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Trading Properties (Tables)
 12 Months Ended
Jun. 30, 2023
Schedule of trading properties

 

 

Completed properties

 

 

Properties under development (i)

 

 

Undeveloped sites

 

 

Total

 

At June 30, 2021

 

 

427

 

 

 

2,835

 

 

 

2,953

 

 

 

6,215

 

Additions

 

 

-

 

 

 

1,015

 

 

 

80

 

 

 

1,095

 

Currency translation adjustment

 

 

-

 

 

 

(338)

 

 

-

 

 

 

(338)

At June 30, 2022

 

 

427

 

 

 

3,512

 

 

 

3,033

 

 

 

6,972

 

Additions

 

 

30

 

 

 

144

 

 

 

143

 

 

 

317

 

Currency translation adjustment

 

 

-

 

 

 

15

 

 

 

-

 

 

 

15

 

Transfers

 

 

147

 

 

 

-

 

 

 

(579)

 

 

(432)

Disposals

 

 

(11)

 

 

(427)

 

 

(255)

 

 

(693)

At June 30, 2023

 

 

593

 

 

 

3,244

 

 

 

2,342

 

 

 

6,179

 

 

 

June 30, 2023

 

 

June 30, 2022

 

Non-current

 

 

6,035

 

 

 

6,556

 

Current

 

 

144

 

 

 

416

 

Total

 

 

6,179

 

 

 

6,972

 

 

(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 3,243 and ARS 3,512 as of June 30, 2023 and 2022, 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 1,634 and ARS 2,054, respectively. 4 of the 6 units received for the Tower 1, built on plot 2, were sold, and the infrastructure work concerning sectors A and B of the property, which includes, among others, the coastal road, roundabouts, lights, landfills and storm and sewage connections for an amount of about USD 3.2 MM. Likewise, the exchange of Plot 2 was signed with the same developer of Plot 1, beginning the works at the end of 2022.