Type of
stock
|
CAPITAL STATUS
|
|
Shares
authorized for Public Offering (2)
|
Subscribed,
issued and paid-up nominal value
(in
millions of Pesos)
|
|
Common
stock with a face value of ARS 10 per share and entitled to 1 vote
each
|
736,421,306
|
7,364
|
1
|
|
Unaudited
Condensed Interim Consolidated Statement of Financial
Position
|
2
|
Unaudited
Condensed Interim Consolidated Statement of Income and Other
Comprehensive Income
|
3
|
Unaudited
Condensed Interim Consolidated Statement of Changes in
Shareholders’ Equity
|
4
|
Unaudited
Condensed Interim Consolidated Statement of Cash
Flows
|
6
|
Notes
to the Unaudited Condensed Interim Consolidated Financial
Statements:
|
|
Note 1
– The Group’s business and general
information
|
7
|
Note 2
– Summary of significant accounting
policies
|
7
|
Note 3
– Seasonal effects on operations
|
8
|
Note 4
– Acquisitions and disposals
|
9
|
Note 5
– Financial risk management and fair value
estimates
|
9
|
Note 6
– Segment information
|
9
|
Note 7
– Investments in associates and joint
ventures
|
11
|
Note 8
– Investment properties
|
13
|
Note 9
– Property, plant and equipment
|
15
|
Note 10
– Trading properties
|
15
|
Note 11
– Intangible assets
|
16
|
Note 12
– Right-of-use assets
|
16
|
Note 13
– Financial instruments by category
|
17
|
Note 14
– Trade and other receivables
|
18
|
Note 15
– Cash flow information
|
19
|
Note 16
– Trade and other payables
|
20
|
Note 17
– Borrowings
|
20
|
Note 18
– Provisions
|
20
|
Note 19
– Taxes
|
22
|
Note 20
– Revenues
|
22
|
Note 21
– Expenses by nature
|
23
|
Note 22
– Costs
|
23
|
Note 23
– Other operating results, net
|
24
|
Note 24
– Financial results, net
|
24
|
Note 25
– Related party transactions
|
25
|
Note 26
– CNV General Resolution N° 622
|
27
|
Note 27
– Foreign currency assets and liabilities
|
27
|
Note 28
– Other significant events of the period
|
28
|
Note 29
– Subsequent Events
|
29
|
Terms
|
|
Definitions
|
Annual
Financial Statements
|
|
Consolidated
Financial Statements as of June 30, 2023
|
BACS
|
|
Banco
de Crédito y Securitización S.A.
|
BHSA
|
|
Banco
Hipotecario S.A.
|
CCL
|
|
Cash
settlement
|
Celap
|
|
Centro
de Entretenimientos La Plata S.A.
|
CNV
|
|
Securities
Exchange Commission
|
Condor
|
|
Condor
Hospitality Trust Inc.
|
CPF
|
|
Collective
Promotion Funds
|
Cresud
|
|
Cresud
S.A.C.I.F. y A.
|
Financial
Statements
|
|
Unaudited
Condensed Interim Consolidated Financial Statements
|
GCDI
|
|
GCDI
S.A.
|
IAS
|
|
International
Accounting Standards
|
IASB
|
|
International
Accounting Standards Board
|
IFRS
|
|
International
Financial Reporting Standards
|
IRSA,
The Company”, “Us”, “We”
|
|
IRSA
Inversiones y Representaciones Sociedad Anónima
|
IRSA
CP
|
|
IRSA
Propiedades Comerciales S.A.
|
MEP
|
|
Electronic
Payment Market
|
MPIT
|
|
Minimum
presumed income tax
|
New
Lipstick
|
|
New
Lipstick LLC
|
Puerto
Retiro
|
|
Puerto
Retiro S.A.
|
Zetol
|
|
Zetol
S.A.
|
|
|
|
|
Note
|
09.30.2023
|
06.30.2023
|
ASSETS
|
|
|
|
Non-current assets
|
|
|
|
Investment
properties
|
8
|
866,371
|
768,496
|
Property,
plant and equipment
|
9
|
13,534
|
13,682
|
Trading
properties
|
10,
22
|
8,126
|
8,136
|
Intangible
assets
|
11
|
10,739
|
10,712
|
Right-of-use
assets
|
12
|
4,164
|
3,957
|
Investments
in associates and joint ventures
|
7
|
42,709
|
49,982
|
Deferred
income tax assets
|
19
|
974
|
1,159
|
Income
tax credit
|
|
13
|
28
|
Trade
and other receivables
|
13,
14
|
8,514
|
5,982
|
Investments
in financial assets
|
13
|
2,865
|
2,591
|
Total non-current assets
|
|
958,009
|
864,725
|
Current assets
|
|
|
|
Trading
properties
|
10,
22
|
177
|
194
|
Inventories
|
22
|
387
|
446
|
Income
tax credit
|
|
834
|
983
|
Trade
and other receivables
|
13,
14
|
30,172
|
34,885
|
Investments
in financial assets
|
13
|
50,183
|
46,395
|
Cash
and cash equivalents
|
13
|
21,601
|
11,777
|
Total current assets
|
|
103,354
|
94,680
|
TOTAL ASSETS
|
|
1,061,363
|
959,405
|
SHAREHOLDERS’ EQUITY
|
|
|
|
Shareholders'
equity attributable to equity holders of the parent (according to
corresponding statement)
|
|
563,110
|
488,124
|
Non-controlling
interest
|
|
32,647
|
30,107
|
TOTAL SHAREHOLDERS’ EQUITY
|
|
595,757
|
518,231
|
LIABILITIES
|
|
|
|
Non-current liabilities
|
|
|
|
Borrowings
|
13,
17
|
87,081
|
90,767
|
Lease
liabilities
|
|
3,594
|
3,563
|
Deferred
income tax liabilities
|
19
|
264,731
|
223,389
|
Trade
and other payables
|
13,
16
|
11,836
|
13,264
|
Income
tax and MPIT liabilities
|
|
1,385
|
-
|
Provisions
|
18
|
7,896
|
7,980
|
Salaries
and social security liabilities
|
|
96
|
121
|
Total non-current liabilities
|
|
376,619
|
339,084
|
Current liabilities
|
|
|
|
Borrowings
|
13,
17
|
53,260
|
54,760
|
Lease
liabilities
|
|
845
|
504
|
Trade
and other payables
|
13,
16
|
30,914
|
40,521
|
Income
tax liabilities
|
|
522
|
1,420
|
Provisions
|
18
|
1,145
|
1,138
|
Derivative
financial instruments
|
13
|
14
|
8
|
Salaries
and social security liabilities
|
|
2,287
|
3,739
|
Total current liabilities
|
|
88,987
|
102,090
|
TOTAL LIABILITIES
|
|
465,606
|
441,174
|
TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES
|
|
1,061,363
|
959,405
|
|
|
|
|
.
Alejandro G. Elsztain
Vicepresident II
|
|
Note
|
09.30.2023
|
09.30.2022
|
Revenues
|
20
|
30,725
|
27,803
|
Costs
|
21,
22
|
(9,998)
|
(10,161)
|
Gross profit
|
|
20,727
|
17,642
|
Net
gain / (loss) from fair value adjustment of investment
properties
|
8
|
102,292
|
(15,797)
|
General
and administrative expenses
|
21
|
410
|
(3,642)
|
Selling
expenses
|
21
|
(1,610)
|
(1,175)
|
Other
operating results, net
|
23
|
(414)
|
452
|
Profit / (loss) from operations
|
|
121,405
|
(2,520)
|
Share
of profit of associates and joint ventures
|
7
|
2,217
|
2,281
|
Profit / (loss) before financial results and income
tax
|
|
123,622
|
(239)
|
Finance
income
|
24
|
378
|
140
|
Finance
costs
|
24
|
(4,121)
|
(4,404)
|
Other
financial results
|
24
|
(2,359)
|
512
|
Inflation
adjustment
|
24
|
6,510
|
10,700
|
Financial results, net
|
|
408
|
6,948
|
Profit before income tax
|
|
124,030
|
6,709
|
Income
tax expense
|
19
|
(42,950)
|
(3,620)
|
Profit for the year
|
|
81,080
|
3,089
|
Other comprehensive loss:
|
|
|
|
Items that may be reclassified subsequently to profit or
loss:
|
|
|
|
Currency
translation adjustment and other comprehensive loss from
subsidiaries (i)
|
|
(336)
|
(620)
|
Total other comprehensive loss for the period
|
|
(336)
|
(620)
|
Total comprehensive income for the period
|
|
80,744
|
2,469
|
|
|
|
|
Profit for the year attributable to:
|
|
|
|
Equity
holders of the parent
|
|
77,042
|
2,768
|
Non-controlling
interest
|
|
4,038
|
321
|
|
|
|
|
Total comprehensive income attributable to:
|
|
|
|
Equity
holders of the parent
|
|
76,716
|
2,184
|
Non-controlling
interest
|
|
4,028
|
285
|
|
|
|
|
Profit per share attributable to equity holders of the parent:
(ii)
|
|
|
|
Basic
|
|
104.82
|
3.74
|
Diluted
|
|
103.27
|
3.83
|
|
|
|
|
.
Alejandro G. Elsztain
Vicepresident II
|
|
Attributable to equity holders of the parent
|
|
|
|||||||||||
|
Share capital
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Outstanding shares
|
Shares to issue (iv)
|
Treasury shares
|
Inflation adjustment of share capital and treasury shares
(i)
|
Warrants (ii)
|
Share premium
|
Additional paid-in capital from treasury shares
|
Legal reserve
|
Special reserve Resolution CNV 609/12
|
Other reserves (v)
|
Retained earnings
|
Subtotal
|
Non-controlling interest
|
Total Shareholders’ equity
|
Balance as of June 30, 2023
|
799
|
6,553
|
12
|
113,704
|
8,447
|
172,600
|
677
|
13,533
|
67,304
|
15,859
|
88,636
|
488,124
|
30,107
|
518,231
|
Net
profit for the period
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
77,042
|
77,042
|
4,038
|
81,080
|
Other
comprehensive loss for the period
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(326)
|
-
|
(326)
|
(10)
|
(336)
|
Total comprehensive (loss) / income for the period
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(326)
|
77,042
|
76,716
|
4,028
|
80,744
|
Repurchase
of treasury shares (iii)
|
(132)
|
-
|
132
|
-
|
-
|
-
|
-
|
-
|
-
|
(1,742)
|
-
|
(1,742)
|
-
|
(1,742)
|
Warrants
exercise (ii)
|
-
|
-
|
-
|
-
|
(7)
|
21
|
-
|
-
|
-
|
-
|
-
|
14
|
-
|
14
|
Issuance
of shares
|
6,553
|
(6,553)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capitalization
of irrevocable contributions
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
23
|
23
|
Dividend
distribution
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(1,511)
|
(1,511)
|
Changes
in non-controlling interest
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(2)
|
-
|
(2)
|
-
|
(2)
|
Balance as of September 30, 2023
|
7,220
|
-
|
144
|
113,704
|
8,440
|
172,621
|
677
|
13,533
|
67,304
|
13,789
|
165,678
|
563,110
|
32,647
|
595,757
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of treasury stock
|
Reserve for future dividends
|
Currency translation adjustment reserve
|
Special reserve
|
Other reserves (1)
|
Total Other reserves
|
Balance as of June 30, 2023
|
(4,483)
|
12,114
|
255
|
41,942
|
(33,969)
|
15,859
|
Other
comprehensive loss for the period
|
-
|
-
|
(326)
|
-
|
-
|
(326)
|
Total comprehensive loss for the period
|
-
|
-
|
(326)
|
-
|
-
|
(326)
|
Repurchase
of treasury shares
|
(1,742)
|
-
|
-
|
-
|
-
|
(1,742)
|
Changes
in non-controlling interest
|
-
|
-
|
-
|
-
|
(2)
|
(2)
|
Balance as of September 30, 2023
|
(6,225)
|
12,114
|
(71)
|
41,942
|
(33,971)
|
13,789
|
|
|
|
|
|
|
|
|
Attributable to equity holders of the parent
|
|
|
||||||||||
|
Share capital
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding shares
|
Treasury shares
|
Inflation adjustment of share capital and treasury shares
(i)
|
Warrants
|
Share premium
|
Additional paid-in capital from treasury shares
|
Legal reserve
|
Special reserve Resolution CNV 609/12
|
Other reserves (ii)
|
Retained earnings
|
Subtotal
|
Non-controlling interest
|
Total Shareholders’ equity
|
Balance as of June 30, 2022
|
805
|
6
|
101,212
|
8,473
|
191,579
|
705
|
9,062
|
67,304
|
(18,175)
|
100,732
|
461,703
|
31,607
|
493,310
|
Net
profit for the period
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
2,768
|
2,768
|
321
|
3,089
|
Other
comprehensive loss for the period
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(584)
|
-
|
(584)
|
(36)
|
(620)
|
Total comprehensive (loss) / income for the period
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(584)
|
2,768
|
2,184
|
285
|
2,469
|
Repurchase
of treasury shares
|
(5)
|
5
|
-
|
-
|
-
|
-
|
-
|
-
|
(1,637)
|
-
|
(1,637)
|
-
|
(1,637)
|
Warrants
exercise
|
-
|
-
|
-
|
-
|
2
|
-
|
-
|
-
|
-
|
-
|
2
|
-
|
2
|
Dividend
distribution
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(81)
|
(81)
|
Reserve
for share-based payments
|
-
|
-
|
-
|
-
|
-
|
(7)
|
-
|
-
|
7
|
-
|
-
|
-
|
-
|
Other
changes in equity
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
95
|
-
|
95
|
2
|
97
|
Balance as of September 30, 2022
|
800
|
11
|
101,212
|
8,473
|
191,581
|
698
|
9,062
|
67,304
|
(20,294)
|
103,500
|
462,347
|
31,813
|
494,160
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of treasury stock
|
Reserve for future dividends
|
Currency translation adjustment reserve
|
Special reserve
|
Other reserves (1)
|
Total Other reserves
|
Balance as of June 30, 2022
|
(2,164)
|
12,114
|
1,465
|
3,886
|
(33,476)
|
(18,175)
|
Other
comprehensive loss for the period
|
-
|
-
|
(584)
|
-
|
-
|
(584)
|
Total comprehensive loss for the period
|
-
|
-
|
(584)
|
-
|
-
|
(584)
|
Repurchase
of treasury shares
|
(1,637)
|
-
|
-
|
-
|
-
|
(1,637)
|
Other
changes in equity
|
-
|
-
|
95
|
-
|
-
|
95
|
Reserve
for share-based payments
|
10
|
-
|
-
|
-
|
(3)
|
7
|
Balance as of September 30, 2022
|
(3,791)
|
12,114
|
976
|
3,886
|
(33,479)
|
(20,294)
|
|
|
|
|
|
|
|
|
.
Alejandro G. Elsztain
Vicepresident II
|
|
Note
|
09.30.2023
|
09.30.2022
|
Operating activities:
|
|
|
|
Net
cash generated from continuing operating activities before income
tax paid
|
15
|
11,805
|
12,379
|
Income
tax paid
|
|
(1,133)
|
(2,061)
|
Net cash generated from operating activities
|
|
10,672
|
10,318
|
Investing activities:
|
|
|
|
Acquisition
and improvements of investment properties
|
|
(1,350)
|
(1,556)
|
Proceeds
from sales of investment properties
|
|
4,847
|
4,322
|
Acquisitions
and improvements of property, plant and equipment
|
|
(246)
|
(236)
|
Proceeds
from sales of property, plant and equipment
|
|
1
|
-
|
Acquisitions
of intangible assets
|
|
(100)
|
(33)
|
Dividends
collected from associates and joint ventures
|
|
-
|
141
|
Proceeds
from sales of interest held in associates and joint
ventures
|
|
8,472
|
-
|
Payments
of derivative financial instruments
|
|
-
|
(19)
|
Acquisitions
of investments in financial assets
|
|
(19,927)
|
(17,628)
|
Proceeds
from disposal of investments in financial assets
|
|
14,854
|
19,434
|
Interest
received from financial assets
|
|
410
|
205
|
Increase
of loans granted to related parties
|
|
(52)
|
-
|
Net cash generated from investing activities
|
|
6,909
|
4,630
|
Financing activities:
|
|
|
|
Borrowings,
issuance and new placement of non-convertible notes
|
|
991
|
598
|
Payment
of borrowings and non-convertible notes
|
|
(2,906)
|
(23,778)
|
Payments
of short term loans, net
|
|
(1,988)
|
(13,165)
|
Interests
paid
|
|
(2,077)
|
(5,874)
|
Capital
contributions from non-controlling interest in
subsidiaries
|
|
23
|
-
|
Payment
of borrowings to related parties
|
|
-
|
(38)
|
Warrants
exercise
|
|
14
|
2
|
Payment
of financial leases
|
|
(49)
|
(12)
|
Repurchase
of treasury shares
|
|
(1,742)
|
(1,637)
|
Net cash used in financing activities
|
|
(7,734)
|
(43,904)
|
Net
increase / (decrease) in cash and cash equivalents
|
|
9,847
|
(28,956)
|
Cash and cash
equivalents at the beginning of the period
|
13
|
11,777
|
37,134
|
Inflation
adjustment
|
|
(615)
|
(422)
|
Foreign
exchange gain on cash and unrealized fair value result for cash
equivalents
|
|
592
|
319
|
Cash and cash equivalents at end of the period
|
13
|
21,601
|
8,075
|
|
|
|
|
.
