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Investment properties (Tables)
12 Months Ended
Jun. 30, 2023
Investment properties  
Schedule of balance by type of investment property

 

 

 06.30.2023

 

 

 06.30.2022

 

 

 

 Level 2

 

 

 Level 3

 

 

 Level 2

 

 

 Level 3

 

Fair value at the beginning of the year

 

 

469,291

 

 

 

182,674

 

 

 

358,952

 

 

 

316,608

 

Additions

 

 

3,317

 

 

 

2,711

 

 

 

15,862

 

 

 

4,424

 

Disposals

 

 

(25,958)

 

 

-

 

 

 

(62,768)

 

 

-

 

Transfers

 

 

3,252

 

 

 

882

 

 

 

128,283

 

 

 

(136,475)

Net (loss)/ gain from fair value adjustment

 

 

(42,281)

 

 

(9,396)

 

 

37,655

 

 

 

(1,905)

Additions of capitalized leasing costs

 

 

14

 

 

 

51

 

 

 

50

 

 

 

41

 

Amortization of capitalized leasing costs (i)

 

 

(18)

 

 

(17)

 

 

(78)

 

 

(19)

Currency translation adjustment

 

 

1,795

 

 

 

-

 

 

 

(8,665)

 

 

-

 

Fair value at the end of the year

 

 

409,412

 

 

 

176,905

 

 

 

469,291

 

 

 

182,674

 

Schedule of recognized in the Statements of Income

 

 

 06.30.2023

 

 

 06.30.2022

 

Leased out farmland

 

 

26,258

 

 

 

29,472

 

Offices and other rental properties

 

 

122,509

 

 

 

150,467

 

Shopping malls (*)

 

 

185,564

 

 

 

194,328

 

Undeveloped parcels of land

 

 

251,387

 

 

 

275,848

 

Properties under development

 

 

599

 

 

 

1,850

 

Total

 

 

586,317

 

 

 

651,965

 

 

 

 06.30.2023

 

 

 06.30.2022

 

Córdoba Shopping (i)

 

 

5,048

 

 

 

4,775

 

Total

 

 

5,048

 

 

 

4,775

 

 

 

 06.30.2023

 

 

 06.30.2022

 

 

 06.30.2021

 

Revenues

 

 

73,559

 

 

 

58,680

 

 

 

38,807

 

Direct operating expenses

 

 

(23,879)

 

 

(21,452)

 

 

(16,529)

Development expenses

 

 

(262)

 

 

(400)

 

 

(403)

Net unrealized (loss)/ gain from fair value adjustment of investment property (i)

 

 

(63,783)

 

 

5,612

 

 

 

(46,195)

Net realized gain from fair value adjustment of investment property (ii)

 

 

12,106

 

 

 

30,138

 

 

 

38,255

 

Schedule of fair value measurements of investment properties

 

 

 

 

 

 

 

 

 

 

06.30.2023 (i)

 

 

06.30.2022 (i)

 

 

06.30.2021 (i)

 

Description

 

Valuation technique

 

Parameters

 

 

Range fiscal year 2023 / 2022 / 2021

 

 

Increase

 

 

Decrease

 

 

Increase

 

 

Decrease

 

 

Increase

 

 

Decrease

 

 

 

 

 

 

 

 

 

 

Shopping Malls (Level 3)

 

Discounted cash flows

 

Discount cash flows rate

 

 

15.25% / 14.53% / 13.53%

 

 

 

(3,757)

 

 

4,024

 

 

 

(4,667)

 

 

5,019

 

 

 

(4,787)

 

 

5,172

 

 

 

 

 

 

Discount perpetually rate

 

 

14.20% / 14.53% / 13.53%

 

 

(8,848

)

 

 

10,891

 

 

 

(7,974)

 

 

9,835

 

 

(8,788

)

11,051

 

 

 

 

Growth rate

 

 

 

2.4% / 2.4% / 2.4%

 

 

6,710

 

 

 

(5,662)

 

 

5,683

 

 

 

(4,816)

 

6,217

(5,204

)

 

 

 

Inflation

 

 

 

(*)

 

 

24,052

 

 

 

(21,969)

 

 

22,670

 

 

 

(18,764)

 

28,886

(23,826

)

 

 

 

Devaluation

 

 

(*)

 

 

 

(16,082)

 

 

17,690

 

 

 

(16,725)

 

 

20,441

 

 

(15,403

)

18,824