ALTO PALERMO SA APSA

CIK:0001128173|SEC Filings

Consolidated Statements of Comprehensive Income and Other Comprehensive Income - ARS ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Consolidated Statements of Comprehensive Income and Other Comprehensive Income
Income from sales, rentals and services	$ 8,092,000,000	$ 12,860,000,000	$ 16,261,000,000
Income from expenses and collective promotion fund	2,911,000,000	4,672,000,000	5,572,000,000
Operating costs	(4,422,000,000)	(6,159,000,000)	(7,337,000,000)
Gross profit	6,581,000,000	11,373,000,000	14,496,000,000
Net (loss)/gain from fair value adjustments of investment properties	(13,946,000,000)	37,740,000,000	(55,520,000,000)
General and administrative expenses	(1,989,000,000)	(1,834,000,000)	(1,996,000,000)
Selling expenses	(1,243,000,000)	(1,242,000,000)	(971,000,000)
Other operating results, net	(18,000,000)	193,000,000	(516,000,000)
(Loss)/ profit from operations	(10,615,000,000)	46,230,000,000	(44,507,000,000)
Share of (loss)/ profit of associates and joint ventures	(2,652,000,000)	267,000,000	(868,000,000)
(Loss)/ profit from operations before financing and taxation	(13,267,000,000)	46,497,000,000	(45,375,000,000)
Finance income	790,000,000	1,155,000,000	177,000,000
Finance cost	(5,470,000,000)	(5,247,000,000)	(4,794,000,000)
Other financial results	7,441,000,000	(6,952,000,000)	2,527,000,000
Inflation adjustment	1,555,000,000	(115,000,000)	(689,000,000)
Financial results, net	4,316,000,000	(11,159,000,000)	(2,779,000,000)
(Loss)/ profit before income tax	(8,951,000,000)	35,338,000,000	(48,154,000,000)
Income tax expense	(13,586,000,000)	(8,072,000,000)	9,219,000,000
(Loss)/ profit for the year	(22,537,000,000)	27,266,000,000	(38,935,000,000)
Other comprehensive income/ (loss) for the year: (i)
Currency translation adjustment in associates	(24,000,000)	(33,000,000)	0
Items that cannot be reclassified subsequently to profit or loss:
Revaluation surplus	155,000,000	411,000,000	0
Other comprehensive income/ (loss) for the year	131,000,000	378,000,000	0
Total comprehensive (loss)/ income for the year	(22,406,000,000)	27,644,000,000	(38,935,000,000)
Total comprehensive (loss)/ income attributable to:
Equity holders of the parent	(21,933,000,000)	25,668,000,000	(38,711,000,000)
Non-controlling interest	(604,000,000)	1,598,000,000	$ (224,000,000)
Attributable to:
Equity holders of the pare	$ 131,000,000	$ 378,000,000
(Loss)/ profit per share attributable to equity holders of the parent for the year: (ii)
Basic	$ (40.52)	$ 47.43	$ (71.52)
Diluted	$ (40.52)	$ 47.43	$ (71.52)