Alejandro G. Elsztain
Vicepresident II
|
|
As of
September 30, 2023 (accumulated three months)
|
Price
variation
|
35%
|
|
09.30.2023
|
||||
|
Total
|
Joint ventures (1)
|
Expensesand collectivepromotion funds
|
Elimination of inter-segment transactions and non-reportable assets
/ liabilities (2)
|
Total as per statement of income / statement of financial
position
|
Revenues
|
25,302
|
(144)
|
5,567
|
-
|
30,725
|
Costs
|
(4,327)
|
14
|
(5,685)
|
-
|
(9,998)
|
Gross profit / (loss)
|
20,975
|
(130)
|
(118)
|
-
|
20,727
|
Net
gain / (loss) from fair value adjustment of investment
properties
|
102,283
|
9
|
-
|
-
|
102,292
|
General
and administrative expenses
|
343
|
19
|
-
|
48
|
410
|
Selling
expenses
|
(1,624)
|
14
|
-
|
-
|
(1,610)
|
Other
operating results, net
|
(421)
|
(1)
|
56
|
(48)
|
(414)
|
Profit / (loss) from operations
|
121,556
|
(89)
|
(62)
|
-
|
121,405
|
Share
of profit / (loss) of associates and joint ventures
|
2,080
|
137
|
-
|
-
|
2,217
|
Segment profit / (loss)
|
123,636
|
48
|
(62)
|
-
|
123,622
|
Reportable
assets
|
941,576
|
73
|
-
|
119,714
|
1,061,363
|
Reportable
liabilities (i)
|
-
|
-
|
-
|
(465,606)
|
(465,606)
|
Net reportable assets
|
941,576
|
73
|
-
|
(345,892)
|
595,757
|
|
|
|
|
|
|
|
09.30.2022
|
||||
|
Total
|
Joint ventures (1)
|
Expensesand collectivepromotion funds
|
Elimination of inter-segment transactions and non-reportable assets
/ liabilities (2)
|
Total as per statement of income / statement of financial
position
|
Revenues
|
22,194
|
(138)
|
5,747
|
-
|
27,803
|
Costs
|
(4,393)
|
67
|
(5,835)
|
-
|
(10,161)
|
Gross profit / (loss)
|
17,801
|
(71)
|
(88)
|
-
|
17,642
|
Net
loss from fair value adjustment of investment
properties
|
(15,996)
|
199
|
-
|
-
|
(15,797)
|
General
and administrative expenses
|
(3,682)
|
26
|
-
|
14
|
(3,642)
|
Selling
expenses
|
(1,187)
|
12
|
-
|
-
|
(1,175)
|
Other
operating results, net
|
431
|
-
|
35
|
(14)
|
452
|
Loss from operations
|
(2,633)
|
166
|
(53)
|
-
|
(2,520)
|
Share
of profit of associates and joint ventures
|
2,438
|
(157)
|
-
|
-
|
2,281
|
Segment (loss) / profit
|
(195)
|
9
|
(53)
|
-
|
(239)
|
Reportable
assets
|
928,592
|
(5,598)
|
-
|
103,632
|
1,026,626
|
Reportable
liabilities (i)
|
-
|
-
|
-
|
(532,464)
|
(532,464)
|
Net reportable assets
|
928,592
|
(5,598)
|
-
|
(428,832)
|
494,162
|
|
|
|
|
|
|
|
09.30.2023
|
|||||
|
Shopping Malls
|
Offices
|
Sales and developments
|
Hotels
|
Others (i)
|
Total
|
Revenues
|
17,150
|
1,584
|
262
|
5,987
|
319
|
25,302
|
Costs
|
(999)
|
(98)
|
(215)
|
(2,747)
|
(268)
|
(4,327)
|
Gross profit
|
16,151
|
1,486
|
47
|
3,240
|
51
|
20,975
|
Net
(loss) / gain from fair value adjustment of investment
properties
|
(2,491)
|
32,178
|
72,705
|
-
|
(109)
|
102,283
|
General
and administrative expenses
|
(1,928)
|
(159)
|
(767)
|
(925)
|
4,122
|
343
|
Selling
expenses
|
(857)
|
(37)
|
(233)
|
(432)
|
(65)
|
(1,624)
|
Other
operating results, net
|
(198)
|
(27)
|
(614)
|
(46)
|
464
|
(421)
|
Profit from operations
|
10,677
|
33,441
|
71,138
|
1,837
|
4,463
|
121,556
|
Share
of profit of associates and joint ventures
|
-
|
-
|
-
|
-
|
2,080
|
2,080
|
Segment profit
|
10,677
|
33,441
|
71,138
|
1,837
|
6,543
|
123,636
|
|
|
|
|
|
|
|
Investment
properties and trading properties
|
249,795
|
185,771
|
439,818
|
-
|
980
|
876,364
|
Investment
in associates and joint ventures
|
-
|
-
|
-
|
-
|
40,862
|
40,862
|
Other
operating assets
|
893
|
138
|
9,700
|
11,663
|
1,956
|
24,350
|
Reportable assets
|
250,688
|
185,909
|
449,518
|
11,663
|
43,798
|
941,576
|
|
09.30.2022
|
|||||
|
Shopping Malls
|
Offices
|
Sales and developments
|
Hotels
|
Others (i)
|
Total
|
Revenues
|
14,385
|
1,635
|
1,098
|
4,773
|
303
|
22,194
|
Costs
|
(1,134)
|
(100)
|
(493)
|
(2,378)
|
(288)
|
(4,393)
|
Gross profit
|
13,251
|
1,535
|
605
|
2,395
|
15
|
17,801
|
Net
loss from fair value adjustment of investment
properties
|
(12,198)
|
(1,220)
|
(2,526)
|
-
|
(52)
|
(15,996)
|
General
and administrative expenses
|
(1,825)
|
(234)
|
(672)
|
(591)
|
(360)
|
(3,682)
|
Selling
expenses
|
(615)
|
(7)
|
(145)
|
(391)
|
(29)
|
(1,187)
|
Other
operating results, net
|
(62)
|
(43)
|
(83)
|
(5)
|
624
|
431
|
(Loss) / profit from operations
|
(1,449)
|
31
|
(2,821)
|
1,408
|
198
|
(2,633)
|
Share
of profit of associates and joint ventures
|
-
|
-
|
-
|
-
|
2,438
|
2,438
|
Segment (loss) / profit
|
(1,449)
|
31
|
(2,821)
|
1,408
|
2,636
|
(195)
|
|
|
|
|
|
|
|
Investment
properties and trading properties
|
253,645
|
194,687
|
411,740
|
-
|
1,183
|
861,255
|
Investment
in associates and joint ventures
|
-
|
-
|
-
|
-
|
35,981
|
35,981
|
Other
operating assets
|
826
|
7,008
|
7,149
|
12,203
|
4,170
|
31,356
|
Reportable assets
|
254,471
|
201,695
|
418,889
|
12,203
|
41,334
|
928,592
|
|
|
|
|
|
|
|
|
09.30.2023
|
06.30.2023
|
Beginning of the period / year
|
49,980
|
46,871
|
Sale
of interest in joint ventures (i)
|
(9,421)
|
-
|
Capital
contributions
|
-
|
74
|
Share
of profit
|
2,217
|
3,536
|
Currency
translation adjustment
|
89
|
(71)
|
Dividends
(Note 25)
|
(160)
|
(430)
|
End of the period / year (ii)
|
42,705
|
49,980
|
|
% ownership interest
|
Value of Group's interest in equity
|
Group's interest in comprehensive income / (loss)
|
|||
Name of the entity
|
09.30.2023
|
06.30.2023
|
09.30.2023
|
06.30.2023
|
09.30.2023
|
06.30.2023
|
Associates and joint ventures
|
|
|
|
|
|
|
New
Lipstick
|
49.96%
|
49.96%
|
406
|
328
|
3
|
(14)
|
BHSA
|
29.91%
|
29.91%
|
34,215
|
32,247
|
1,968
|
1,506
|
Quality
(1)
|
-
|
50.00%
|
-
|
9,421
|
-
|
(133)
|
La
Rural SA
|
50.00%
|
50.00%
|
2,083
|
1,637
|
446
|
234
|
GCDI
(2)
|
27.82%
|
27.82%
|
2,137
|
2,582
|
(445)
|
631
|
Other
joint ventures
|
N/A
|
N/A
|
3,864
|
3,765
|
334
|
88
|
Total associates and joint ventures
|
|
|
42,705
|
49,980
|
2,306
|
2,312
|
|
|
|
|
|
|
|
|
|
|
|
Latest financial statements issued
|
||
Name of the entity
|
Place of business / Country of incorporation
|
Main activity
|
Common shares 1 vote
|
Share capital (nominal value)
|
(Loss) / profit for the period
|
Shareholders’ equity
|
Associates and joint ventures
|
|
|
|
|
|
|
New
Lipstick
|
USA
|
Real
estate
|
23,631,037
|
(*) 47
|
(*) (1)
|
(*) (45)
|
BHSA
|
Argentina
|
Financial
|
448,689,072
|
(**) 1.500
|
(**) 6,579
|
(**) 111,303
|
La
Rural SA
|
Argentina
|
Organization
of events
|
714,998
|
1
|
924
|
3,498
|
GCDI
(2)
|
Argentina
|
Real
estate
|
257,330,595
|
925
|
(1,644)
|
7,879
|
|
|
|
|
|
||
|
|
|
|
|
|
09.30.2023
|
06.30.2023
|
||
|
Level 2
|
Level 3
|
Level 2
|
Level 3
|
Fair value at the beginning of the period / year
|
529,991
|
238,505
|
606,171
|
246,282
|
Additions
|
569
|
983
|
4,472
|
3,655
|
Capitalized
leasing costs
|
-
|
24
|
19
|
69
|
Amortization
of capitalized leasing costs (i)
|
(5)
|
(11)
|
(24)
|
(23)
|
Transfers
|
(2)
|
(2)
|
3,601
|
1,189
|
Disposals
|
(5,977)
|
-
|
(30,634)
|
-
|
Currency
translation adjustment
|
4
|
-
|
(26)
|
-
|
Net
gain / (loss) from fair value adjustment (ii)
|
108,206
|
(5,914)
|
(53,588)
|
(12,667)
|
Fair value at the end of the period / year
|
632,786
|
233,585
|
529,991
|
238,505
|
|
|
|
|
|
|
09.30.2023
|
06.30.2023
|
Shopping
Malls (i)
|
248,114
|
250,180
|
Offices
and other rental properties
|
205,364
|
178,585
|
Undeveloped
parcels of land
|
412,195
|
338,924
|
Properties
under development
|
105
|
105
|
Others
|
593
|
702
|
Total
|
866,371
|
768,496
|
|
|
|
|
09.30.2023
|
09.30.2022
|
Revenues
(Note 20)
|
24,708
|
22,087
|
Direct
operating costs
|
(7,086)
|
(7,377)
|
Development
costs
|
(113)
|
(76)
|
Net
realized gain from fair value adjustment of investment properties
(i)
|
2,331
|
2,161
|
Net
unrealized gain / (loss) from fair value adjustment of investment
properties (ii)
|
99,961
|
(17,958)
|
|
|
|
|
Buildings and facilities
|
Machinery and equipment
|
Others (i)
|
09.30.2023
|
06.30.2023
|
Costs
|
30,643
|
12,524
|
2,845
|
46,012
|
53,807
|
Accumulated
depreciation
|
(18,252)
|
(11,856)
|
(2,222)
|
(32,330)
|
(30,583)
|
Net book amount at the beginning of the period / year
|
12,391
|
668
|
623
|
13,682
|
23,224
|
Additions
|
143
|
81
|
22
|
246
|
1,069
|
Disposals
|
-
|
(2)
|
-
|
(2)
|
(4,562)
|
Currency
translation adjustment
|
-
|
-
|
-
|
-
|
(5)
|
Transfers
|
-
|
4
|
-
|
4
|
(4,297)
|
Depreciation
charges (ii)
|
(292)
|
(73)
|
(31)
|
(396)
|
(1,747)
|
Balances at the end of the period / year
|
12,242
|
678
|
614
|
13,534
|
13,682
|
Costs
|
30,786
|
12,607
|
2,867
|
46,260
|
46,012
|
Accumulated
depreciation
|
(18,544)
|
(11,929)
|
(2,253)
|
(32,726)
|
(32,330)
|
Net book amount at the end of the period / year
|
12,242
|
678
|
614
|
13,534
|
13,682
|
|
|
|
|
|
|
|
Completed properties
|
Properties under development
|
Undeveloped sites
|
09.30.2023
|
06.30.2023
|
Beginning of the period / year
|
802
|
4,371
|
3,157
|
8,330
|
9,400
|
Additions
|
-
|
43
|
13
|
56
|
427
|
Currency
translation adjustment
|
-
|
(73)
|
-
|
(73)
|
19
|
Transfers
|
-
|
-
|
-
|
-
|
(582)
|
Disposals
|
(10)
|
-
|
-
|
(10)
|
(934)
|
End of the period / year
|
792
|
4,341
|
3,170
|
8,303
|
8,330
|
Non-current
|
|
|
|
8,126
|
8,136
|
Current
|
|
|
|
177
|
194
|
Total
|
|
|
|
8,303
|
8,330
|
|
|
|
|
|
|
|
Goodwill
|
Information systems and software
|
Future units to be received from barters and others
|
09.30.2023
|
06.30.2023
|
Costs
|
642
|
4,026
|
11,235
|
15,903
|
14,505
|
Accumulated
amortization
|
-
|
(3,689)
|
(1,502)
|
(5,191)
|
(4,685)
|
Net book amount at the beginning of the period / year
|
642
|
337
|
9,733
|
10,712
|
9,820
|
Additions
|
-
|
99
|
1
|
100
|
1,909
|
Disposals
|
-
|
-
|
-
|
-
|
(241)
|
Transfers
|
-
|
-
|
-
|
-
|
(270)
|
Amortization
charges (i)
|
-
|
(70)
|
(3)
|
(73)
|
(506)
|
Balances at the end of the period / year
|
642
|
366
|
9,731
|
10,739
|
10,712
|
Costs
|
642
|
4,125
|
11,236
|
16,003
|
15,903
|
Accumulated
amortization
|
-
|
(3,759)
|
(1,505)
|
(5,264)
|
(5,191)
|
Net book amount at the end of the period / year
|
642
|
366
|
9,731
|
10,739
|
10,712
|
|
|
|
|
|
|
|
09.30.2023
|
06.30.2023
|
Offices,
shopping malls and other rental properties
|
876
|
616
|
Convention
center
|
3,288
|
3,341
|
Total Right-of-use assets
|
4,164
|
3,957
|
Non-current
|
4,164
|
3,957
|
Total
|
4,164
|
3,957
|
|
|
|
|
09.30.2023
|
09.30.2022
|
Offices,
shopping malls and other rental properties
|
41
|
28
|
Convention
center
|
49
|
34
|
Total depreciation of right-of-use assets (i)
|
90
|
62
|
|
|
|
|
Financial assets at amortized cost
|
Financial assets at fair value through profit or loss
|
Subtotal financial assets
|
Non-financial assets
|
Total
|
|
|
Level 1
|
|
|
|
September 30, 2023
|
|
|
|
|
|
Assets as per Statements of Financial Position
|
|
|
|
|
|
Trade
and other receivables (excluding the allowance for doubtful
accounts and other receivables) (Note 14)
|
31,741
|
-
|
31,741
|
8,383
|
40,124
|
Investments
in financial assets:
|
|
|
|
|
|
-
Public companies’ securities
|
-
|
4,948
|
4,948
|
-
|
4,948
|
-
Mutual funds
|
-
|
34,228
|
34,228
|
-
|
34,228
|
-
Bonds
|
-
|
11,007
|
11,007
|
-
|
11,007
|
-
Others
|
828
|
2,037
|
2,865
|
-
|
2,865
|
Cash
and cash equivalents:
|
|
|
|
|
|
-
Cash at bank and on hand
|
15,603
|
-
|
15,603
|
-
|
15,603
|
-
Short-term investments
|
-
|
5,998
|
5,998
|
-
|
5,998
|
Total assets
|
48,172
|
58,218
|
106,390
|
8,383
|
114,773
|
|
|
|
|
|
|
|
Financial liabilities at amortized cost
|
Financial liabilities at fair value through profit or
loss
|
Subtotal financial liabilities
|
Non-financial liabilities
|
Total
|
|
|
Level 1
|
|
|
|
September 30, 2023
|
|
|
|
|
|
Liabilities as per Statements of Financial Position
|
|
|
|
|
|
Trade
and other payables (Note 16)
|
17,904
|
-
|
17,904
|
24,846
|
42,750
|
Borrowings
(Note 17)
|
140,341
|
-
|
140,341
|
-
|
140,341
|
Derivative
financial instruments:
|
|
|
|
|
|
-
Bond futures
|
-
|
14
|
14
|
-
|
14
|
Total liabilities
|
158,245
|
14
|
158,259
|
24,846
|
183,105
|
|
|
|
|
|
|
|
Financial assets at amortized cost
|
Financial assets at fair value through profit or loss
|
Subtotal financial assets
|
Non-financial assets
|
Total
|
|
|
Level 1
|
|
|
|
June 30, 2023
|
|
|
|
|
|
Assets as per Statements of Financial Position
|
|
|
|
|
|
Trade
and other receivables (excluding the allowance for doubtful
accounts and other receivables) (Note 14)
|
32,562
|
-
|
32,562
|
9,915
|
42,477
|
Investments
in financial assets:
|
|
|
|
|
|
-
Public companies’ securities
|
-
|
6,803
|
6,803
|
-
|
6,803
|
-
Mutual funds
|
-
|
27,169
|
27,169
|
-
|
27,169
|
-
Bonds
|
-
|
12,424
|
12,424
|
-
|
12,424
|
-
Others
|
845
|
1,745
|
2,590
|
-
|
2,590
|
Cash
and cash equivalents:
|
|
|
|
|
|
-
Cash at bank and on hand
|
7,084
|
-
|
7,084
|
-
|
7,084
|
-
Short term investments
|
-
|
4,693
|
4,693
|
-
|
4,693
|
Total assets
|
40,491
|
52,834
|
93,325
|
9,915
|
103,240
|
|
|
|
|
|
|
|
Financial liabilities at amortized cost
|
Financial liabilities at fair value through profit or
loss
|
Subtotal financial liabilities
