Investment properties noncurrent (Tables)

12 Months Ended

Jun. 30, 2018

Investment Properties Noncurrent

Schedule of investment properties noncurrent

	Land – Farms			Buildings and improvements			Opening of area			Total in operation			Construction in progress			2018			2017
Opening balance		300,487			26,369			53,021			379,877			9,922			389,799			287,867
Acquisitions		2,231			152			1,390			3,773			20,088			23,861			121,672
Acquisitions – corporate restructuring		113,158			4,141			—			117,299			23,653			140,952			—
Disposals		(10,676	)		(116	)		—			(10,792	)		(1	)		(10,793	)		(8,728	)
Transfers		—			1,979			6,943			8,922			(8,922	)		—			—
(-) Depreciation / amortization		—			(983	)		(11,916	)		(12,899	)		—			(12,899	)		(11,012	)
Effect of conversion		19,879			710			36			20,625			5,607			26,232			—
Net book balance		425,079			32,252			49,474			506,805			50,347			557,152			389,799
At June 30, 2018
Total cost		425,079			39,925			145,397			610,401			50,347			660,748			480,496
Accumulated depreciation		—			(7,673	)		(95,923	)		(103,596	)		—			(103,596	)		(90,697	)
Net book balance		425,079			32,252			49,474			506,805			50,347			557,152			389,799
Annual depreciation rates (weighted average) - %		—			4-20			10-20			—			—			—

Schedule of fair values of the investment properties

Four farms owned by the Company are held as guarantee for loans and financing according to Note 15, representing 33% of total investment properties. The fair values of the investment properties are as follows:

		Hectares						Fair value*				Cost value
Farm	State	6/30/2018		6/30/2016		Real estate	Acquisition	6/30/2018		6/30/2017		6/30/2018		6/30/2017
Jatobá	Bahia		30,981		30,981	Jaborandi Ltda	Mar-07		340,942		360,758		56,963		59,057
Alto Taquari	Mato Grosso		5,394		5,394	Mogno Ltda	Aug-07		158,726		119,706		35,962		35,783
Araucária	Goiás		5,534		6,493	Araucária Ltda	Apr-07		137,796		172,327		43,198		53,001
Chaparral	Bahia		37,182		37,184	Cajueiro Ltda	Nov-07		312,256		352,391		82,038		79,794
Nova Buriti	Minas Gerais		24,212		24,212	Flamboyant Ltda	Dec-07		32,145		23,407		23,116		21,998
Preferência	Bahia		17,799		17,799	Cajueiro Ltda	Sep-08		58,171		64,392		27,735		30,082
São José	Maranhão		17,566		17,566	Ceibo Ltda	Feb-17		156,798		156,981		106,387		105,138
Moroti (a)	Boqueron Paraguay		59,490		—	Agropecuaria Moroti S/A	Feb-18		188,946		—		166,477		—
			198,158		139,629				1,385,780		1,249,962		541,876		384,853

(*) Considered Level 3 for fair value.

 (a) Property consolidated during the Cresca spin-off process, see Note 1.1.