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Investment properties (Tables)
 12 Months Ended
Jun. 30, 2020
Investment Properties [Abstract]  
Schedule of investment properties

    06.30.20   06.30.19
    Level 2   Level 3   Level 2   Level 3
Fair value at the beginning of the year     45,415       289,601       38,116       325,559  
Reclassifications of previous periods (IFRS 16)     -       426       -       -  
Currency translation adjustment     (670 )     53,460       59       (3,001 )
Additions     3,621       1,838       5,165       6,446  
Additions of capitalized leasing costs     4       16       11       4  
Depreciation of capitalized leasing costs (i)     (6 )     (9 )     (9 )     (4 )
Transfers     6,116       (28,781 )     849       1,135  
Disposals     (1,740 )     (13,412 )     (2,122 )     (3,676 )
Balance incorporated by business combination     -       244       -       -  
Deconsolidation     (1,694 )     (155,846 )     -       -  
Capitalized finance costs     -       -       217       16  
Net gain / (loss) from fair value adjustment     28,523       3,061       3,129       (36,878 )
Fair value at the end of the year     79,569       150,598       45,415       289,601  

 

(i)Amortization charges of capitalized leasing costs were included in “Costs” in the Statements of Income (Note 27)
(ii)Ps. 1,694 corresponde a La Maltería y Ps. 155,846 a Gav-Yam.
Schedule of balance by type of investment property

   06.30.20  06.30.19
Leased out farmland   4,129    2,633 
Rental properties   191,175    287,149 
Undeveloped parcels of land   27,534    33,713 
Properties under development   7,329    11,521 
Total   230,167    335,016 
Schedule of recognized in the Statements of Income

   06.30.20  06.30.19  06.30.18
Rental and services income   22,131    30,504    27,869 
Direct operating expenses   (8,983)   (8,385)   (7,699)
Development expenses   121    (87)   (4,206)
Net realized gain from fair value adjustment of investment property   1,080    822    527 
Net unrealized gain / (loss) from fair value adjustment of investment property   30,380    (38,568)   23,554 
Schedule of fair value measurements of investment properties
           Sensitivity (i) 
            06.30.20   06.30.19 
Description  Valuation technique  Parameters  Range fiscal year 2019 / (2018)  Increase   Decrease   Increase   Decrease 
Rental properties in Israel - Offices (Level 3)  Discounted cash flows  Discount rate  7.50% to 9.75% /   (406)   539           
         (7.00% to 9.00% )             (3,816)   4,353 
      Weighted average rental value per square meter (m2) per month, in NIS  NIS 77 / (NIS 63)/   366    (366)          
                              
                       6,713    (6,713)
Rental properties in Israel - Commercial use (Level 3)  Discounted cash flows  Discount rate  7.50% to 7.80% /   (198)   261           
         (7.00% to 9.00%)             (1,931)   2,207 
      Weighted average rental value per square meter (m2) per month, in NIS  NIS 41 / (NIS 87)   165    (165)          
                              
                       3,047    (3,047)
Rental properties in Israel - Industrial use (Level 3)  Discounted cash flows  Discount rate  N/A   N/A    N/A           
         (7.75% to 9.00%)             (717)   815 
      Weighted average rental value per square meter (m2) per month, in NIS  N/A / (NIS 31)   N/A    N/A           
                              
                       1,731    (1,731)
Rental properties in USA - HSBC Building (Level 3)  Discounted cash flows  Discount rate  4.75% / (6.25%)   (6,059)   7,507    (2,181)   2,31 
      Weighted average rental value per square meter (m2) per month, in US$  $US 79 /(US$ 73)   6,284    (6,284)          
                              
                       4,772    (4,772)
Rental properties in USA - Las Vegas project (Level 3)  Discounted cash flows  Discount rate  6.50% / (8.50%)   (1,792)   2,512    (467)   493 
      Weighted average rental value per square meter (m2) per month, in US$  $US 25 /(US$ 33)   (1,307)   1,307           
                              
                       586    (586)
Shopping Malls in Argentina (Level 3)  Discounted cash flows  Discount rate  12.18% / (12.10% )   (4,252)   5,207    (4,668)   5,821 
      Growth rate  2.3% / (3%)   2,027    (1,655)   2,195    (1,761)
      Inflation  (*)   8,852    (7,282)   4,088    (3,742)
      Devaluation  (*)   (4,115)   5,030    (4,338)   6,237 
Plot of land in Argentina (Level 3)  Comparable with incidence adjustment  Value per square meter (m2)  Ps. 30,148 / (Ps. 14,312)   2,159    (2,159)   1,336    (1,336)
      % of incidence  30% / (30%)   7,196    (7,196)   4,458    (4,458)
Properties under development in Israel (Level 3)  Estimated fair value of the investment property after completing the construction  Weighted average construction cost per square meter (m2) in NIS  5,787 NIS/m2 /                    
         (5,787 NIS/m2)                    
      Annual weighted average discount rate  7.00% to 9.00% /   (1,307)   1,307           
         (7.00% to 9.00%)             (918)   918 

 

(*)For the next 5 years, an average AR$ / US$ exchange rate with an upward trend was considered, starting at Ps. 59.81 (corresponding to the year ended June 30, 2020) and arriving at Ps.243.89. In the long term, a nominal devaluation rate of 2.1% calculated based on the quotient between inflation in Argentina and the United States is assumed. The considered inflation shows a downward trend, which starts at 47.9% (corresponding to the year ended June 30, 2020) and stabilizes at 23.2% after 5 years.

 

(i)Considering an increase or decrease of: 100 points for the discount and growth rate in Argentina, 10% for the incidence and inflation, 10% for the devaluation, 50 points for the discount rate of Israel and USA, and 1% for the value of the m2.