|
Non-financial liabilities
|
Total
|
|
|
Level 1
|
|
|
|
June 30, 2023
|
|
|
|
|
|
Liabilities as per Statements of Financial Position
|
|
|
|
|
|
Trade
and other payables (Note 16)
|
26,513
|
-
|
26,513
|
27,272
|
53,785
|
Borrowings
(Note 17)
|
145,527
|
-
|
145,527
|
-
|
145,527
|
Derivative
financial instruments:
|
|
|
|
|
|
-
Bond futures
|
-
|
8
|
8
|
-
|
8
|
Total liabilities
|
172,040
|
8
|
172,048
|
27,272
|
199,320
|
|
|
|
|
|
|
|
09.30.2023
|
06.30.2023
|
Sale,
leases and services receivables
|
17,277
|
20,114
|
Less:
Allowance for doubtful accounts
|
(1,438)
|
(1,610)
|
Total trade receivables
|
15,839
|
18,504
|
Borrowings,
deposits and others
|
13,113
|
12,625
|
Advances
to suppliers
|
3,043
|
3,140
|
Tax
receivables
|
1,772
|
1,995
|
Prepaid
expenses
|
765
|
821
|
Long-term
incentive plan
|
1
|
1
|
Dividends
|
119
|
-
|
Others
|
4,034
|
3,781
|
Total other receivables
|
22,847
|
22,363
|
Total trade and other receivables
|
38,686
|
40,867
|
Non-current
|
8,514
|
5,982
|
Current
|
30,172
|
34,885
|
Total
|
38,686
|
40,867
|
|
09.30.2023
|
06.30.2023
|
Beginning of the period / year
|
1,610
|
2,481
|
Additions
(i)
|
105
|
283
|
Recovery
(i)
|
(51)
|
(163)
|
Exchange
rate differences
|
219
|
500
|
Inflation
adjustment
|
(445)
|
(1,491)
|
End of the period / year
|
1,438
|
1,610
|
|
|
|
|
Note
|
09.30.2023
|
09.30.2022
|
Profit
for the period
|
|
81,080
|
3,089
|
Adjustments
for:
|
|
|
|
Income
tax
|
19
|
42,950
|
3,620
|
Amortization
and depreciation
|
21
|
575
|
520
|
Loss
from disposal of property, plant and equipment
|
|
1
|
-
|
Net
(gain) / loss from fair value adjustment of investment
properties
|
8
|
(102,292)
|
15,797
|
Loss
from disposal of joint ventures
|
|
558
|
-
|
Realization
of currency translation adjustment
|
|
-
|
(365)
|
Gain
from disposal of trading properties
|
|
(26)
|
(717)
|
Financial
results, net
|
|
(2,695)
|
(9,036)
|
Provisions
and allowances
|
|
(2,969)
|
845
|
Share
of profit of associates and joint ventures
|
7
|
(2,217)
|
(2,281)
|
Changes in operating assets and liabilities:
|
|
|
|
(Increase)
/ decrease in inventories
|
|
(89)
|
2
|
(Increase)
/ decrease in trading properties
|
|
(20)
|
26
|
Decrease
in trade and other receivables
|
|
3,066
|
2,709
|
Decrease
in trade and other payables
|
|
(4,551)
|
(1,322)
|
Decrease
in salaries and social security liabilities
|
|
(1,474)
|
(484)
|
Decrease
in provisions
|
|
(92)
|
(24)
|
Net cash generated by operating activities before income tax
paid
|
|
11,805
|
12,379
|
|
|
|
|
09.30.2023
|
09.30.2022
|
Issuance
of non-convertible notes
|
-
|
53,547
|
Increase
in investment properties through an increase in trade and other
payables
|
-
|
10
|
Currency
translation adjustment
|
336
|
620
|
Decrease
in investment properties through an increase in property, plant and
equipment
|
4
|
-
|
Decrease
in investments in financial assets through a decrease in trade and
other payables
|
-
|
496
|
Decrease
in dividends receivables through an increase in investments in
financial assets
|
-
|
14
|
Decrease
in Shareholders’ Equity through a decrease in trade and other
receivables
|
1,511
|
-
|
Increase
in right-of-use assets through a decrease in lease
liabilities
|
296
|
88
|
Decrease
in Shareholders’ Equity through an increase in trade and
other payables
|
-
|
71
|
Increase
in intangible assets through a decrease in trading
properties
|
-
|
677
|
Barter
transactions of investment properties
|
226
|
-
|
Decrease
in investment properties through an increase in trade and other
receivables
|
904
|
-
|
Decrease
in investments in associates and joint ventures through an increase
in trade and other receivables
|
651
|
-
|
|
|
|
|
09.30.2023
|
06.30.2023
|
Customers´
advances (*)
|
11,516
|
12,254
|
Trade
payables
|
3,326
|
3,810
|
Accrued
invoices
|
2,740
|
3,306
|
Admission
fees (*)
|
10,481
|
11,015
|
Other
income to be accrued
|
190
|
195
|
Tenant
deposits
|
171
|
190
|
Total trade payables
|
28,424
|
30,770
|
Taxes
payable
|
2,659
|
3,806
|
Other
payables
|
11,667
|
19,209
|
Total other payables
|
14,326
|
23,015
|
Total trade and other payables
|
42,750
|
53,785
|
Non-current
|
11,836
|
13,264
|
Current
|
30,914
|
40,521
|
Total
|
42,750
|
53,785
|
|
|
|
|
Book value
|
Fair value
|
||
|
09.30.2023
|
06.30.2023
|
09.30.2023
|
06.30.2023
|
Non-convertible
notes
|
128,491
|
130,236
|
127,751
|
131,150
|
Bank
loans and others
|
3,818
|
3,472
|
3,818
|
3,472
|
Bank
overdrafts
|
5,057
|
8,887
|
5,057
|
8,887
|
Other
borrowings
|
2,353
|
2,319
|
2,353
|
2,319
|
Loans
with non-controlling interests
|
622
|
613
|
622
|
613
|
Total borrowings
|
140,341
|
145,527
|
139,601
|
146,441
|
Non-current
|
87,081
|
90,767
|
|
|
Current
|
53,260
|
54,760
|
|
|
Total
|
140,341
|
145,527
|
|
|
|
|
|
|
|
|
Legal claims (iii)
|
Investments in associates and joint ventures (ii)
|
09.30.2023
|
06.30.2023
|
Beginning of period / year
|
9,116
|
2
|
9,118
|
1,146
|
Additions
(i)
|
681
|
-
|
681
|
10,349
|
Share
of loss of associates
|
-
|
2
|
2
|
(22)
|
Recovery
(i)
|
(19)
|
-
|
(19)
|
(302)
|
Used
during the period / year
|
(92)
|
-
|
(92)
|
(90)
|
Inflation
adjustment
|
(649)
|
-
|
(649)
|
(1,963)
|
End of period / year
|
9,037
|
4
|
9,041
|
9,118
|
Non-current
|
|
|
7,896
|
7,980
|
Current
|
|
|
1,145
|
1,138
|
Total
|
|
|
9,041
|
9,118
|
|
|
|
|
|
|
09.30.2023
|
09.30.2022
|
Current
income tax
|
(1,423)
|
(7,673)
|
Deferred
income tax
|
(41,527)
|
4,053
|
Income tax
|
(42,950)
|
(3,620)
|
|
|
|
|
09.30.2023
|
09.30.2022
|
Profit for the period at tax rate applicable in the respective
countries
|
(43,787)
|
(2,211)
|
Permanent differences:
|
|
|
Share
of loss of associates and joint ventures
|
1,271
|
1,613
|
(Provision)
/ recovery of tax loss carry forwards
|
(130)
|
(872)
|
Inflation
adjustment permanent difference
|
(1,496)
|
8,938
|
Difference
between provision and tax return
|
1,533
|
-
|
Non-taxable
profit, non-deductible expenses and others
|
(1,467)
|
(1,187)
|
Tax
inflation adjustment
|
1,126
|
(9,901)
|
Income tax
|
(42,950)
|
(3,620)
|
|
|
|
|
09.30.2023
|
06.30.2023
|
Beginning of period / year
|
(222,230)
|
(286,330)
|
Deferred
income tax charge
|
(41,527)
|
64,100
|
End of period / year
|
(263,757)
|
(222,230)
|
Deferred
income tax assets
|
974
|
1,159
|
Deferred
income tax liabilities
|
(264,731)
|
(223,389)
|
Deferred income tax liabilities, net
|
(263,757)
|
(222,230)
|
|
|
|
|
09.30.2023
|
09.30.2022
|
Base
rent
|
9,353
|
7,744
|
Contingent
rent
|
6,580
|
6,262
|
Admission
rights
|
1,488
|
1,179
|
Parking
fees
|
925
|
612
|
Commissions
|
219
|
226
|
Property
management fees
|
150
|
149
|
Others
|
187
|
145
|
Averaging
of scheduled rent escalation
|
239
|
26
|
Rentals and services income
|
19,141
|
16,343
|
Revenue
from hotels operation and tourism services
|
5,981
|
4,772
|
Sale
of trading properties
|
36
|
944
|
Total revenues from sales, rentals and services
|
25,158
|
22,059
|
Expenses
and collective promotion fund
|
5,567
|
5,744
|
Total revenues from expenses and collective promotion
funds
|
5,567
|
5,744
|
Total Group’s revenues
|
30,725
|
27,803
|
|
Costs
|
General and administrative expenses
|
Selling expenses
|
09.30.2023
|
09.30.2022
|
Cost
of sale of goods and services
|
504
|
-
|
-
|
504
|
601
|
Salaries,
social security costs and other personnel expenses
|
3,607
|
1,708
|
285
|
5,600
|
5,302
|
Depreciation
and amortization
|
424
|
133
|
18
|
575
|
520
|
Fees
and payments for services
|
232
|
641
|
126
|
999
|
812
|
Maintenance,
security, cleaning, repairs and others
|
3,078
|
368
|
5
|
3,451
|
3,223
|
Advertising
and other selling expenses
|
1,213
|
8
|
271
|
1,492
|
1,802
|
Taxes,
rates and contributions
|
588
|
203
|
841
|
1,632
|
1,526
|
Director´s
fees (Note 25) (i)
|
-
|
(3,685)
|
-
|
(3,685)
|
716
|
Leases
and service charges
|
102
|
14
|
2
|
118
|
174
|
Allowance
for doubtful accounts, net
|
-
|
-
|
54
|
54
|
(56)
|
Other
expenses
|
250
|
200
|
8
|
458
|
358
|
Total as of September 30, 2023
|
9,998
|
(410)
|
1,610
|
11,198
|
-
|
Total as of September 30, 2022
|
10,161
|
3,642
|
1,175
|
-
|
14,978
|
|
|
|
|
|
|
|
09.30.2023
|
09.30.2022
|
Inventories
at the beginning of the period
|
8,776
|
9,760
|
Purchases
and expenses
|
9,995
|
10,399
|
Currency
translation adjustment
|
(73)
|
(381)
|
Disposals
|
(10)
|
(226)
|
Inventories
at the end of the period
|
(8,690)
|
(9,391)
|
Total costs
|
9,998
|
10,161
|
|
|
|
|
09.30.2023
|
06.30.2023
|
Real
estate
|
8,303
|
8,330
|
Others
|
387
|
446
|
Total inventories at the end of the period (*)
|
8,690
|
8,776
|
|
|
|
|
09.30.2023
|
09.30.2022
|
Realization
of currency translation adjustment (*)
|
-
|
364
|
Donations
|
(33)
|
(70)
|
Loss
from disposal of joint ventures
|
(558)
|
-
|
Lawsuits
and other contingencies
|
(662)
|
(185)
|
Administration
fees
|
34
|
39
|
Interest
and allowances generated by operating credits
|
303
|
103
|
Loss
from disposal of property, plant and equipment
|
(1)
|
-
|
Others
|
503
|
201
|
Total other operating results, net
|
(414)
|
452
|
|
|
|
|
09.30.2023
|
09.30.2022
|
Finance
income:
|
|
|
-
Interest income
|
378
|
140
|
Total finance income
|
378
|
140
|
Finance
costs:
|
|
|
-
Interest expenses
|
(3,700)
|
(3,964)
|
-
Other finance costs
|
(421)
|
(440)
|
Total finance costs
|
(4,121)
|
(4,404)
|
Other
financial results:
|
|
|
-
Fair value gain / (loss) of financial assets and liabilities at
fair value through profit or loss, net
|
290
|
(4,465)
|
-
Exchange rate differences, net
|
(4,008)
|
4,947
|
-
(Loss) / gain from repurchase of non-convertible notes
|
(31)
|
216
|
-
(Loss) / gain from derivative financial instruments,
net
|
(8)
|
24
|
-
Other financial results
|
1,398
|
(210)
|
Total other financial results
|
(2,359)
|
512
|
- Inflation
adjustment
|
6,510
|
10,700
|
Total financial results, net
|
408
|
6,948
|
|
|
|
Item
|
09.30.2023
|
06.30.2023
|
Trade
and other receivables
|
10,444
|
10,528
|
Investments
in financial assets
|
2,240
|
2,322
|
Borrowings
|
(415)
|
(415)
|
Trade
and other payables
|
(9,102)
|
(17,821)
|
Total
|
3,167
|
(5,386)
|
|
|
|
Related party
|
09.30.2023
|
06.30.2023
|
Description of transaction
|
Item
|
New
Lipstick LLC
|
85
|
84
|
Reimbursement
of expenses receivable
|
Trade
and other receivable
|
Comparaencasa
Ltd.
|
761
|
754
|
Other
investments
|
Investments
in financial assets
|
|
54
|
-
|
Loans
granted
|
Trade
and other receivable
|
Galerias
Pacifico
|
1,233
|
2,117
|
Others
|
Trade
and other receivable
|
La
Rural S.A.
|
1,315
|
1,073
|
Loans
granted
|
Trade
and other receivable
|
|
(13)
|
(185)
|
Others
|
Trade
and other payables
|
|
21
|
3
|
Others
|
Trade
and other receivable
|
Other
associates and joint ventures
|
1
|
1
|
Reimbursement
of expenses receivable
|
Trade
and other receivable
|
|
(113)
|
(115)
|
Loans
obtained
|
Borrowings
|
|
16
|
16
|
Leases
and/or rights of use receivable
|
Trade
and other receivable
|
|
-
|
61
|
Irrevocable
contributions pending subscription
|
Trade
and other receivable
|
|
26
|
36
|
Management
Fee
|
Trade
and other receivable
|
|
(180)
|
(181)
|
Non-convertible
notes
|
Borrowings
|
|
(35)
|
(94)
|
Others
|
Trade
and other payables
|
|
19
|
24
|
Others
|
Trade
and other receivable
|
|
1
|
1
|
Share
based payments
|
Trade
and other payables
|
|
4
|
-
|
Loans
granted
|
Trade
and other receivable
|
|
119
|
-
|
Dividends
|
Trade
and other receivable
|
Total associates and joint ventures
|
3,314
|
3,595
|
|
|
Cresud
|
332
|
-
|
Reimbursement
of expenses receivable
|
Trade
and other receivable
|
|
(29)
|
(1,057)
|
Corporate
services receivable
|
Trade
and other payables
|
|
478
|
576
|
Non-convertible
notes
|
Investments
in financial assets
|
|
(252)
|
(340)
|
Others
|
Trade
and other payables
|
|
(3)
|
(4)
|
Share
based payments
|
Trade
and other payables
|
Total parent company
|
526
|
(825)
|
|
|
Futuros
y Opciones S.A.
|
1
|
1
|
Others
|
Trade
and other receivable
|
Helmir
S.A.
|
(122)
|
(119)
|
Non-convertible
notes
|
Borrowings
|
Total subsidiaries of parent company
|
(121)
|
(118)
|
|
|
Directors
|
(8,610)
|
(15,960)
|
Fees
for services received
|
Trade
and other payables
|
Rundel
Global LTD
|
1,001
|
992
|
Other
investments
|
Investments
in financial assets
|
Yad
Levim LTD
|
6,533
|
6,389
|
Loans
granted
|
Trade
and other receivable
|
Others
(1)
|
(28)
|
(12)
|
Leases
and/or rights of use receivable
|
Trade
and other payables
|
|
660
|
689
|
Others
|
Trade
and other receivable
|
|
(133)
|
(170)
|
Others
|
Trade
and other payables
|
|
25
|
34
|
Reimbursement
of expenses receivable
|
Trade
and other receivable
|
Total directors and others
|
(552)
|
(8,038)
|
|
|
Total at the end of the year
|
3,167
|
(5,386)
|
|
|
|
|
|
|
|
Related party
|
09.30.2023
|
09.30.2022
|
Description of transaction
|
Condor
|
-
|
5
|
Financial
operations
|
BHN
Vida S.A
|
(3)
|
2
|
Leases
and/or rights of use
|
BHN
Seguros Generales S.A.
|
(1)
|
2
|
Leases
and/or rights of use
|
Comparaencasa
Ltd.
