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Trading Properties

12 Months Ended

Jun. 30, 2024

11.Trading properties

Changes in the Group’s trading properties for the fiscal years ended June 30, 2024 and 2023 were as follows:

	Completed properties			Properties under development (i)			Undeveloped sites			Total
At June 30, 2022		1,590			13,043			11,267			25,900
Additions		113			535			531			1,179
Currency translation adjustment		-			56			-			56
Transfers		546			-			(2,151	)		(1,605	)
Disposals		(40	)		(1,586	)		(947	)		(2,573	)
At June 30, 2023		2,209			12,048			8,700			22,957
Additions		-			749			161			910
Currency translation adjustment		-			(1,062	)		-			(1,062	)
Disposals		(74	)		(2,787	)		-			(2,861	)
At June 30, 2024		2,135			8,948			8,861			19,944

	June 30, 2024		June 30, 2023
Non-current		19,533		22,422
Current		411		535
Total		19,944		22,957

(i)

Includes Zetol and Vista al Muelle plots of land, with the former being mortgaged to secure Group's borrowings. The net book value amounted to ARS 8,257 and ARS 10,455 as of June 30, 2024 and 2023, respectively. During the fiscal year ended June 30, 2024, certain significant transactions related to the property took place, such as the sale of two plots by Vista al Muelle S.A. (“VAM”) to the Boating Trust and the debt with an unrelated counterparty was settled through a payment in kind by transferring units in Towers 1 and 2 of the Carrasco Boating complex, amounting USD 6.8 million. Additionally, we made progress with the Municipal Government of Canelones in the signing of a new master contract, certifying compensations of USD 4.5 million and redefining infrastructure and urban management obligations.