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Trading properties

12 Months Ended

Jun. 30, 2023

11. Trading properties

Changes in the Group’s trading properties for the fiscal years ended June 30, 2023 and 2022 were as follows:

	Completed properties			Properties under development (i)			Undeveloped sites			Total
As of June 30, 2021		427			2,835			2,953			6,215
Additions		-			1,015			80			1,095
Currency translation adjustment		-			(338	)		-			(338	)
As of 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	)
As of June 30, 2023		593			3,244			2,342			6,179


	06.30.2023			06.30.2022
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 plot 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.