|
43
|
(69)
|
Financial
operations
|
Otras
asociadas y negocios conjuntos
|
11
|
95
|
Financial
operations
|
|
(9)
|
(14)
|
Leases
and/or rights of use
|
|
28
|
33
|
Corporate
services
|
Total associates and joint ventures
|
69
|
54
|
|
Cresud
|
13
|
38
|
Leases
and/or rights of use
|
|
(987)
|
(1,160)
|
Corporate
services
|
|
14
|
1,663
|
Financial
operations
|
Total parent company
|
(960)
|
541
|
|
Helmir
|
(4)
|
-
|
Financial
operations
|
Total subsidiaries of parent company
|
(4)
|
-
|
|
Directors
(1)
|
3,685
|
(717)
|
Fees
and remunerations
|
Senior
Management
|
(54)
|
(91)
|
Fees
and remunerations
|
Rundel
Globa LTD
|
298
|
-
|
Financial
operations
|
Yad
Leviim LTD
|
76
|
74
|
Financial
operations
|
Others
(2)
|
5
|
2
|
Corporate
services
|
|
(12)
|
2
|
Leases
and/or rights of use
|
|
(56)
|
(12)
|
Financial
operations
|
|
(30)
|
(60)
|
Donations
|
|
-
|
2
|
Corporate
services
|
|
(110)
|
(19)
|
Fees
and remuneration
|
|
(48)
|
(24)
|
Legal
services
|
Total others
|
3,754
|
(843)
|
|
Total at the end of the year
|
2,859
|
(248)
|
|
|
|
|
|
Related party
|
09.30.2023
|
09.30.2022
|
Description of the operation
|
Quality
Invest S.A.
|
(9,421)
|
-
|
Sale
of shares
|
Total sale of shares
|
(9,421)
|
-
|
|
Condor
|
-
|
141
|
Dividends
received
|
Nuevo
Puerto Santa Fe
|
160
|
-
|
Dividends
received
|
Total dividends received
|
160
|
141
|
|
|
|
|
|
Exhibit
A - Property, plant and equipment
|
Note 8
Investment properties and Note 9 Property, plant and
equipment
|
Exhibit
B - Intangible assets
|
Note 11
Intangible assets
|
Exhibit
C - Investment in associates
|
Note 7
Investments in associates and joint ventures
|
Exhibit
D - Other investments
|
Note 13
Financial instruments by category
|
Exhibit
E - Provisions and allowances
|
Note 14
Trade and other receivables and Note 18 Provisions
|
Exhibit
F - Cost of sales and services provided
|
Note 22
Costs
|
Exhibit
G - Foreign currency assets and liabilities
|
Note 27
Foreign currency assets and liabilities
|
Item / Currency
(1)
|
Amount
(2)
|
Peso exchange rate (3)
|
09.30.2023
|
06.30.2023
|
Assets
|
|
|
|
|
Trade and other receivables
|
|
|
|
|
US
Dollar
|
27.86
|
348.95
|
9,722
|
8,840
|
Euros
|
0.08
|
368.32
|
30
|
31
|
Receivables with related parties:
|
|
|
|
|
US
Dollar
|
20.20
|
349.95
|
7,070
|
7,030
|
Total trade and other receivables
|
|
|
16,822
|
15,901
|
Investments in financial assets
|
|
|
|
|
US
Dollar
|
60.43
|
348.95
|
21,088
|
24,691
|
Pounds
|
0.68
|
425.20
|
289
|
320
|
New
Israel Shekel
|
6.21
|
91.72
|
570
|
471
|
Investments with related parties:
|
|
|
|
|
US
Dollar
|
5.77
|
349.95
|
2,020
|
2,030
|
Total investments in financial assets
|
|
|
23,967
|
27,512
|
Cash and cash equivalents
|
|
|
|
|
US
Dollar
|
37.33
|
348.95
|
13,026
|
5,877
|
Euros
|
0.01
|
368.32
|
2
|
3
|
New
Israel Shekel
|
0.11
|
91.72
|
10
|
35
|
Total cash and cash equivalents
|
|
|
13,038
|
5,915
|
Total Assets
|
|
|
53,827
|
49,328
|
|
|
|
|
|
Liabilities
|
|
|
|
|
Trade and other payables
|
|
|
|
|
US
Dollar
|
16.35
|
349.95
|
5,723
|
5,654
|
Uruguayan
pesos
|
1.10
|
9.10
|
10
|
12
|
Payables to related parties:
|
|
|
|
|
US
Dollar
|
0.04
|
349.95
|
14
|
16
|
Total Trade and other payables
|
|
|
5,747
|
5,682
|
Borrowings
|
|
|
|
|
US
Dollar
|
332.78
|
349.95
|
116,455
|
117,008
|
Borrowings with related parties
|
|
|
|
|
US
Dollar
|
1.13
|
349.95
|
397
|
392
|
Total Borrowings
|
|
|
116,852
|
117,400
|
Derivative financial instruments
|
|
|
|
|
US
Dollar
|
0.04
|
349.95
|
14
|
8
|
Total derivative financial instruments
|
|
|
14
|
8
|
Lease liabilities
|
|
|
|
|
US
Dollar
|
12.38
|
349.95
|
4,334
|
3,923
|
Total lease liabilities
|
|
|
4,334
|
3,923
|
Provisions
|
|
|
|
|
New
Israel Shekel
|
80.69
|
91.72
|
7,401
|
7,464
|
Total Provisions
|
|
|
7,401
|
7,464
|
Total Liabilities
|
|
|
134,348
|
134,477
|
|
|
|
|
|
PRICE
WATERHOUSE & CO. S.R.L.
(Partner)
|
|
ABELOVICH,
POLANO & ASOCIADOS S.R.L.
(Partner)
|
C.P.C.E.C.A.B.A. V° 1 F° 17
|
|
C.P.C.E.C.A.B.A.
V. 1 F. 30
Marcelo
Héctor Fuxman
Public
Accountant (UBA)
C.P.C.E.
C.A.B.A. V. 134 F. 85
|
Carlos Brondo
Public Accountant (UNCUYO)
C.P.C.E.C.A.B.A. V. 391 F. 078
|
|
Noemí
I. Cohn
Public Accountant (UBA)
C.P.C.E. C.A.B.A. V. 116 F. 135
|
|
Note
|
09.30.2023
|
06.30.2023
|
ASSETS
|
|
|
|
Non-current assets
|
|
|
|
Investment
properties
|
7
|
655,203
|
585,795
|
Property,
plant and equipment
|
8
|
1,748
|
1,768
|
Trading
properties
|
9
|
3,947
|
3,930
|
Intangible
assets
|
10
|
9,800
|
9,789
|
Right
of use assets
|
11
|
791
|
520
|
Investments
in subsidiaries, associates and joint ventures
|
6
|
220,267
|
212,380
|
Trade
and other receivables
|
13
|
17,573
|
14,329
|
Total non-current assets
|
|
909,329
|
828,511
|
Current assets
|
|
|
|
Trading
properties
|
9
|
14
|
28
|
Inventories
|
|
131
|
152
|
Income
tax credit
|
|
748
|
910
|
Trade
and other receivables
|
13
|
13,962
|
18,047
|
Investments
in financial assets
|
12
|
35,797
|
31,601
|
Cash
and cash equivalents
|
12
|
12,111
|
4,637
|
Total current assets
|
|
62,763
|
55,375
|
TOTAL ASSETS
|
|
972,092
|
883,886
|
SHAREHOLDERS’ EQUITY
|
|
|
|
Shareholders'
equity (according to corresponding statements)
|
|
563,878
|
488,892
|
TOTAL SHAREHOLDERS’ EQUITY
|
|
563,878
|
488,892
|
LIABILITIES
|
|
|
|
Non-current liabilities
|
|
|
|
Trade
and other payables
|
15
|
8,246
|
9,079
|
Borrowings
|
16
|
91,279
|
95,057
|
Deferred
income tax liabilities
|
17
|
208,423
|
177,944
|
Provisions
|
18
|
686
|
581
|
Lease
liabilities
|
|
705
|
448
|
Total non-current liabilities
|
|
309,339
|
283,109
|
Current liabilities
|
|
|
|
Trade
and other payables
|
15
|
23,104
|
32,844
|
Salaries
and social security liabilities
|
|
1,107
|
2,142
|
Borrowings
|
16
|
73,723
|
75,975
|
Provisions
|
18
|
816
|
847
|
Lease
liabilities
|
|
125
|
77
|
Total current liabilities
|
|
98,875
|
111,885
|
TOTAL LIABILITIES
|
|
408,214
|
394,994
|
TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES
|
|
972,092
|
883,886
|
|
..
Alejandro G. Elsztain
Vicepresident II
|
|
Note
|
09.30.2023
|
09.30.2022
|
Revenues
|
19
|
19,458
|
17,983
|
Costs
|
20
|
(5,694)
|
(6,350)
|
Gross profit
|
|
13,764
|
11,633
|
Net
gain / (loss) from fair value adjustment of investment
properties
|
7
|
73,966
|
(11,714)
|
General
and administrative expenses
|
20
|
1,713
|
(2,585)
|
Selling
expenses
|
20
|
(1,021)
|
(667)
|
Other
operating results, net
|
21
|
(549)
|
-
|
Profit / (loss) from operations
|
|
87,873
|
(3,333)
|
Share
of profit / (loss) of subsidiaries, associates and joint
ventures
|
6
|
19,143
|
(141)
|
Profit / (loss) before financial results and income
tax
|
|
107,016
|
(3,474)
|
Finance
income
|
22
|
107
|
62
|
Finance
costs
|
22
|
(3,876)
|
(4,348)
|
Other
financial results
|
22
|
(916)
|
2,135
|
Inflation
adjustment
|
22
|
5,190
|
9,584
|
Financial results, net
|
|
505
|
7,433
|
Profit before income tax
|
|
107,521
|
3,959
|
Income
tax
|
17
|
(30,479)
|
(1,191)
|
Profit for the period
|
|
77,042
|
2,768
|
|
|
|
|
Other comprehensive loss:
|
|
|
|
Items that may be reclassified subsequently to profit or
loss:
|
|
|
|
Currency
translation adjustment and other comprehensive results of
subsidiaries, associates and joint ventures
|
|
(326)
|
(584)
|
Total other comprehensive loss for the period (i)
|
|
(326)
|
(584)
|
Total comprehensive income for the period
|
|
76,716
|
2,184
|
|
|
|
|
Profit per share for the period (ii)
|
|
|
|
Basic
|
|
104.82
|
3.74
|
Diluted
|
|
103.27
|
3.83
|
|
..
Alejandro G. Elsztain
Vicepresident II
|
|
Share capital
|
|
|
|
|
|
|
|
|
|
||
|
Outstanding shares
|
Shares to issue (iii)
|
Treasury shares
|
Inflation adjustment of share capital and treasury shares
(i)
|
Warrants (ii)
|
Share premium
|
Additional paid-in capital from treasury shares
|
Legal reserve
|
Special Reserve Resolution CNV 609/12
|
Other reserves (iv)
|
Retained earnings
|
Total Shareholders’ equity
|
Balance as of June 30, 2023
|
799
|
6,553
|
12
|
113,704
|
8,447
|
172,600
|
677
|
13,533
|
67,326
|
27,920
|
77,321
|
488,892
|
Profit
for the period
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
77,042
|
77,042
|
Other
comprehensive loss for the period
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(326)
|
-
|
(326)
|
Total comprehensive (loss) / income for the period
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(326)
|
77,042
|
76,716
|
Repurchase
of treasury shares (ii)
|
(132)
|
-
|
132
|
-
|
-
|
-
|
-
|
-
|
-
|
(1,742)
|
-
|
(1,742)
|
Exercise
of warrants (ii)
|
-
|
-
|
-
|
-
|
(7)
|
21
|
-
|
-
|
-
|
-
|
-
|
14
|
Issuance
of shares (iii)
|
6,553
|
(6,553)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Changes
in non-controlling interest
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(2)
|
-
|
(2)
|
Balance as of September 30, 2023
|
7,220
|
-
|
144
|
113,704
|
8,440
|
172,621
|
677
|
13,533
|
67,326
|
25,850
|
154,363
|
563,878
|
|
Cost of treasury shares
|
Reserve for future dividends
|
Reserve for currency translation adjustment
|
Special reserve
|
Other reserves (i)
|
Total other reserves
|
Balance as of June 30, 2023
|
(4,483)
|
12,114
|
255
|
41,942
|
(21,908)
|
27,920
|
Other
comprehensive loss for the period
|
-
|
-
|
(326)
|
-
|
-
|
(326)
|
Total comprehensive loss for the period
|
-
|
-
|
(326)
|
-
|
-
|
(326)
|
Repurchase
of treasury shares
|
(1,742)
|
-
|
-
|
-
|
-
|
(1,742)
|
Changes
in non-controlling interest
|
-
|
-
|
-
|
-
|
(2)
|
(2)
|
Balance as of September 30, 2023
|
(6,225)
|
12,114
|
(71)
|
41,942
|
(21,910)
|
25,850
|
|
.
Alejandro G. Elsztain
Vicepresident II
|
|
Share capital
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding shares
|
Treasury shares
|
Inflation adjustment of share capital and treasury shares
(i)
|
Warrants
|
Share premium
|
Additional paid-in capital from treasury shares
|
Legal reserve
|
Special Reserve Resolution CNV 609/12
|
Other reserves (ii)
|
Retained earnings
|
Total Shareholders’ equity
|
Balance as of June 30, 2022
|
805
|
6
|
101,212
|
8,473
|
191,579
|
705
|
9,062
|
67,326
|
(6,211)
|
89,418
|
462,375
|
Profit
for the period
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
2,768
|
2,768
|
Other
comprehensive loss for the period
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(584)
|
-
|
(584)
|
Total comprehensive (loss) / income for the
period
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(584)
|
2,768
|
2,184
|
Repurchase
of treasury shares
|
(5)
|
5
|
-
|
-
|
-
|
-
|
-
|
-
|
(1,637)
|
-
|
(1,637)
|
Exercise
of warrants
|
-
|
-
|
-
|
-
|
2
|
-
|
-
|
-
|
-
|
-
|
2
|
Reserve
for share-based payments
|
-
|
-
|
-
|
-
|
-
|
(7)
|
-
|
-
|
7
|
-
|
-
|
Other
changes in equity
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
95
|
-
|
95
|
Balance as of September 30, 2022
|
800
|
11
|
101,212
|
8,473
|
191,581
|
698
|
9,062
|
67,326
|
(8,330)
|
92,186
|
463,019
|
|
Cost of treasury shares
|
Reserve for future dividends
|
Reserve for currency translation adjustment
|
Special reserve
|
Other reserves (i)
|
Total other reserves
|
Balance as of June 30, 2022
|
(2,164)
|
12,114
|
1,465
|
3,886
|
(21,512)
|
(6,211)
|
Other
comprehensive loss for the period
|
-
|
-
|
(584)
|
-
|
-
|
(584)
|
Total comprehensive loss for the period
|
-
|
-
|
(584)
|
-
|
-
|
(584)
|
Repurchase
of treasury shares
|
(1,637)
|
-
|
-
|
-
|
-
|
(1,637)
|
Reserve
for share-based payments
|
10
|
-
|
-
|
-
|
(3)
|
7
|
Other
changes in equity
|
-
|
-
|
95
|
-
|
-
|
95
|
Balance as of September 30, 2022
|
(3,791)
|
12,114
|
976
|
3,886
|
(21,515)
|
(8,330)
|
|
..
Alejandro G. Elsztain
Vicepresident II
|
|
Note
|
09.30.2023
|
09.30.2022
|
Operating
activities:
|
|
|
|
Net cash generated
from operations before income tax paid
|
14
|
6,634
|
8,979
|
Income tax
paid
|
|
(92)
|
(1,496)
|
Net
cash flow generated from operating activities
|
|
6,542
|
7,483
|
Investing activities:
|
|
|
|
Acquisition
of investment properties
|
7
|
(1,207)
|
(1,065)
|
Acquisition
of property, plant and equipment
|
8
|
(80)
|
(31)
|
Acquisition
of intangible assets
|
10
|
(29)
|
(2)
|
Increase
of investments in financial assets
|
|
(14,781)
|
(14,883)
|
Proceeds
from sale of investment properties
|
|
4,847
|
4,322
|
Proceeds
from sale of property, plant and equipment
|
|
1
|
-
|
Proceeds
from sale of joint ventures
|
|
8,472
|
-
|
Derivative
financial instruments, net
|
|
-
|
(5)
|
Increase
in loans granted to related parties
|
|
(122)
|
(86)
|
Proceeds
from sale of investments in financial assets
|
|
10,893
|
17,194
|
Capital
contributions to subsidiaries, associates and joint ventures
pending subscription
|
|
(27)
|
(200)
|
Interest
collected
|
|
9
|
93
|
Net cash flow generated from investing activities
|
|
7,976
|
5,337
|
Financing activities:
|
|
|
|
Payment
of short-term loans, net
|
|
(2,571)
|
(12,783)
|
Interests
paid
|
|
(2,046)
|
(5,957)
|
Loans
obtained from subsidiaries, associates and joint
ventures
|
|
961
|
894
|
Payment
of loans from subsidiaries, associates and joint
ventures
|
|
-
|
(45)
|
Payment
of lease liabilities
|
|
(41)
|
(2)
|
Repurchase
of treasury shares
|
|
(1,742)
|
(1,637)
|
Exercise
of warrants
|
|
14
|
2
|
Payment
of borrowings and non-convertible notes
|
|
(2,906)
|
(22,849)
|
Borrowings,
issuance and new placement of non-convertible notes
|
|
841
|
-
|
Net cash flow used in financing activities
|
|
(7,490)
|
(42,377)
|
Increase / (decrease) in cash and cash equivalents,
net
|
|
7,028
|
(29,557)
|
Cash
and cash equivalents at the beginning of the period
|
|
4,637
|
30,481
|
Foreign
exchange gain in cash and changes in fair value of cash
equivalents
|
|
457
|
415
|
Result
from exposure to inflation on cash and cash
equivalents
|
|
(11)
|
(191)
|
Cash and cash equivalents at the end of the period
|
12
|
12,111
|
1,148
|
|
..
