| Trading properties |
11. Trading properties Changes in the Group’s trading properties for the fiscal years ended June 30, 2026 and 2025 were as follows: | | Completed properties | | | Properties under development (i) | | | Undeveloped sites | | | Total | | At June 30, 2024 | | | 3,974 | | | | 16,661 | | | | 16,498 | | | | 37,133 | | Additions | | | - | | | | 2,366 | | | | 1,649 | | | | 4,015 | | Currency translation adjustment | | | - | | | | (884 | ) | | | - | | | | (884 | ) | Transfers | | | - | | | | 218,084 | | | | - | | | | 218,084 | | Impairment | | | (402 | ) | | | (25,138 | ) | | | - | | | | (25,540 | ) | Disposals | | | (686 | ) | | | (17,886 | ) | | | (5 | ) | | | (18,577 | ) | At June 30, 2025 | | | 2,886 | | | | 193,203 | | | | 18,142 | | | | 214,231 | | Additions | | | - | | | | 8,934 | | | | 1,249 | | | | 10,183 | | Currency translation adjustment | | | - | | | | (1,434 | ) | | | - | | | | (1,434 | ) | Transfers | | | - | | | | 69,694 | | | | - | | | | 69,694 | | Impairment (ii) | | | (25 | ) | | | (11,915 | ) | | | - | | | | (11,940 | ) | Disposals | | | (47 | ) | | | (10,924 | ) | | | (1 | ) | | | (10,972 | ) | At June 30, 2026 | | | 2,814 | | | | 247,558 | | | | 19,390 | | | | 269,762 | |
| | June 30, 2026 | | | June 30, 2025 | | Non-current | | | 252,004 | | | | 166,561 | | Current | | | 17,758 | | | | 47,670 | | Total | | | 269,762 | | | | 214,231 | |
| (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 13,710 and ARS 15,319 as of June 30, 2026 and 2025, respectively. | | (ii) | The Group compares the cost of its trading properties with their net realizable value on a quarterly basis. As of June 30, 2026, the inflation-adjusted cost of these assets amounted to ARS 230,750 million, while their net realizable value amounted to ARS 218,810 million, resulting in an impairment charge of ARS 11,940 million. The impairment charge was recognized under ‘Other operating results, net’ in the Consolidated Statement of Income and Other Comprehensive Income (Note 26). |
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