 

132,460

 

 

 

160,258

 

Undeveloped parcels of land

 

 

251,387

 

 

 

275,848

 

Properties under development

 

 

78

 

 

 

1,222

 

Others

 

 

521

 

 

 

628

 

Total

 

 

570,010

 

 

 

632,284

 

Schedule of Group's borrowings and other payables

 

 

06.30.2023

 

 

06.30.2022

 

Córdoba Shopping (i)

 

 

5,048

 

 

 

4,775

 

Total

 

 

5,048

 

 

 

4,775

 

Schedule of recognized in the Statements of Income

 

 

06.30.2023

 

 

06.30.2022

 

 

06.30.2020

 

Revenues (Note 23)

 

 

70,517

 

 

 

58,814

 

 

 

39,005

 

Direct operating costs

 

 

(22,176)

 

 

(19,814)

 

 

(15,660)

Development costs

 

 

(262)

 

 

(400)

 

 

(403)

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

 

 

12,106

 

 

 

30,138

 

 

 

38,255

 

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

 

 

(61,251)

 

 

(711)

 

 

(65,724)
Schedule of fair value measurements of investment properties

 

 

 

 

 

 

 

 

06.30.23 (i)

 

 

06.30.22 (i)

 

 

06.30.21 (i)

 

Description

 

Valuation technique

 

Parameters

 

Range fiscal year 2023 / 2022 / 2021

 

Increase

 

 

Decrease

 

 

Increase

 

 

Decrease

 

 

Increase

 

 

Decrease

 

Shopping Malls (Level 3)

 

Discounted cash flows

 

Discount cash flows rate

 

15.25% / 14.53% / 13.53%

 

 

(3,757)

 

 

4,024

 

 

 

(4,667)

 

 

5,019

 

 

 

(4,787)

 

 

5,172

 

 

 

Discount perpetually rate

 

14.20% / 14.53% / 13.53%

 

 

(8,848)

 

 

10,891

 

 

 

(7,974)

 

 

9,835

 

 

 

(8,788)

 

 

11,051

 

 

 

Growth rate

 

2.4% / 2.4% / 2.4%

 

 

6,710

 

 

 

(5,662)

 

 

5,683

 

 

 

(4,816)

 

 

6,217

 

 

 

(5,204)

 

 

Inflation

 

(*)

 

 

24,052

 

 

 

(21,969)

 

 

22,670

 

 

 

(18,764)

 

 

28,886

 

 

 

(23,826)

 

 

Devaluation

 

(*)

 

 

(16,082)

 

 

17,690

 

 

 

(16,725)

 

 

20,441

 

 

 

(15,403)

 

 

18,824