Alejandro G. Elsztain
Vicepresident II
|
|
09.30.2023
|
06.30.2023
|
Beginning of period / year
|
212,111
|
231,208
|
Share
of profit / (loss)
|
19,143
|
(6,431)
|
Other
comprehensive loss
|
(326)
|
(1,765)
|
Capital
contributions (Note 23)
|
17
|
391
|
Sale
/ acquisition of interest (i)
|
(9,421)
|
109
|
Changes
in non-controlling interest
|
-
|
(35)
|
Dividends
(Note 23)
|
(1,672)
|
(4,886)
|
Decrease
in participation (ii)
|
-
|
(6,675)
|
Other
changes in subsidiaries’ equity
|
(2)
|
195
|
End of the period / year (iii)
|
219,850
|
212,111
|
Name of the entity
|
% ownership interest
|
Company'sinterest in equity
|
Company’sinterest in comprehensive income /
(loss)
|
|||
|
09.30.2023
|
06.30.2023
|
09.30.2023
|
06.30.2023
|
09.30.2023
|
09.30.2022
|
Subsidiaries
|
|
|
|
|
|
|
Tyrus
S.A.
|
100.00%
|
100.00%
|
11,059
|
11,655
|
(588)
|
(399)
|
Efanur
S.A. (*)
|
-
|
-
|
-
|
-
|
-
|
69
|
Ritelco
S.A.
|
100.00%
|
100.00%
|
5,429
|
5,079
|
347
|
250
|
Inversora
Bolívar S.A.
|
96.57%
|
96.57%
|
5,361
|
5,048
|
313
|
236
|
ECLASA
|
98.93%
|
98.93%
|
7,678
|
7,292
|
386
|
48
|
Palermo
Invest S.A.
|
97.34%
|
97.34%
|
6,485
|
6,156
|
328
|
250
|
Nuevas
Fronteras S.A.
|
76.34%
|
76.34%
|
2,453
|
2,273
|
180
|
(2)
|
Llao
Llao Resorts S.A.
|
50.00%
|
50.00%
|
2,610
|
2,113
|
498
|
174
|
Hoteles
Argentinos S.A.U.
|
100.00%
|
100.00%
|
1,457
|
1,343
|
114
|
(55)
|
Liveck
S.A.
|
9.30%
|
9.30%
|
525
|
520
|
(13)
|
(26)
|
Panamerican
Mall S.A.
|
80.00%
|
80.00%
|
107,008
|
92,359
|
14,649
|
(2,230)
|
Torodur
S.A.
|
100.00%
|
100.00%
|
29,580
|
29,356
|
224
|
(941)
|
Arcos
del Gourmet S.A.
|
90.00%
|
90.00%
|
12,224
|
11,643
|
581
|
367
|
Shopping
Neuquén S.A.
|
99.95%
|
99.95%
|
11,235
|
10,733
|
502
|
(67)
|
Centro
de Entretenimientos La Plata S.A. (5) (6)
|
95.40%
|
95.40%
|
3,586
|
2,686
|
901
|
100
|
We
Are Appa S.A. (4)
|
98.67%
|
98.67%
|
(416)
|
(268)
|
(148)
|
(269)
|
Entertainment
Holdings S.A.
|
70.00%
|
70.00%
|
1,399
|
1,057
|
342
|
281
|
Emprendimiento
Recoleta S.A. (3)
|
53.68%
|
53.68%
|
146
|
175
|
(30)
|
(7)
|
Entretenimiento
Universal S.A. (4)
|
3.75%
|
3.75%
|
(1)
|
(1)
|
-
|
2
|
Fibesa
S.A.U.
|
100.00%
|
100.00%
|
540
|
128
|
412
|
231
|
IRSA
- Galerías Pacífico S.A. - U.T. (9)
|
50.00%
|
50.00%
|
-
|
1,832
|
(322)
|
522
|
Associates
|
|
|
|
|
|
|
Banco
Hipotecario S.A. (1) (2)
|
4.93%
|
4.93%
|
5,486
|
5,162
|
324
|
250
|
Banco
de Crédito y Securitización S.A. (2)
|
37.72%
|
37.72%
|
2,022
|
1,897
|
125
|
12
|
GCDI
S.A. (Ex TGLT S.A.) (7)
|
27.82%
|
27.82%
|
2,137
|
2,582
|
(445)
|
631
|
Joint ventures
|
|
|
|
|
|
|
Cyrsa
S.A.
|
50.00%
|
50.00%
|
198
|
201
|
(3)
|
(12)
|
Quality
Invest S.A. (8)
|
-
|
50.00%
|
-
|
9,421
|
-
|
(133)
|
Nuevo
Puerto Santa Fe S.A. (6)
|
50.00%
|
50.00%
|
1,649
|
1,669
|
140
|
(7)
|
Total subsidiaries, associates and joint ventures
|
|
|
219,850
|
212,111
|
18,817
|
(725)
|
|
|
|
|
Latest financial information issued
|
||
Name of the entity
|
Location of business / Country of incorporation
|
Main activity
|
Common shares 1 vote
|
Share capital (nominal value)
|
(Loss) / profit for the period
|
Shareholders’ equity
|
Subsidiaries
|
|
|
|
|
|
|
Tyrus
S.A.
|
Uruguay
|
Investment
|
21,365,969,546
|
12,213
|
(295)
|
10,942
|
Ritelco
S.A.
|
Uruguay
|
Investment
|
453,321,176
|
94
|
341
|
5,431
|
Inversora
Bolívar S.A.
|
Argentina
|
Investment
|
1,726,178,768
|
1,788
|
324
|
5,551
|
ECLASA
|
Argentina
|
Investment
|
1,710,302,484
|
1,729
|
390
|
7,747
|
Palermo
Invest S.A.
|
Argentina
|
Investment
|
1,327,155,303
|
1,363
|
337
|
5,738
|
Nuevas
Fronteras S.A.
|
Argentina
|
Hotel
|
38,068,363
|
50
|
212
|
3,943
|
Llao
Llao Resorts S.A.
|
Argentina
|
Hotel
|
73,580,206
|
147
|
995
|
5,219
|
Hoteles
Argentinos S.A.U.
|
Argentina
|
Hotel
|
685,978,099
|
686
|
114
|
1,526
|
Liveck
S.A.
|
Islas
Vírgenes Británicas
|
Investment
|
56,604,500
|
890
|
(72)
|
3,992
|
Panamerican
Mall S.A.
|
Argentina
|
Real
estate
|
397,661,435
|
497
|
18,312
|
133,761
|
Torodur
S.A.
|
Uruguay
|
Investment
|
581,675,948
|
1,884
|
198
|
29,517
|
Arcos
del Gourmet S.A.
|
Argentina
|
Real
estate
|
72,973,903
|
81
|
646
|
13,583
|
Shopping
Neuquén S.A.
|
Argentina
|
Real
estate
|
53,511,353
|
54
|
503
|
11,241
|
Centro
de Entretenimientos La Plata S.A. (5) (6)
|
Argentina
|
Real
estate
|
905,428
|
95
|
(28)
|
987
|
We
Are Appa S.A. (4)
|
Argentina
|
Developer
|
510,946,719
|
518
|
(150)
|
(1,021)
|
Entertainment
Holdings S.A.
|
Argentina
|
Investment
|
32,503,379
|
46
|
302
|
2,677
|
Emprendimiento
Recoleta S.A. (3)
|
Argentina
|
Real
estate
|
13,449,990
|
25
|
(55)
|
271
|
Entretenimiento
Universal S.A. (4)
|
Argentina
|
Event
organization and others
|
825
|
-
|
2
|
(21)
|
Fibesa
S.A.U.
|
Argentina
|
Real
estate
|
(i)
|
2
|
79
|
1,715
|
IRSA
- Galerías Pacífico S.A. - U.T. (9)
|
Argentina
|
Hotel
|
500,000
|
1
|
(645)
|
-
|
Associates
|
|
|
|
|
|
|
Banco
Hipotecario S.A. (1) (2)
|
Argentina
|
Financial
|
73,939,835
|
1,500
|
6,579
|
111,303
|
Banco
de Crédito y Securitización S.A. (2)
|
Argentina
|
Financial
|
33,125,751
|
88
|
332
|
5,360
|
GCDI
S.A. (Ex TGLT S.A.) (7)
|
Argentina
|
Real
estate
|
257,330,595
|
925
|
(1,644)
|
7,879
|
Joint ventures
|
|
|
|
|
|
|
Cyrsa
S.A.
|
Argentina
|
Real
estate
|
8,748,269
|
17
|
(6)
|
396
|
Nuevo
Puerto Santa Fe S.A. (6)
|
Argentina
|
Real
estate
|
13,875,000
|
28
|
279
|
3,147
|
|
|
|
|
|
|
09.30.2023
|
06.30.2023
|
||
|
Level 2
|
Level 3
|
Level 2
|
Level 3
|
Fair value at the beginning of the period / year
|
397,191
|
188,604
|
465,284
|
188,910
|
Additions
|
549
|
861
|
3,725
|
3,284
|
Disposals
|
(5,977)
|
-
|
(30,982)
|
-
|
Transfers
|
(1)
|
(3)
|
(938)
|
1,189
|
Net
gain / (loss) from fair value adjustment
|
79,728
|
(5,762)
|
(39,891)
|
(4,808)
|
Additions
of capitalized leasing costs
|
-
|
23
|
11
|
49
|
Amortization
of capitalized lease costs (i)
|
(2)
|
(8)
|
(18)
|
(20)
|
Fairvalue at the end of the period / year
|
471,488
|
183,715
|
397,191
|
188,604
|
|
09.30.2023
|
06.30.2023
|
Offices
and other rental properties
|
80,111
|
75,381
|
Land
reserve
|
376,849
|
310,134
|
Shopping
malls (i)
|
198,243
|
200,280
|
Total
|
655,203
|
585,795
|
|
09.30.2023
|
09.30.2022
|
Revenues
(Note 19)
|
19,422
|
17,306
|
Direct
operating costs (Note 20)
|
(5,552)
|
(6,138)
|
Development
costs (Note 20)
|
(103)
|
(67)
|
Net
unrealized gain / (loss) from fair value adjustment on investment
properties (ii)
|
71,635
|
(13,875)
|
Net
realized gain from fair value adjustment on investment properties
(i)
|
2,331
|
2,161
|
|
09.30.2023
|
06.30.2023
|
|||||
|
Buildings and facilities
|
Furniture and fixtures
|
Machinery and equipment
|
Vehicles
|
Others
|
Total
|
Total
|
Costs
|
4,583
|
2,068
|
11,183
|
146
|
7
|
17,987
|
21,735
|
Accumulated
depreciation
|
(3,764)
|
(1,692)
|
(10,617)
|
(146)
|
-
|
(16,219)
|
(15,677)
|
Net book amount at the beginning of the period / year
|
819
|
376
|
566
|
-
|
7
|
1,768
|
6,058
|
Additions
|
16
|
23
|
41
|
-
|
-
|
80
|
364
|
Disposals
|
-
|
-
|
(2)
|
-
|
-
|
(2)
|
(4,143)
|
Transfers
|
-
|
-
|
4
|
-
|
-
|
4
|
31
|
Depreciation
(Note 20)
|
(23)
|
(17)
|
(62)
|
-
|
-
|
(102)
|
(542)
|
Balances at the end of the period / year
|
812
|
382
|
547
|
-
|
7
|
1,748
|
1,768
|
Costs
|
4,599
|
2,091
|
11,226
|
146
|
7
|
18,069
|
17,987
|
Accumulated
depreciation
|
(3,787)
|
(1,709)
|
(10,679)
|
(146)
|
-
|
(16,321)
|
(16,219)
|
Net book amount at the end of the period / year
|
812
|
382
|
547
|
-
|
7
|
1,748
|
1,768
|
|
09.30.2023
|
06.30.2023
|
||
|
Completed properties
|
Undeveloped properties
|
Total
|
Total
|
Beginning of the period / year
|
802
|
3,156
|
3,958
|
4,096
|
Additions
|
-
|
13
|
13
|
233
|
Disposals
|
(10)
|
-
|
(10)
|
(359)
|
Transfers
|
-
|
-
|
-
|
(12)
|
End of the period / year
|
792
|
3,169
|
3,961
|
3,958
|
Non-current
|
|
|
3,947
|
3,930
|
Current
|
|
|
14
|
28
|
Total
|
|
|
3,961
|
3,958
|
|
09.30.2023
|
06.30.2023
|
||
|
Computer software
|
Future units to be received from barters
|
Total
|
Total
|
Costs
|
3,586
|
9,699
|
13,285
|
12,009
|
Accumulated
amortization
|
(3,496)
|
-
|
(3,496)
|
(3,197)
|
Net book amount at the beginning of the period / year
|
90
|
9,699
|
9,789
|
8,812
|
Additions
|
28
|
1
|
29
|
1,741
|
Disposals
|
-
|
-
|
-
|
(195)
|
Transfers
|
-
|
-
|
-
|
(270)
|
Amortization
(Note 20)
|
(18)
|
-
|
(18)
|
(299)
|
Balances at the end of the period / year
|
100
|
9,700
|
9,800
|
9,789
|
Costs
|
3,614
|
9,700
|
13,314
|
13,285
|
Accumulated
amortization
|
(3,514)
|
-
|
(3,514)
|
(3,496)
|
Net book amount at the end of the period / year
|
100
|
9,700
|
9,800
|
9,789
|
|
09.30.2023
|
06.30.2023
|
Offices
and shopping malls
|
791
|
520
|
Total right of use assets
|
791
|
520
|
Non-current
|
791
|
520
|
Total
|
791
|
520
|
|
|
09.30.2023
|
|
09.30.2022
|
Offices and shopping malls
|
|
35
|
|
446
|
Total depreciation of right of use assets (Note 20)
|
|
35
|
|
446
|
|
Financial assets at amortized cost (i)
|
Financial assets at fair value through profit or loss
|
Subtotal financial assets
|
Non-financial assets
|
Total
|
|
|
Level 1
|
|
|
|
September 30, 2023
|
|
|
|
|
|
Assets as per Statement of Financial Position
|
|
|
|
|
|
Trade
and other receivables (excluding the allowance for doubtful
accounts and other receivables) (Note 13)
|
27,919
|
-
|
27,919
|
4,869
|
32,788
|
Investments
in financial assets:
|
|
|
|
|
|
-
Public companies’ securities
|
-
|
636
|
636
|
-
|
636
|
-
Mutual funds
|
-
|
27,869
|
27,869
|
-
|
27,869
|
-
Bonds
|
-
|
7,292
|
7,292
|
-
|
7,292
|
Cash
and cash equivalents:
|
|
|
|
|
|
-
Cash at bank and on hand
|
9,043
|
-
|
9,043
|
-
|
9,043
|
-
Short- term investments
|
-
|
3,068
|
3,068
|
-
|
3,068
|
Total
|
36,962
|
38,865
|
75,827
|
4,869
|
80,696
|
|
Financial liabilities at amortized cost (i)
|
Subtotal financial liabilities
|
Non-financial liabilities
|
Total
|
|
|
|
|
|
September 30, 2023
|
|
|
|
|
Liabilities as per Statement of Financial Position
|
|
|
|
|
Trade
and other payables (Note 15)
|
13,522
|
13,522
|
17,828
|
31,350
|
Borrowings
(Note 16)
|
165,002
|
165,002
|
-
|
165,002
|
Total
|
178,524
|
178,524
|
17,828
|
196,352
|
|
Financial assets at amortized cost (i)
|
Financial assets at fair value through profit or loss
|
Subtotal financial assets
|
Non-financial assets
|
Total
|
|
|
Level 1
|
|
|
|
June 30, 2023
|
|
|
|
|
|
Assets as per Statement of Financial Position
|
|
|
|
|
|
Trade
and other receivables (excluding the allowance for doubtful
accounts and other receivables) (Note 13)
|
28,553
|
-
|
28,553
|
5,225
|
33,778
|
Investments
in financial assets:
|
|
|
|
|
|
-
Public companies’ securities
|
-
|
814
|
814
|
-
|
814
|
-
Mutual funds
|
-
|
23,006
|
23,006
|
-
|
23,006
|
-
Bonds
|
-
|
7,781
|
7,781
|
-
|
7,781
|
Cash
and cash equivalents:
|
|
|
|
|
|
-
Cash at bank and on hand
|
1,861
|
-
|
1,861
|
-
|
1,861
|
-
Short-term investments
|
-
|
2,776
|
2,776
|
-
|
2,776
|
Total
|
30,414
|
34,377
|
64,791
|
5,225
|
70,016
|
|
Financial liabilities at amortized cost (i)
|
Subtotal financial liabilities
|
Non-financial liabilities
|
Total
|
|
|
|
|
|
June 30, 2023
|
|
|
|
|
Liabilities as per Statement of Financial Position
|
|
|
|
|
Trade
and other payables (Note 15)
|
22,038
|
22,038
|
19,885
|
41,923
|
Borrowings
(Note 16)
|
171,032
|
171,032
|
-
|
171,032
|
Total
|
193,070
|
193,070
|
19,885
|
212,955
|
|
09.30.2023
|
06.30.2023
|
Sales,
leases and services receivables
|
11,879
|
13,370
|
Less:
Allowance for doubtful accounts
|
(1,253)
|
(1,402)
|
Total trade receivables
|
10,626
|
11,968
|
Borrowings
granted, deposits and others
|
15,387
|
15,085
|
Advanced
payments
|
2,743
|
2,872
|
Tax
credits
|
990
|
1,164
|
Prepaid
expenses
|
622
|
631
|
Long-term
incentive plan
|
15
|
20
|
Dividends
|
119
|
-
|
Others
|
1,033
|
636
|
Total other receivables
|
20,909
|
20,408
|
Total trade and other receivables
|
31,535
|
32,376
|
Non-current
|
17,573
|
14,329
|
Current
|
13,962
|
18,047
|
Total
|
31,535
|
32,376
|
|
09.30.2023
|
06.30.2023
|
Beginning of period / year
|
1,402
|
2,185
|
Additions
|
94
|
248
|
Recoveries
|
(49)
|
(156)
|
Exchange
rate differences
|
193
|
433
|
Inflation
adjustment
|
(387)
|
(1,308)
|
End of the period / year
|
1,253
|
1,402
|
|
Note
|
09.30.2023
|
09.30.2022
|
Operating activities
|
|
|
|
Profit
for the period
|
|
77,042
|
2,768
|
Adjustments:
|
|
|
|
Income
tax
|
17
|
30,479
|
1,191
|
Amortization
and depreciation
|
20
|
165
|
641
|
Gain
from disposal of trading properties
|
|
(26)
|
(632)
|
Financial
results, net
|
|
30
|
(9,625)
|
Increase
in trading properties
|
|
23
|
(107)
|
Net
(gain) / loss from fair value adjustment of investment
properties
|
7
|
(73,966)
|
11,714
|
Share
of (profit) / loss of subsidiaries, associates and joint
ventures
|
6
|
(19,143)
|
141
|
Loss
from disposal of properties, plant and equipment
|
|
1
|
-
|
Loss
from disposal of joint ventures
|
|
558
|
-
|
Provisions
and allowances
|
|
(3,343)
|
819
|
Changes in operating assets and liabilities:
|
|
|
|
Decrease
in inventories
|
|
21
|
-
|
Decrease
in salaries and social security liabilities
|
|
(1,035)
|
(460)
|
Decrease
in trade and other receivables
|
|
2,549
|
4,380
|
Use
of provisions
|
|
(52)
|
(21)
|
Decrease
in trade and other payables
|
|
(6,669)
|
(1,830)
|
Net
cash flow generated from operating activities before income tax
paid
|
|
6,634
|
8,979
|
Operations not affecting cash flows
|
09.30.2023
|
09.30.2022
|
Currency
translation adjustment and other comprehensive results of
