v3.25.3
Trading Properties
12 Months Ended
Jun. 30, 2025
Trading properties

11. Trading properties

 

Changes in the Group’s trading properties for the fiscal years ended June 30, 2025 and 2024 were as follows:

 

 

 

Completed properties

 

 

Properties under development (i)

 

 

Undeveloped sites

 

 

Total

 

At June 30, 2023

 

 

3,080

 

 

 

16,797

 

 

 

12,130

 

 

 

32,007

 

Additions

 

 

-

 

 

 

1,044

 

 

 

224

 

 

 

1,268

 

Currency translation adjustment

 

 

-

 

 

 

(1,479)

 

 

-

 

 

 

(1,479)

Disposals

 

 

(104)

 

 

(3,886)

 

 

-

 

 

 

(3,990)

At June 30, 2024

 

 

2,976

 

 

 

12,476

 

 

 

12,354

 

 

 

27,806

 

Additions

 

 

-

 

 

 

1,772

 

 

 

1,235

 

 

 

3,007

 

Currency translation adjustment

 

 

-

 

 

 

(662)

 

 

-

 

 

 

(662)

Transfers

 

 

-

 

 

 

163,301

 

 

 

-

 

 

 

163,301

 

Impairment (ii)

 

 

(301)

 

 

(18,824)

 

 

-

 

 

 

(19,125)

Disposals

 

 

(514)

 

 

(13,394)

 

 

(4)

 

 

(13,912)

At June 30, 2025

 

 

2,161

 

 

 

144,669

 

 

 

13,585

 

 

 

160,415

 

 

 

 

June 30, 2025

 

 

June 30, 2024

 

Non-current

 

 

124,720

 

 

 

27,233

 

Current

 

 

35,695

 

 

 

573

 

Total

 

 

160,415

 

 

 

27,806

 

 

(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 11,471 and ARS 11,512 as of June 30, 2025 and 2024, respectively.

(ii)

The Group makes a quarterly comparison between the cost and the net realizable value of its trading properties. As of the end of the current fiscal year, the value of these assets recorded at their inflation-adjusted cost is ARS 57,107, while the net realizable value amounts to ARS 37,982, resulting in an impairment loss of ARS 19,125. The impairment charge has been recognized under "Other operating results, net" in the statement of income and other comprehensive income (Note 26).