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Investment properties (Tables)
12 Months Ended
Jun. 30, 2024
Investment properties  
Schedule of investment properties

 

 

06.30.2024

 

 

06.30.2023

 

 

 

Level 2

 

 

Level 3

 

 

Level 2

 

 

Level 3

 

Fair value at the beginning of the year

 

 

1,460,505

 

 

 

657,251

 

 

 

1,670,436

 

 

 

678,686

 

Additions

 

 

4,459

 

 

 

8,894

 

 

 

12,324

 

 

 

10,072

 

Capitalized leasing costs

 

 

16

 

 

 

214

 

 

 

52

 

 

 

189

 

Amortization of capitalized leasing costs (i)

 

 

(135)

 

 

(176)

 

 

(67)

 

 

(63)

Transfers

 

 

(27,415)

 

 

(7)

 

 

9,923

 

 

 

3,277

 

Disposals

 

 

(50,247)

 

 

-

 

 

 

(84,419)

 

 

-

 

Currency translation adjustment

 

 

(11)

 

 

-

 

 

 

(64)

 

 

-

 

Net loss from fair value adjustment

 

 

(347,495)

 

 

(3,096)

 

 

(147,680)

 

 

(34,910)

Fair value at the end of the year

 

 

1,039,677

 

 

 

663,080

 

 

 

1,460,505

 

 

 

657,251

 

Schedule of investment property of the Group

 

 

06.30.2024

 

 

06.30.2023

 

Shopping Malls (i)

 

 

685,984

 

 

 

689,425

 

Offices and other rental properties

 

 

335,776

 

 

 

492,128

 

Undeveloped parcels of land

 

 

678,944

 

 

 

933,977

 

Properties under development

 

 

466

 

 

 

290

 

Others

 

 

1,587

 

 

 

1,936

 

Total

 

 

1,702,757

 

 

 

2,117,756

 

Schedule of Group's borrowings and other payables

 

 

06.30.2024

 

 

06.30.2023

 

Córdoba Shopping (i)

 

 

19,494

 

 

 

18,755

 

Total

 

 

19,494

 

 

 

18,755

 

Schedule of recognized in the Statements of Income

 

 

06.30.2024

 

 

06.30.2023

 

 

06.30.2022

 

Revenues (Note 23)

 

 

260,092

 

 

 

261,990

 

 

 

218,510

 

Direct operating costs

 

 

(75,345)

 

 

(82,390)

 

 

(73,615)

Development costs

 

 

(1,325)

 

 

(973)

 

 

(1,486)

Net realized gain for the year (i)

 

 

31,275

 

 

 

44,977

 

 

 

111,972

 

Net unrealized loss for the year (ii)

 

 

(381,866)

 

 

(227,567)

 

 

(2,643)
Schedule of fair value measurements of investment properties

 

 

06.30.24 (i)

 

06.30.23 (i)

 

06.30.22 (i)

Description

Valuation technique

 

Parameters

 

Range fiscal year 2024 / 2023 / 2022

 

Increase

 

Decrease

 

Increase

 

Decrease

 

Increase

 

Decrease

Shopping Malls (Level 3)

Discounted cash flows

 

Discount cash flows rate

 

15.40% / 15.25% / 14.53%

 

(15,160)

 

16,094

 

(13,958)

 

14,950

 

(17,339)

 

18,647

 

Discount perpetually rate

 

14.11% / 14.20% / 14.53%

 

(30,621)

 

38,032

 

(32,873)

 

40,463

 

(29,626)

 

36,540

 

Growth rate

 

2.4% / 2.4% / 2.4%

 

20,875

 

(17,589)

 

24,930

 

(21,036)

 

21,114

 

(17,893)

 

Inflation

 

(*)

 

33,239

 

(31,932)

 

89,360

 

(81,621)

 

84,226

 

(69,714)

 

Devaluation

 

(*)

 

(60,279)

 

66,307

 

(59,749)

 

65,724

 

(62,138)

 

75,944