subsidiaries, associates and joint ventures
|
326
|
584
|
Other
changes in subsidiaries` equity
|
2
|
95
|
Increase
in non-convertible notes through a decrease in non-convertible
notes
|
-
|
53,547
|
Increase
in intangible assets through a decrease in trading
properties
|
-
|
677
|
Increase
in rights of use assets through an increase in lease
liabilities
|
296
|
88
|
Decrease
in investments in associates and joint ventures through an increase
in trade and other receivables
|
651
|
1,356
|
Decrease
in trade and other receivables through an increase in investment in
financial assets
|
-
|
14
|
Decrease
in investments in associates and joint ventures through a decrease
in provisions
|
149
|
436
|
Decrease
in investments in financial assets through a decrease in trade and
other payables
|
-
|
496
|
Increase
in investments in associates and joint ventures through a decrease
in trade and other receivables
|
-
|
148
|
Decrease
in investment properties through an increase in property, plant and
equipment
|
4
|
-
|
Barter
transactions of investment properties
|
226
|
-
|
Decrease
in investment properties through an increase in trade and other
receivables
|
904
|
-
|
Decrease
in borrowings through a decrease in trade and other
receivables
|
23
|
-
|
Increase
in rights of use assets through an increase in trade and other
receivables
|
10
|
-
|
Decrease
in investments in associates and joint ventures through a decrease
in borrowings
|
1,511
|
-
|
Increase
in investments in associates and joint ventures through an increase
in borrowings
|
17
|
-
|
|
09.30.2023
|
06.30.2023
|
Customers´
advances (*)
|
6,614
|
7,108
|
Trade
payables
|
1,970
|
2,477
|
Accrued
invoices
|
2,274
|
2,496
|
Admission
rights
|
9,056
|
9,593
|
Other
income to be accrued
|
190
|
195
|
Tenant
deposits
|
86
|
96
|
Total trade payables
|
20,190
|
21,965
|
Dividends
|
154
|
207
|
Director´s
fees
|
8,599
|
15,949
|
Long-term
incentive plan
|
4
|
4
|
Tax
amnesty plans
|
25
|
43
|
Other
tax payables
|
1,942
|
2,947
|
Other
payables
|
436
|
808
|
Total other payables
|
11,160
|
19,958
|
Total trade and other payables
|
31,350
|
41,923
|
Non-current
|
8,246
|
9,079
|
Current
|
23,104
|
32,844
|
Total
|
31,350
|
41,923
|
|
Book value as of 09.30.2023
|
Book value as of 06.30.2023
|
Fairvalue as of 09.30.2023
|
Fairvalue as of 06.30.2023
|
Non-convertible
notes
|
128,188
|
129,935
|
127,451
|
130,848
|
Bank
loans
|
3,818
|
3,472
|
3,818
|
3,472
|
Related
parties (Note 23)
|
28,608
|
28,953
|
28,583
|
28,983
|
Bank
overdrafts
|
4,388
|
8,672
|
4,388
|
8,672
|
Total borrowings
|
165,002
|
171,032
|
164,240
|
171,975
|
Non-current
|
91,279
|
95,057
|
|
|
Current
|
73,723
|
75,975
|
|
|
Total
|
165,002
|
171,032
|
|
|
|
09.30.2023
|
09.30.2022
|
Deferred
income tax
|
(30,479)
|
5,338
|
Current
income tax
|
-
|
(6,529)
|
Income tax
|
(30,479)
|
(1,191)
|
|
09.30.2023
|
09.30.2022
|
Net income at tax
rate (i)
|
(37,632)
|
(1,386)
|
Permanent differences:
|
|
|
Share
of profit / (loss) of subsidiaries, associates and joint
ventures
|
6,700
|
(50)
|
Tax
rate differential
|
-
|
(64)
|
Difference
between provision and tax return
|
1,558
|
-
|
Recovery
of tax loss carry forwards
|
-
|
(705)
|
Tax
inflation adjustment
|
(4,839)
|
(11,378)
|
Inflation
adjustment permanent difference
|
4,579
|
12,903
|
Non-deductible
expenses and others
|
(845)
|
(511)
|
Income tax
|
(30,479)
|
(1,191)
|
|
09.30.2023
|
06.30.2023
|
Beginning of the period / year
|
(177,944)
|
(236,288)
|
Income
tax charge
|
(30,479)
|
58,344
|
End of the period / year
|
(208,423)
|
(177,944)
|
|
09.30.2023
|
06.30.2023
|
||
|
Investments in associates and joint ventures
|
Labor, legal and other claims
|
Total
|
Total
|
Beginning of period / year
|
269
|
1,159
|
1,428
|
977
|
Additions
(i)
|
-
|
307
|
307
|
1,309
|
Decreases
(i)
|
-
|
(2)
|
(2)
|
(216)
|
Used
during the period / year
|
-
|
(52)
|
(52)
|
(51)
|
Inflation
adjustment
|
-
|
(327)
|
(327)
|
(613)
|
Share
of income
|
148
|
-
|
148
|
22
|
End of period / year
|
417
|
1,085
|
1,502
|
1,428
|
Non-current
|
|
|
686
|
581
|
Current
|
|
|
816
|
847
|
Total
|
|
|
1,502
|
1,428
|
|
09.30.2023
|
09.30.2022
|
Base
rent
|
7,181
|
5,769
|
Contingent
rent
|
5,464
|
5,214
|
Admission
rights
|
1,278
|
1,027
|
Parking
fees
|
617
|
458
|
Property
management fees
|
124
|
122
|
Others
|
32
|
24
|
Averaging
of scheduled rent escalation
|
55
|
(95)
|
Rentals and services income
|
14,751
|
12,519
|
Sale
of trading properties
|
36
|
677
|
Total revenues from sales, rentals and services
|
14,787
|
13,196
|
Expenses
and collective promotion funds
|
4,671
|
4,787
|
Total revenues from expenses and collective promotion
funds
|
4,671
|
4,787
|
Total revenues
|
19,458
|
17,983
|
|
Costs (i)
|
General and administrative expenses
|
Selling expenses
|
09.30.2023
|
09.30.2022
|
Salaries,
social security costs and other personnel expenses
|
1,699
|
1,298
|
208
|
3,205
|
2,933
|
Maintenance,
security, cleaning, repairs and others
|
2,176
|
189
|
4
|
2,369
|
2,130
|
Taxes,
rates and contributions
|
467
|
1
|
524
|
992
|
975
|
Advertising
and other selling expenses
|
1,055
|
-
|
204
|
1,259
|
1,482
|
Director´s
fees (Note 23) (ii)
|
-
|
(3,693)
|
-
|
(3,693)
|
707
|
Amortization
and depreciation
|
82
|
65
|
18
|
165
|
641
|
Fees
and payments for services
|
41
|
309
|
11
|
361
|
370
|
Leases
and services’ charges
|
102
|
11
|
2
|
115
|
195
|
Traveling,
transportation and stationery expenses
|
50
|
60
|
5
|
115
|
76
|
Cost
of sales of trading properties
|
10
|
-
|
-
|
10
|
45
|
Allowance
for doubtful accounts (charge and recovery, net) (Note
13)
|
-
|
-
|
45
|
45
|
(55)
|
Bank
expenses
|
9
|
47
|
-
|
56
|
67
|
Freight
expenses
|
2
|
-
|
-
|
2
|
-
|
Others
|
1
|
-
|
-
|
1
|
36
|
Total expenses by nature as of 09.30.2023
|
5,694
|
(1,713)
|
1,021
|
5,002
|
-
|
Total expenses by nature as of 09.30.2022
|
6,350
|
2,585
|
667
|
-
|
9,602
|
|
09.30.2023
|
09.30.2022
|
Lawsuits
and other contingencies (i)
|
(305)
|
(167)
|
Donations
|
(33)
|
(69)
|
Loss
from disposal of joint ventures
|
(558)
|
-
|
Administration
fees
|
132
|
203
|
Loss
from disposal of property, plant and equipment
|
(1)
|
-
|
Interest
and allowances generated by operating assets
|
259
|
83
|
Others
|
(43)
|
(50)
|
Total other operating results, net
|
(549)
|
-
|
|
09.30.2023
|
09.30.2022
|
Interest
income
|
107
|
62
|
Total finance income
|
107
|
62
|
Interest
expense
|
(3,628)
|
(4,017)
|
Other
finance costs
|
(248)
|
(331)
|
Total finance costs
|
(3,876)
|
(4,348)
|
Exchange
rate differences, net
|
(2,347)
|
6,586
|
Fair
value net gain / (loss) from financial assets and liabilities at
fair value through profit or loss, net
|
32
|
(4,239)
|
Loss
from derivative financial instruments, net
|
-
|
(5)
|
Gain
from repurchase of non-convertible notes
|
-
|
2
|
Other
financial results
|
1,399
|
(209)
|
Total other financial results
|
(916)
|
2,135
|
Inflation
adjustment
|
5,190
|
9,584
|
Total financial results, net
|
505
|
7,433
|
Item
|
09.30.2023
|
06.30.2023
|
Right
of use assets
|
9
|
-
|
Trade
and other receivables
|
16,182
|
15,713
|
Investments
in financial assets
|
257
|
285
|
Trade
and other payables
|
(9,131)
|
(17,932)
|
Borrowings
|
(28,608)
|
(28,953)
|
Total
|
(21,291)
|
(30,887)
|
Related parties
|
09.30.2023
|
06.30.2023
|
Operation description
|
Item
|
Cresud
|
329
|
-
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
|
257
|
285
|
Bonds
|
Investments
in financial assets
|
|
(29)
|
(1,057)
|
Corporate
services payable
|
Trade
and other payables
|
|
(3)
|
(4)
|
Long-term
incentive plan payable
|
Trade
and other payables
|
|
(252)
|
(340)
|
Other
liabilities
|
Trade
and other payables
|
Total controlante
|
302
|
(1,116)
|
|
|
Tyrus
S.A.
|
24
|
31
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
|
11,346
|
11,165
|
Borrowings
granted
|
Trade
and other receivables
|
|
(5)
|
(5)
|
Leases
and services received
|
Trade
and other payables
|
|
(2,615)
|
(2,705)
|
Non-Convertible
Notes
|
Borrowings
|
|
(184)
|
(164)
|
Borrowings
|
Borrowings
|
ECLASA
|
(1,940)
|
(1,940)
|
Borrowings
|
Borrowings
|
Panamerican
Mall S.A.
|
46
|
79
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
|
1
|
2
|
Long-term
incentive plan
|
Trade
and other receivables
|
|
-
|
5
|
Leases
and services received
|
Trade
and other payables
|
|
(24)
|
(66)
|
Other
payables
|
Trade
and other payables
|
Arcos
del Gourmet S.A.
|
61
|
87
|
Debtorsfor
sales, rentals and services
|
Trade
and other receivables
|
|
(14)
|
(33)
|
Leases
and servicesreceived
|
Trade
and other payables
|
|
(14)
|
(52)
|
Other
payables
|
Trade
and other payables
|
Fibesa
S.A.U.
|
1
|
2
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
|
13
|
13
|
Borrowings
granted
|
Trade
and other receivables
|
|
5
|
-
|
Leases
and services received
|
Trade
and other payables
|
|
13
|
17
|
Long-term
incentive plan
|
Trade
and other receivables
|
|
(8)
|
(11)
|
Other
payables
|
Trade
and other payables
|
Shopping
Neuquen S.A.
|
9
|
-
|
Rights
of use assets
|
Rightof
use assets
|
|
-
|
(2)
|
Other
payables
|
Trade
and other payables
|
|
2
|
13
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
|
278
|
348
|
Borrowings
granted
|
Trade
and other receivables
|
Torodur
S.A.
|
(15)
|
(15)
|
Leases
and services received
|
Trade
and other payables
|
|
(3)
|
(4)
|
Other
payables
|
Trade
and other payables
|
|
(1,393)
|
(1,348)
|
Non-Convertible
Notes
|
Borrowings
|
|
(20,234)
|
(19,855)
|
Borrowings
|
Borrowings
|
Ritelco
S.A.
|
8
|
28
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
|
(127)
|
(125)
|
Borrowings
|
Borrowings
|
Entretenimiento
Universal S.A.
|
177
|
174
|
Borrowings
granted
|
Trade
and other receivables
|
We
Are Appa S.A.
|
17
|
1
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
|
24
|
-
|
Capital
contributions pending integration
|
Trade
and other receivables
|
|
1,286
|
1,119
|
Borrowings
granted
|
Trade
and other receivables
|
Emprendimiento
Recoleta S.A.
|
14
|
15
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
|
1
|
1
|
Long-term
incentive plan
|
Trade
and other receivables
|
Centro
de Entretenimiento La Plata S.A.
|
17
|
17
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
|
262
|
260
|
Capital
contributions pending integration
|
Trade
and other receivables
|
Banco
Hipotecario S.A.
|
16
|
17
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
|
(1)
|
(34)
|
Leases
and services received
|
Trade
and other payables
|
CYRSA
S.A.
|
(113)
|
(116)
|
Borrowings
|
Borrowings
|
GCDI
S.A. (Ex TGLT S.A.)
|
-
|
1
|
Advance
to suppliers
|
Trade
and other receivables
|
Hoteles
Argentinos S.A.U.
|
5
|
2
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
|
(1)
|
-
|
Leases
and services received
|
Trade
and other payables
|
|
2
|
-
|
Advance
to suppliers
|
Trade
and other receivables
|
|
-
|
(1)
|
Other
payables
|
Trade
and other payables
|
Nuevas
Fronteras S.A.
|
3
|
162
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
|
(32)
|
(65)
|
Borrowings
|
Borrowings
|
Llao
Llao Resorts S.A.
|
1
|
1
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
|
-
|
(2)
|
Invoices
to receive
|
Trade
and other payables
|
|
(1,228)
|
(336)
|
Borrowings
|
Borrowings
|
Nuevo
Puerto Santa Fe S.A.
|
26
|
36
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
|
119
|
-
|
Dividends
receivable
|
Trade
and other receivables
|
|
1
|
1
|
Long-term
incentive plan
|
Trade
and other receivables
|
|
(2)
|
(8)
|
Other
payables
|
Trade
and other payables
|
IRSA
- Galerías Pacífico S.A. U.T.
|
-
|
1
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
|
-
|
(190)
|
Other
payables
|
Trade
and other payables
|
|
-
|
(1,569)
|
Borrowings
|
Borrowings
|
Quality
Invest S.A.
|
-
|
1
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
|
-
|
61
|
Capital
contribution spending integration
|
Trade
and other receivables
|
|
-
|
(4)
|
Leases
and services received
|
Trade
and othe rpayables
|
Total subsidiaries, associates and joint
ventures
|
(14,175)
|
(14,990)
|
|
|
Related parties
|
09.30.2023
|
06.30.2023
|
Operation description
|
Item
|
Directors
|
(8,599)
|
(15,949)
|
Directors'
fees provision
|
Trade
and other payables
|
Total directors
|
(8,599)
|
(15,949)
|
|
|
Futuros
y Opciones S.A.
|
1
|
1
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
BHN
Vida S.A.
|
(9)
|
(9)
|
Tenant
deposits
|
Trade
and other payables
|
|
(134)
|
(135)
|
Non-Convertible
Notes
|
Borrowings
|
BHN
Seguros Generales S.A.
|
(46)
|
(46)
|
Non-Convertible
Notes
|
Borrowings
|
Consultores
Asset Management S.A.
|
25
|
20
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
Estudio
Zang, Bergel &Viñes
|
(23)
|
(8)
|
Invoice
store ceive
|
Trade
and other payables
|
Austral
Gold
|
4
|
4
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
Fundación
Museo de los Niños
|
-
|
13
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
|
-
|
(7)
|
Leases
and services received
|
Trade
and other payables
|
Real
Estate Strategies LLC
|
621
|
611
|
Borrowings
granted
|
Trade
and other receivables
|
IRSA
International LLC
|
(106)
|
(105)
|
Other
payables
|
Trade
and other payables
|
|
(440)
|
(431)
|
Borrowings
|
Borrowings
|
La
Rural S.A.
|
20
|
1
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
|
(12)
|
(15)
|
Leases
and services received
|
Trade
and other payables
|
Ogden
Argentina S.A.
|
5
|
14
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
|
1,324
|
1,304
|
Borrowings
granted
|
Trade
and other receivables
|
La
Arena S.A.
