Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 307

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 5
Chunk 307
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30, 2023 to 7.3% during the fiscal year ended June 30, 2024.
Land Transformation and Sales. General and administrative expenses associated with the Land Transformation and Sales segment increased by 20.5% from ARS 73 million during the fiscal year ended June 30, 2023 to ARS 88 million during the fiscal year ended June 30, 2024. 
Corporate. General and administrative expenses associated with the Corporate segment decreased by 11.6%, from ARS 7,231 million during the fiscal year ended June 30, 2023 to ARS 6,390 million during the fiscal year ended June 30, 2024. 
Others. General and administrative expenses associated with the Others segment increased by 6.3%, from ARS 12,313 million during the fiscal year ended June 30, 2023 to ARS 13,093 million during the fiscal year ended June 30, 2024. General and administrative expenses of the Others segment, measured as a percentage of revenues from this segment, decreased from 8.9% during the fiscal year ended June 30, 2023 to 10.1% during the fiscal year ended June 30, 2024.
Urban Properties and Investment Business

Shopping Malls. General and administrative expenses of Shopping Malls decreased by 13.0%, from ARS 34,612 million during the fiscal year ended June 30, 2023, to ARS 30,126 million during the fiscal year ended June 30, 2024, mainly due to: (i) a decrease of ARS 3,129 million in fees payable to directors; (ii) a decrease of ARS 886 million in salaries, social security charges, and other personnel administrative expenses due to lower expenses related to bonuses paid to employees; (iii) a decrease of ARS 556 million in amortization and depreciation charges; (iv) a decrease of ARS 225 million in rents and expenses; partially offset by: (v) an increase in maintenance, security, cleaning, repairs, and related charges of ARS 301 million. General and administrative expenses of Shopping Malls, measured as a percentage of revenues from such segment, decreased from 14.1% during the fiscal year ended June 30, 2023, to 12.0% during the fiscal year ended June 30, 2024.
Offices. General and administrative