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Consolidated statement of changes in equity

For the year ended 31 December 2023; amounts in € million

   

Reserve

 

Fund equity

General paid-in surplus

Property reserve

Derivatives

Legal

Other reserve

Total equity

Balance at 1 January 2022

35

1,659

3,760

(4)

7

2,096

7,553

        

Profit for the year

-

-

(168)

-

-

156

(12)

Other comprehensive income

-

-

-

1

(1)

2

2

Total comprehensive income

-

-

(168)

1

(1)

158

(10)

        

Realised from property sales

-

-

(14)

-

-

14

-

Equity redemption

-

(50)

-

-

-

-

(50)

Distribution paid

-

(195)

-

-

-

-

(195)

        

Balance at 31 December 2022

35

1,414

3,578

(3)

6

2,268

7,298

        

Profit for the year

-

-

(827)

-

-

171

(656)

Other comprehensive income

-

-

-

1

(2)

-

(1)

Total comprehensive income

-

-

(827)

1

(2)

171

(657)

        

Realised from property sales

-

-

(16)

-

-

16

-

Capital paid in

-

-

-

-

-

-

-

Equity issued

1

116

-

-

-

-

117

Equity redemption

(1)

(166)

-

-

-

-

(167)

Distribution paid

-

(199)

-

-

-

-

(199)

        

Balance at 31 December 2023

35

1,166

2,735

(2)

4

2,455

6,392

In 2023, Vesteda paid €167 million in redemptions, consisting of the payout of the Redemption Available Cash of €50 million and three secondary transactions for in total €117 million. Two transactions were with existing participants who have expanded their holding, and one with a new entrant.

Other comprehensive income may be recognised as profit or loss in future periods.