|
1
|
2
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
Boulevard
Norte S.A.
|
(16)
|
(16)
|
Other
payables
|
Trade
and other payables
|
New
Lipstick
|
84
|
83
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
Agrofy
S.A.
|
4
|
5
|
Debtors
for sales, rentals and services
|
Trade
and other receivables
|
Helmir
S.A.
|
(122)
|
(118)
|
Non-Convertible
Notes
|
Borrowings
|
Total others
|
1,181
|
1,168
|
|
|
Total
|
(21,291)
|
(30,887)
|
|
|
Related parties
|
09.30.2023
|
09.30.2022
|
Operation description
|
Cresud
|
13
|
36
|
Leases
and/or right of use assets
|
|
30
|
1,802
|
Financial
operations
|
|
(987)
|
(1,161)
|
Corporate
services
|
Total parent company
|
(944)
|
677
|
|
Arcos
del Gourmet S.A.
|
(13)
|
(26)
|
Leases
and/or right of use assets
|
|
44
|
47
|
Fees
|
Fibesa
S.A.U.
|
-
|
3
|
Leases
and/or right of use assets
|
|
1
|
2
|
Fees
|
|
-
|
5
|
Financial
operations
|
Ritelco
S.A.
|
(2)
|
4
|
Financial
operations
|
Torodur
S.A.
|
(409)
|
658
|
Financial
operations
|
Efanur
S.A.
|
-
|
24
|
Financial
operations
|
Tyrus
S.A.
|
17
|
(297)
|
Financial
operations
|
Shopping
Neuquen S.A.
|
(13)
|
(72)
|
Financial
operations
|
|
(1)
|
(443)
|
Leases
and/or right of use assets
|
Entretenimiento
Universal S.A.
|
3
|
(5)
|
Financial
operations
|
ECLASA
|
(28)
|
62
|
Financial
operations
|
Panamerican
Mall S.A.
|
84
|
96
|
Fees
|
|
(26)
|
(25)
|
Leases
and/or right of use assets
|
Emprendimiento
Recoleta S.A.
|
-
|
1
|
Fees
|
CYRSA
S.A.
|
(1)
|
8
|
Financial
operations
|
Centro
de Entretenimiento La Plata S.A.
|
10
|
(3)
|
Leases
and/or right of use assets
|
|
(2)
|
-
|
Financial
operations
|
IRSA
- Galerías Pacífico S.A. U.T.
|
(4)
|
31
|
Financial
operations
|
|
-
|
1
|
Fees
|
Hoteles
Argentinos S.A.U.
|
(3)
|
1
|
Fees
|
Nuevas
Fronteras S.A.
|
(42)
|
13
|
Fees
|
|
(1)
|
10
|
Financial
operations
|
We
Are Appa S.A.
|
4
|
3
|
Fees
|
|
46
|
(15)
|
Financial
operations
|
|
2
|
-
|
Leases
and/or right of use assets
|
Nuevo
Puerto Santa Fe S.A.
|
(3)
|
2
|
Leases
and/or right of use assets
|
|
26
|
31
|
Fees
|
Quality
Invest S.A.
|
-
|
3
|
Fees
|
|
-
|
4
|
Financial
operations
|
|
-
|
(12)
|
Leases
and/or right of use assets
|
Total subsidiaries, associates and joint ventures
|
(311)
|
111
|
|
Related parties
|
09.30.2023
|
09.30.2022
|
Operation description
|
Directors
(1)
|
3,693
|
(707)
|
Fees
|
Senior
Management
|
(54)
|
(91)
|
Fees
|
Total Directors and Senior Management
|
3,639
|
(798)
|
|
BHN
Seguros Generales S.A.
|
(1)
|
1
|
Financial
operations
|
BHN
Vida S.A.
|
(3)
|
2
|
Financial
operations
|
Austral
Gold S.A
|
(2)
|
2
|
Fees
|
Consultores
Asset Management S.A.
|
(2)
|
1
|
Fees
|
Hamonet
S.A.
|
(3)
|
(3)
|
Leases
and/or right of use assets
|
Helmir
S.A.
|
(4)
|
-
|
Financial
operations
|
Isaac
Elsztain e Hijos S.C.A.
|
(8)
|
(7)
|
Leases
and/or right of use assets
|
Estudio
Zang, Bergel &Viñes
|
(39)
|
(17)
|
Fees
|
Fundación
IRSA
|
(23)
|
(43)
|
Donations
|
Fundación
Museo de los Niños
|
(9)
|
6
|
Leases
and/or right of use assets
|
Fundación
Puerta 18
|
(6)
|
(17)
|
Donations
|
Ogden
Argentina S.A.
|
20
|
(34)
|
Financial
operations
|
UT
La Rural S.A. - OFC S.R.L - Ogden y Enusa
|
(1)
|
1
|
Fees
|
Real
Estate Strategies LLC
|
3
|
-
|
Financial
operations
|
La
Rural S.A.
|
2
|
2
|
Leases
and/or right of use assets
|
IRSA
International LLC
|
(5)
|
(4)
|
Financial
operations
|
Other subsidiaries, associates and joint ventures
|
(81)
|
(110)
|
|
Total at the end of the period
|
2,303
|
(120)
|
|
Related parties
|
09.30.2023
|
09.30.2022
|
Operation description
|
Quality
Invest S.A.
|
(9,421)
|
-
|
Sale
of shares
|
Total distribution of dividends
|
(9,421)
|
-
|
|
Fibesa
S.A.U.
|
-
|
667
|
Dividends
received
|
IRSA
- Galerías Pacífico S.A. U.T.
|
1,512
|
-
|
Dividends
received
|
Arcos
del Gourmet S.A
|
-
|
689
|
Dividends
received
|
Nuevo
Puerto Santa Fe S.A.
|
160
|
-
|
Dividends
received
|
Total dividends received
|
1,672
|
1,356
|
|
Palermo
Invest S.A.
|
-
|
(5)
|
Irrevocable
contributions
|
Liveck
S.A.
|
(17)
|
-
|
Irrevocable
contributions
|
Centro
de Entretenimientos La Plata S.A.
|
-
|
(143)
|
Irrevocable
contributions
|
Total irrevocable contributions to subsidiaries
|
(17)
|
(148)
|
|
Item (1)
|
Amount
|
Foreign exchange rate (2)
|
Total as of 09.30.2023
|
Total as of 06.30.2023
|
Assets
|
|
|
|
|
Trade and other receivables
|
|
|
|
|
US
Dollar
|
11.37
|
348.95
|
3,967
|
2,261
|
Euros
|
0.08
|
368.32
|
30
|
30
|
Receivables
with related parties
|
|
|
|
|
US
Dollar
|
43.30
|
349.95
|
15,154
|
14,648
|
Total
Trade and other receivables
|
|
|
19,151
|
16,939
|
Investments in financial assets
|
|
|
|
|
US
Dollar
|
35.88
|
348.95
|
12,522
|
13,554
|
Investment in financial assets with related parties
|
|
|
|
|
US
Dollar
|
0.73
|
349.95
|
257
|
286
|
Total Investments in financial assets
|
|
|
12,779
|
13,840
|
Cash and cash equivalents
|
|
|
|
|
US
Dollar
|
25.80
|
348.95
|
9,004
|
1,821
|
Total Cash and cash equivalents
|
|
|
9,004
|
1,821
|
Total Assets
|
|
|
40,934
|
32,600
|
|
|
|
|
|
Liabilities
|
|
|
|
|
Trade and other payables
|
|
|
|
|
US
Dollar
|
5.33
|
349.95
|
1,865
|
1,766
|
Payables with related parties
|
|
|
|
|
US
Dollar
|
0.42
|
349.95
|
146
|
147
|
Total Trade and other payables
|
|
|
2,011
|
1,913
|
Lease liabilities
|
|
|
|
|
US
Dollar
|
2.37
|
349.95
|
831
|
524
|
Total Lease liabilities
|
|
|
831
|
524
|
Borrowings
|
|
|
|
|
US
Dollar
|
324.59
|
349.95
|
113,592
|
114,191
|
Borrowings with related parties
|
|
|
|
|
US
Dollar
|
81.55
|
349.95
|
28,540
|
28,865
|
Total Borrowings
|
|
|
142,132
|
143,056
|
Total Liabilities
|
|
|
144,974
|
145,493
|
|
|
|
|
|
Exhibit A - Property, plant and equipment
|
Note 7 Investment properties and Note 8 Property, plant and
equipment
|
Exhibit B - Intangible assets
|
Note 10 Intangible assets
|
Exhibit C - Equity investments
|
Note 6 Information about the main subsidiaries, associates and
joint ventures
|
Exhibit D - Other investments
|
Note 12 Financial instruments by category
|
Exhibit E - Provisions and allowances
|
Note 13 Trade and other receivables and Note 17
Provisions
|
Exhibit F - Cost of sales and services provided
|
Note 9 Trading properties and Note 19 Expenses by
nature
|
Exhibit G - Foreign currency assets and liabilities
|
Note 24 Foreign currency assets and liabilities
|
Storage of documentation responsible
|
|
Location
|
Iron Mountain Argentina S.A.
|
|
Av. Amancio Alcorta 2482, Autonomous City of Buenos
Aires
|
|
San Miguel de Tucumán 601, Carlos Spegazzini.
|
|
|
Torcuato Di Tella 1800, Carlos Spegazzini.
|
|
|
Puente del Inca 2540, Carlos Spegazzini
|
PRICE
WATERHOUSE & CO. S.R.L.
(Partner)
|
|
ABELOVICH,
POLANO & ASOCIADOS S.R.L.
(Partner)
|
C.P.C.E.C.A.B.A. V° 1 F° 17
|
|
C.P.C.E.C.A.B.A.
V. 1 F. 30
Marcelo
Héctor Fuxman
Public
Accountant (UBA)
C.P.C.E.
C.A.B.A. V. 134 F. 85
|
Carlos Brondo
Public Accountant (UNCUYO)
C.P.C.E.C.A.B.A. V. 391 F. 078
|
|
Noemí
I. Cohn
Public Accountant (UBA)
C.P.C.E. C.A.B.A. V. 116 F. 135
|
(in millions of ARS)
|
IQ 24
|
IQ 23
|
YoY Var
|
Revenues
|
30,725
|
27,803
|
10.5%
|
Result
from fair value adjustment of investment properties
|
102,292
|
(15,797)
|
-
|
Result from operations
|
121,405
|
(2,520)
|
-
|
Depreciation
and amortization
|
575
|
520
|
10.6%
|
EBITDA (1)
|
121,980
|
(2,000)
|
-
|
Adjusted EBITDA (1)
|
17,030
|
15,958
|
6.7%
|
Result for the period
|
81,080
|
3,089
|
2,524.8%
|
Attributable
to equity holders of the parent
|
77,042
|
2,768
|
2,683.3%
|
Attributable
to non-controlling interest
|
4,038
|
321
|
1,157.9%
|
|
IQ 24
|
IVQ 23
|
IIIQ 23
|
IIQ 23
|
IQ 23
|
Gross
leasable area (sqm)
|
334,737
|
335,826
|
335,893
|
336,240
|
336,240
|
Tenants’
sales (3 months cumulative in current currency)
|
224,171
|
228,140
|
184,602
|
242,222
|
203,640
|
Occupancy
|
98.0%
|
97.4%
|
96.8%
|
93.9%
|
93.7%
|
(in millions of ARS)
|
IQ 24
|
IQ 23
|
YoY Var
|
Revenues
from sales, leases, and services
|
17,150
|
14,385
|
19.2%
|
Net
result from fair value adjustment on investment
properties
|
(2,491)
|
(12,198)
|
(79.6)%
|
Result from operations
|
10,677
|
(1,449)
|
-
|
Depreciation
and amortization
|
153
|
153
|
-
|
EBITDA (1)
|
10,830
|
(1,296)
|
-
|
Adjusted EBITDA (1)
|
13,321
|
10,902
|
22.2%
|
|
Date of acquisition
|
Location
|
Gross Leasable Area (sqm)(1)
|
Stores
|
Occupancy (2)
|
IRSAInterest (3)
|
Alto
Palermo
|
Dec-97
|
City
of Buenos Aires
|
20,629
|
141
|
99.8%
|
100%
|
Abasto Shopping(4)
|
Nov-99
|
City
of Buenos Aires
|
37,167
|
156
|
99.5%
|
100%
|
Alto
Avellaneda
|
Dec-97
|
Province
of Buenos Aires
|
38,368
|
121
|
95.2%
|
100%
|
Alcorta
Shopping
|
Jun-97
|
City
of Buenos Aires
|
15,839
|
107
|
99.7%
|
100%
|
Patio
Bullrich
|
Oct-98
|
City
of Buenos Aires
|
11,396
|
90
|
92.4%
|
100%
|
Dot
Baires Shopping
|
May-09
|
City
of Buenos Aires
|
47,811
|
162
|
99.2%
|
80%
|
Soleil
|
Jul-10
|
Province
of Buenos Aires
|
15,673
|
74
|
100.0%
|
100%
|
Distrito
Arcos
|
Dec-14
|
City
of Buenos Aires
|
14,458
|
63
|
100.0%
|
90.0%
|
Alto
Noa Shopping
|
Mar-95
|
Salta
|
19,427
|
84
|
99.8%
|
100%
|
Alto
Rosario Shopping
|
Nov-04
|
Santa
Fe
|
34,859
|
132
|
93.8%
|
100%
|
Mendoza
Plaza Shopping
|
Dec-94
|
Mendoza
|
41,511
|
120
|
98.6%
|
100%
|
Córdoba
Shopping
|
Dec-06
|
Córdoba
|
15,368
|
98
|
99.0%
|
100%
|
La
Ribera Shopping
|
Aug-11
|
Santa
Fe
|
10,531
|
67
|
97.0%
|
50%
|
Alto
Comahue
|
Mar-15
|
Neuquén
|
11,700
|
87
|
98.7%
|
99.95%
|
Patio Olmos(5)
|
Sep-07
|
Córdoba
|
-
|
-
|
-
|
|
Total
|
|
|
334,737
|
1,502
|
98.0%
|
|
(ARS million)
|
IQ 24
|
IQ 23
|
YoY Var
|
IQ 22
|
IQ 21
|
IQ 20
|
Alto
Palermo
|
30,500
|
26,140
|
16.7%
|
17,590
|
847
|
20,723
|
Abasto
Shopping
|
31,733
|
29,815
|
6.4%
|
17,419
|
622
|
21,483
|
Alto
Avellaneda
|
21,823
|
19,388
|
12.6%
|
13,008
|
608
|
18,812
|
Alcorta
Shopping
|
16,775
|
14,801
|
13.3%
|
13,086
|
109
|
11,740
|
Patio
Bullrich
|
9,463
|
8,867
|
6.7%
|
6,302
|
1,114
|
7,931
|
Buenos Aires Design(1)
|
-
|
-
|
0.0%
|
-
|
-
|
-
|
Dot
Baires Shopping
|
17,815
|
15,612
|
14.1%
|
11,394
|
554
|
15,895
|
Soleil
|
12,775
|
11,121
|
14.9%
|
9,689
|
1,223
|
9,158
|
Distrito
Arcos
|
18,387
|
16,024
|
14.7%
|
11,315
|
3,328
|
9,918
|
Alto
Noa Shopping
|
9,031
|
8,794
|
2.7%
|
7,319
|
4,346
|
7,306
|
Alto
Rosario Shopping
|
23,349
|
23,433
|
-0.4%
|
18,392
|
8,180
|
16,686
|
Mendoza
Plaza Shopping
|
13,904
|
12,795
|
8.7%
|
10,526
|
8,152
|
13,107
|
Córdoba
Shopping
|
7,302
|
6,884
|
6.1%
|
6,044
|
3,362
|
5,128
|
La Ribera Shopping(2)
|
3,931
|
3,852
|
2.1%
|
2,635
|
943
|
3,803
|
Alto
Comahue
|
7,383
|
6,114
|
20.8%
|
4,430
|
1,011
|
5,310
|
Total sales
|
224,171
|
203,640
|
10.1%
|
149,149
|
34,399
|
167,000
|
(in millions of ARS)
|
IQ 24
|
IQ 23
|
YoY Var
|
IQ 22
|
IQ 21
|
IQ 20
|
Department
Store
|
-
|
-
|
-
|
-
|
2,528
|
8,828
|
Clothes
and footwear
|
126,194
|
116,042
|
8.7%
|
88,690
|
16,461
|
90,267
|
Entertainment
|
7,668
|
7,806
|
-1.8%
|
3,335
|
34
|
6,966
|
Home
and decoration
|
5,740
|
4,913
|
16.8%
|
4,208
|
882
|
3,279
|
Restaurants
|
28,032
|
23,584
|
18.9%
|
14,222
|
2,891
|
20,382
|
Miscellaneous
|
26,782
|
23,848
|
12.3%
|
22,431
|
6,396
|
20,883
|
Services
|
4,801
|
3,589
|
33.8%
|
2,399
|
157
|
1,968
|
Home
Appliances
|
24,954
|
23,858
|
4.6%
|
13,864
|
5,050
|
14,427
|
Total
|
224,171
|
203,640
|
10.1%
|
149,149
|
34,399
|
167,000
|
(ARS million)
|
IQ 24
|
IQ 23
|
YoY Var
|
IQ 22
|
IQ 21
|
IQ 20
|
Base rent(1)
|
7,010
|
5,552
|
26.3%
|
3,118
|
432
|
6,952
|
Percentage
rent
|
6,609
|
6,312
|
4.7%
|
4,828
|
419
|
3,319
|
Total rent
|
13,619
|
11,864
|
14.8%
|
7,946
|
851
|
10,271
|
Non-traditional
advertising
|
506
|
350
|
44.5%
|
192
|
218
|
371
|
Revenues
from admission rights
|
1,498
|
1,182
|
26.7%
|
864
|
973
|
1,749
|
Fees
|
138
|
136
|
1.6%
|
153
|
166
|
192
|
Parking
|
925
|
612
|
51.0%
|
270
|
22
|
811
|
Commissions
|
218
|
217
|
0.5%
|
236
|
192
|
371
|
Other
|
246
|
24
|
925.0%
|
44
|
22
|
100
|
Subtotal(2)
|
17,150
|
14,385
|