Consolidated Statements of Cash Flows - ARS ($)	12 Months Ended
Consolidated Statements of Cash Flows - ARS ($)	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Operating activities:
Cash generated from operations	$ 1,306,000,000	$ 7,569,000,000	$ 8,774,000,000
Income tax paid	(24,000,000)	(224,000,000)	(381,000,000)
Net cash generated from operating activities	1,282,000,000	7,345,000,000	8,393,000,000
Investing activities:
Capital contributions in associates and joint ventures	(29,000,000)	(71,000,000)	(97,000,000)
Acquisition of investment properties	(993,000,000)	(3,682,000,000)	(3,764,000,000)
Proceeds from sales of investment properties	18,072,000,000	266,000,000	0
Acquisition of property, plant and equipment	(176,000,000)	(237,000,000)	(134,000,000)
Proceeds from sales of property, plant and equipment	7,000,000	0	0
Advance payments	(115,000,000)	(17,000,000)	(6,072,000,000)
Acquisition of intangible assets	(46,000,000)	(51,000,000)	(279,000,000)
Acquisitions of investments in financial assets	(13,036,000,000)	(13,457,000,000)	(44,064,000,000)
Proceeds from investments in financial assets	19,901,000,000	19,277,000,000	46,087,000,000
Loans granted	0	(1,385,000,000)	0
Loans granted to related parties	(14,764,000,000)	(7,088,000,000)	0
Loans payment received from related parties	205,000,000	1,000,000,000	0
Proceeds from sales of interest held in associates and joint ventures	0	0	8,000,000
Collection of financial assets interests and dividends	728,000,000	864,000,000	858,000,000
Dividends received	0	256,000,000	10,000,000
Net cash generated from/ (used in) investing activities	9,754,000,000	(4,325,000,000)	(7,447,000,000)
Financing activities:
Repurchase of non-convertible notes	(247,000,000)	(766,000,000)	(121,000,000)
Sales of non-convertible notes in portfolio	1,458,000,000	0	0
Borrowings obtained	0	15,377,000,000	5,005,000,000
Borrowings obtained from related parties	52,000,000	0	0
Payment of borrowings	(1,530,000,000)	(15,941,000,000)	(4,456,000,000)
Payment of non-convertible notes	(14,884,000,000)	0	0
Payment of leases liabilities	(38,000,000)	(71,000,000)	(26,000,000)
Acquisition of non-controlling interest in subsidiaries	(75,000,000)	0	0
Payment of derivative financial instruments	(547,000,000)	(849,000,000)	(1,460,000,000)
Proceeds from derivative financial instruments	64,000,000	729,000,000	2,365,000,000
Payment of interest	(4,589,000,000)	(4,530,000,000)	(4,346,000,000)
Reimbursement of dividends	0	0	70,000,000
Dividends paid	(2,587,000,000)	(1,097,000,000)	(1,513,000,000)
Dividends paid to non-controlling shareholders	0	(137,000,000)	0
Contribution of the non-controlling shareholders	26,000,000	0	0
Short-term loans, net	5,655,000,000	1,935,000,000	531,000,000
Net cash used in financing activities	(17,242,000,000)	(5,350,000,000)	(3,951,000,000)
Net decrease in cash and cash equivalents	(6,206,000,000)	(2,330,000,000)	(3,005,000,000)
Cash and cash equivalents at beginning of the year	6,949,000,000	9,014,000,000	12,167,000,000
Foreign exchange gain/(loss) on cash and fair value result for cash equivalents	96,000,000	322,000,000	(86,000,000)
Inflation adjustment	(46,000,000)	(57,000,000)	(62,000,000)
Cash and cash equivalents at end of the year	$ 793,000,000	$ 6,949,000,000	$ 9,014,000,000

Consolidated Statements of Financial Position - ARS ($) $ in Millions	Jun. 30, 2021	Jun. 30, 2020
Non-current assets
Investment properties	$ 144,864	$ 176,473
Property, plant and equipment	1,373	528
Trading properties	233	274
Intangible assets	1,474	1,528
Rights of use assets	810	866
Investments in associates and joint ventures	4,302	6,964
Deferred income tax assets	446	331
Income tax and minimum presumed income tax credits	17	10
Trade and other receivables	1,223	7,651
Investments in financial assets	10	30,781
Total non-current assets	154,752	194,625
Current Assets
Trading properties	4	10
Inventories	42	58
Income tax and minimum presumed income tax credit	143	148
Trade and other receivables	13,565	5,827
Derivative financial instruments	0	10
Investments in financial assets	8,105	9,415
Cash and cash equivalents	793	6,949
Total current assets	22,652	22,417
TOTAL ASSETS	177,404	217,042
SHAREHOLDERS' EQUITY
Total capital and reserves attributable to equity holders of the parent (according to corresponding statement)	72,464	107,370
Non-controlling interest	5,549	6,143
TOTAL SHAREHOLDERS' EQUITY	78,013	113,513
Non-current liabilities
Trade and other payables	1,321	1,860
Borrowings	35,188	39,922
Deferred income tax liabilities	48,817	36,016
Provisions	81	108
Derivative financial instruments	10	52
Leases liabilities	852	905
Total non-current liabilities	86,269	78,863
Current liabilities
Trade and other payables	3,976	5,349
Income tax liabilities	941	7
Payroll and social security liabilities	286	276
Borrowings	7,734	18,775
Derivative financial instrument	48	123
Provisions	84	65
Leases liabilities	53	71
Total current liabilities	13,122	24,666
TOTAL LIABILITIES	99,391	103,529
TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES	$ 177,404	$ 217,042