19.2%
|
9,705
|
2,444
|
13,865
|
Expenses
and Collective Promotion Fund
|
5,350
|
5,478
|
-2.3%
|
4,200
|
2,355
|
5,613
|
Total
|
22,500
|
19,863
|
13.3%
|
13,905
|
4,799
|
19,478
|
|
IQ 24
|
IVQ 23
|
IIIQ 23
|
IIQ 23
|
IQ 23
|
Gross
Leasable area
|
61,742
|
74,392
|
74,392
|
82,708
|
82,708
|
Total
Occupancy
|
83.0%
|
68.7%
|
68.4%
|
68.6%
|
68.5%
|
Class
A+ & A Occupancy
|
88.5%
|
86.9%
|
86.9%
|
83.7%
|
82.0%
|
Class
B Occupancy
|
46.4%
|
17.2%
|
16.1%
|
19.6%
|
24.9%
|
Rent
USD/sqm
|
25.2
|
25.5
|
25.6
|
24.8
|
25.0
|
(in ARS
million)
|
IQ 24
|
IQ 23
|
YoY Var
|
Revenues
from sales, leases and services
|
1,584
|
1,635
|
(3.1)%
|
Net
result from fair value adjustment on investment properties,
PP&E e inventories
|
32,178
|
(1,220)
|
-
|
Profit from operations
|
33,441
|
31
|
107,774.2%
|
Depreciation
and amortization
|
19
|
88
|
(78.4)%
|
EBITDA(1)
|
33,460
|
119
|
28,017.6%
|
Adjusted EBITDA (1)
|
1,282
|
1,339
|
(4.3)%
|
Offices & Others
|
Date of Acquisition
|
Gross Leasable Area (sqm)(1)
|
Occupancy (2)
|
Actual Interest
|
3M 24 - Rental revenues (ARS thousand) (4)
|
AAA & A Offices
|
|
|
|
|
|
Boston
Tower
|
Dec-14
|
|
|
|
1,748
|
Intercontinental Plaza (3)
|
Dec-14
|
2,979
|
100.0%
|
100%
|
71,974
|
Dot
Building
|
Nov-06
|
11,242
|
57.6%
|
80%
|
171,066
|
Zetta
|
May-19
|
32,173
|
95.7%
|
80%
|
969,810
|
261 Della Paolera –
Catalinas(5)
|
Dec-20
|
7,331
|
100%
|
100%
|
317,848
|
Total AAA & A Offices
|
|
53,725
|
88.5%
|
|
1,532,446
|
|
|
|
|
|
|
B Offices
|
|
|
|
|
|
Philips
|
Jun-17
|
8,017
|
46.4%
|
100%
|
51,937
|
Total B Buildings
|
|
8,017
|
46.4%
|
100%
|
51,937
|
Subtotal Offices
|
|
61,742
|
83.0%
|
|
1,584,383
|
(in ARS million)
|
IQ 24
|
IQ 23
|
YoY Var
|
Revenues
|
5,987
|
4,773
|
25.4%
|
Profit from operations
|
1,837
|
1,408
|
30.5%
|
Depreciation
and amortization
|
273
|
162
|
68.5%
|
EBITDA
|
2,110
|
1,570
|
34.4%
|
Hotels
|
Date of Acquisition
|
IRSA’s Interest
|
Number of rooms
|
Occupancy(4)
|
Intercontinental (1)
|
11/01/1997
|
76,34%
|
313
|
59.0%
|
Sheraton Libertador (2)
|
03/01/1998
|
100,00%
|
200
|
68.9%
|
Llao Llao (3)
|
06/01/1997
|
50,00%
|
205
|
75.4%
|
Total
|
-
|
-
|
718
|
66.4%
|
|
IQ 24
|
IVQ 23
|
IIIQ 23
|
IIQ 23
|
IQ 23
|
Average
Occupancy
|
66.4%
|
64.5%
|
68.6%
|
71.4%
|
62.7%
|
Average
Rate per Room (USD/night)
|
267
|
201
|
231
|
208
|
227
|
(in ARS million)
|
IQ 24
|
IQ 23
|
YoY Var
|
Revenues
|
262
|
1,098
|
(76.1)%
|
Net
result from fair value adjustment on investment
properties
|
72,705
|
(2,526)
|
-
|
Result from operations
|
71,138
|
(2,821)
|
-
|
Depreciation
and amortization
|
19
|
26
|
(26.9)%
|
Net
result from fair value adjustment on investment
properties
|
2,331
|
2,161
|
7.9%
|
EBITDA (1)
|
71,157
|
(2,795)
|
-
|
Adjusted EBITDA (1)
|
783
|
1,892
|
(58.6)%
|
(in millions of ARS)
|
IQ 24
|
IQ 23
|
YoY Var
|
Revenues
|
319
|
303
|
5.3%
|
Net
result from fair value adjustment on investment
properties
|
(109)
|
(52)
|
109.6%
|
Result from operations
|
4,463
|
198
|
2,154.0%
|
Depreciation
and amortization
|
119
|
96
|
24.0%
|
Recovery
of provision
|
4,989
|
-
|
-
|
EBITDA
|
4,582
|
294
|
1,458.5%
|
Adjusted EBITDA
|
(298)
|
346
|
(186.1)%
|
3M 24
|
Shopping Malls
|
Offices
|
Sales and Developments
|
Hotels
|
Others
|
Total
|
Result from operations
|
10,677
|
33,441
|
71,138
|
1,837
|
4,463
|
121,556
|
Depreciation
and amortization
|
153
|
19
|
19
|
273
|
119
|
583
|
EBITDA
|
10,830
|
33,460
|
71,157
|
2,110
|
4,582
|
122,139
|
3M 23
|
Shopping Malls
|
Offices
|
Sales and Developments
|
Hotels
|
Others
|
Total
|
Result from operations
|
(1,449)
|
31
|
(2,821)
|
1,408
|
198
|
(2,633)
|
Depreciation
and amortization
|
153
|
88
|
26
|
162
|
96
|
525
|
EBITDA
|
(1,296)
|
119
|
(2,795)
|
1,570
|
294
|
(2,108)
|
EBITDA Var
|
-
|
28,017.6%
|
-
|
34.4%
|
1,458.5%
|
-
|
|
Total as per segment
|
Joint ventures*
|
Expenses and CPF
|
Elimination of inter-segment transactions
|
Total as per Statements of Income
|
Revenues
|
25,302
|
(144)
|
5,567
|
-
|
30,725
|
Costs
|
(4,327)
|
14
|
(5,685)
|
-
|
(9,998)
|
Gross result
|
20,975
|
(130)
|
(118)
|
-
|
20,727
|
Result
from sales of investment properties
|
102,283
|
9
|
-
|
-
|
102,292
|
General
and administrative expenses
|
343
|
19
|
-
|
48
|
410
|
Selling
expenses
|
(1,624)
|
14
|
-
|
-
|
(1,610)
|
Other
operating results, net
|
(421)
|
(1)
|
56
|
-48
|
(414)
|
Result from operations
|
121,556
|
(89)
|
(62)
|
-
|
121,405
|
Share
of loss of associates and joint ventures
|
2,080
|
137
|
-
|
-
|
2,217
|
Result before financial results and income tax
|
123,636
|
48
|
(62)
|
-
|
123,622
|
Description
|
Currency
|
Amount (USD MM) (1)
|
Interest Rate
|
Maturity
|
Bank
overdrafts
|
ARS
|
21.0
|
Floating
|
<
360 days
|
Series
VIII
|
USD
|
10.8
|
10.0%
|
Nov-23
|
Series
XI
|
USD
|
12.8
|
5.0%
|
Mar-24
|
Series
XII
|
ARS
|
43.8
|
Floating
|
Mar-24
|
Series
XIII
|
USD
|
22.2
|
3.9%
|
Aug-24
|
Series
XIV
|
USD
|
157.8
|
8.75%
|
Jun-28
|
Series
XV
|
USD
|
61.7
|
8.0%
|
Mar-25
|
Series
XVI
|
USD
|
28.3
|
7.0%
|
Jul-25
|
Series
XVII
|
USD
|
25.0
|
5.0%
|
Dic-25
|
IRSA’s Total Debt
|
USD
|
383.4
|
|
|
Cash & Cash Equivalents + Investments
(2)
|
USD
|
192.3
|
|
|
IRSA’s Net Debt
|
USD
|
191.1
|
|
|
(in ARS
million)
|
09.30.2023
|
09.30.2022
|
09.30.2021
|
09.30.2020
|
09.30.2019
|
Non-current
assets
|
958,009
|
943,189
|
967,315
|
1,245,023
|
3,220,685
|
Current
assets
|
103,354
|
83,437
|
66,762
|
87,676
|
1,491,762
|
Total assets
|
1,061,363
|
1,026,626
|
1,034,077
|
1,332,699
|
4,712,447
|
Capital
and reserves attributable to the equity holders of the
parent
|
563,110
|
462,347
|
291,338
|
467,972
|
342,541
|
Non-controlling
interest
|
32,647
|
31,815
|
97,791
|
155,363
|
416,027
|
Total shareholders’ equity
|
595,757
|
494,162
|
389,129
|
623,335
|
758,568
|
Non-current
liabilities
|
376,619
|
392,075
|
552,266
|
509,540
|
3,030,346
|
Current
liabilities
|
88,987
|
140,389
|
92,682
|
199,824
|
923,533
|
Total liabilities
|
465,606
|
532,464
|
644,948
|
709,364
|
3,953,879
|
Total liabilities and shareholders’ equity
|
1,061,363
|
1,026,626
|
1,034,077
|
1,332,699
|
4,712,447
|
(in ARS
million)
|
09.30.2023
|
09.30.2022
|
09.30.2021
|
09.30.2020
|
09.30.2019
|
Profit from operations
|
121,405
|
(2,520)
|
(21,286)
|
156,378
|
94,041
|
Share
of profit of associates and joint ventures
|
2,217
|
2,281
|
(674
|
982
|
4,901
|
Result from operations before financing and taxation
|
123,622
|
(239)
|
(21,960)
|
157,360
|
98,942
|
Financial
income
|
378
|
140
|
269
|
374
|
553
|
Financial
cost
|
(4,121)
|
(4,404)
|
(7,906)
|
(10,594)
|
(11,850)
|
Other
financial results
|
(2,359)
|
512
|
12,939
|
4,151
|
(60,857)
|
Inflation
adjustment
|
6,510
|
10,700
|
1,482
|
(388)
|
(2,614)
|
Financial results, net
|
408
|
6,948
|
6,784
|
(6,457)
|
(74,768)
|
Results before income tax
|
124,030
|
6,709
|
(15,176)
|
150,903
|
24,174
|
Income
tax
|
(42,950)
|
(3,620)
|
10,756
|
(52,915)
|
(16,658)
|
Result for the period from continued operations
|
81,080
|
3,089
|
(4,420)
|
97,988
|
7,516
|
Result
for the period from discontinued operations after
taxes
|
-
|
-
|
-
|
(42,531)
|
92,344
|
Result of the period
|
81,080
|
3,089
|
(4,420)
|
55,457
|
99,860
|
Other
comprehensive results for the period
|
(336)
|
(620)
|
(712
|
(57,669)
|
105,378
|
Total comprehensive result for the period
|
80,744
|
2,469
|
(5,132)
|
(2,212)
|
205,238
|
|
|
|
|
|
|
Attributable
to:
|
|
|
|
|
|
Equity
holders of the parent
|
76,716
|
2,184
|
(3,322)
|
19,377
|
23,726
|
Non-controlling
interest
|
4,028
|
285
|
(1,810)
|
(21,589)
|
181,512
|
(in ARS
million)
|
09.30.2023
|
09.30.2022
|
09.30.2021
|
09.30.2020
|
09.30.2019
|
Net
cash generated from operating activities
|
10,672
|
10,318
|
7,208
|
22,351
|
69,602
|
Net
cash generated from investing activities
|
6,909
|
4,630
|
(960)
|
275,576
|
23,206
|
Net
cash used in financing activities
|
(7,734)
|
(43,904)
|
(4,506)
|
(180,501)
|
(234,329)
|
Net (decrease) / increase in cash and cash equivalents
|
9,847
|
(28,956)
|
1,742
|
117,426
|
(141,521)
|
Cash
and cash equivalents at beginning of year
|
11,777
|
37,134
|
9,202
|
646,856
|
618,815
|
Cash
and cash equivalents reclassified to held for sale
|
-
|
-
|
-
|
-
|
238
|
Inflation
adjustment
|
(615)
|
(422)
|
(1,594)
|
(207)
|
(200)
|
Deconsolidation
of subsidiaries
|
-
|
-
|
-
|
(692,660)
|
-
|
Foreign
exchange (loss) / gain on cash and changes in fair value for cash
equivalents
|
592
|
319
|
38
|
(42,178)
|
92,468
|
Cash and cash equivalents at period-end
|
21,601
|
8,075
|
9,388
|
29,237
|
569,800
|
(in ARS
million)
|
09.30.2023
|
|
09.30.2022
|
|
09.30.2021
|
|
09.30.2020
|
|
09.30.2019
|
|
Liquidity
|
|
|
|
|
|
|
|
|
|
|
CURRENT
ASSETS
|
103,354
|
1.16
|
83,437
|
0.59
|
66,762
|
0.72
|
87,676
|
0.44
|
1,491,762
|
1.62
|
CURRENT
LIABILITIES
|
88,987
|
|
140,389
|
|
92,682
|
|
199,824
|
|
923,533
|
|
Solvency
|
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS’
EQUITY
|
595,757
|
1.28
|
494,162
|
0.93
|
389,129
|
0.60
|
623,335
|
0.88
|
758,568
|
0.19
|
TOTAL
LIABILITIES
|
465,606
|
|
532,464
|
|
644,948
|
|
709,364
|
|
3,953,879
|
|
Capital Assets
|
|
|
|
|
|
|
|
|
|
|
NON-CURRENT
ASSETS
|
958,009
|
0.90
|
943,189
|
0.92
|
967,315
|
0.94
|
1,245,023
|
0.93
|
3,220,685
|
0.68
|
TOTAL
ASSETS
|
1,061,363
|
|
1,026,626
|
|
1,034,077
|
|
1,332,699
|
|
4,712,447
|
|
Profitability
|
|
|
|
|
|
|
|
|
|
|
RESULT
OF THE PERIOD
|
81,080
|
0.15
|
3,089
|
0.01
|
-4,420
|
-0.01
|
55,457
|
0.08
|
99,860
|
0.12
|
AVERAGE
SHAREHOLDERS’ EQUITY
|
544,960
|
|
441,646
|
|
506,232
|
|
690,952
|
|
832,779
|
|
For the three-month period ended September 30 (in ARS
million)
|
||
|
2023
|
2022
|
Profit
for the period
|
81,080
|
3,089
|
Interest
income
|
(378)
|
(140)
|
Interest
expense
|
3,700
|
3,964
|
Income
tax
|
42,950
|
3,620
|
Depreciation
and amortization
|
575
|
520
|
EBITDA (unaudited)
|
127,927
|
11,053
|
Net
gain / (loss) from fair value adjustment of investment
properties
|
(102,292)
|
15,797
|
Realized
net gain from fair value adjustment of investment
properties
|
2,331
|
2,161
|
Recovery
of provision
|
(4,989)
|
-
|
Share
of profit of associates and joint ventures
|
(2,217)
|
(2,281)
|
Foreign
exchange differences net
|
4,008
|
(4,947)
|
Result
from derivative financial instruments
|
8
|
(24)
|
Fair
value gains of financial assets and liabilities at fair value
through profit or loss
|
(290)
|
4,465
|
Inflation
adjustment
|
(6,510)
|
(10,700)
|
Other
financial costs/income
|
(946)
|
434
|
Adjusted EBITDA (unaudited)
|
17,030
|
15,958
|
Adjusted EBITDA Margin (unaudited) (1)
|
67.69%
|
72.34%
|
For the three-month period ended September 30 (in ARS
million)
|
||
|
2023
|
2022
|
Gross
profit
|
20,727
|
17,642
|
Selling
expenses
|
(1,610)
|
(1,175)
|
Depreciation
and amortization
|
575
|
520
|
Realized
result from fair value of investment properties
|
2,331
|
2,161
|
NOI (unaudited)
|
22,023
|
19,148
|
For the three-month period ended September 30 (in ARS
million))
|
||
|
2023
|
2023
|
Result
for the period
|
81,080
|
3,089
|
Result
from fair value adjustments of investment properties
|
(102,292)
|
15,797
|
Result
from fair value adjustments of investment properties,
realized
|
2,331
|
2,161
|
Recovery
of provision
|
(4,989)
|
-
|
Depreciation
and amortization
|
575
|
520
|
Foreign
exchange, net
|
4,008
|
(4,947)
|
Other
financial results
|
(1,398)
|
210
|
Results
from derivative financial instruments
|
8
|
(24)
|
Results
of financial assets and liabilities at fair value through profit or
loss
|
(290)
|
4,465
|
Other
financial costs
|
421
|
440
|
Income tax current /
deferred(1)
|
41,527
|
2,476
|
Non-controlling
interest
|
(4,038)
|
(321)
|
Non-controlling
interest related to PAMSA’s fair value
|
5,259
|
(571)
|
Results
of associates and joint ventures
|
(2,217)
|
(2,281)
|
Inflation
adjustment
|
(6,510)
|
(10,700)
|
Repurchase
of non-convertible notes
|
31
|
(216)
|
Adjusted FFO
|
13,506
|
10,098
|