8. Result on property sales
The result on property sales can be specified as follows:
9. Management expenses
The management expenses comprise:
10. Financial results
The financial results can be specified as follows:
11. Unrealised results
The unrealised results can be specified as follows:
12. Tax
The income tax expenses for the year can be reconciled with the accounting profit as follows:
13. Other comprehensive income
The other comprehensive income during the year can be specified as follows:
14. Intangible fixed assets
The intangible fixed assets can be specified as follows:
15. Investment property
The investment property can be specified as follows:
16. Investment property under construction
As set out in Note 3, in arriving at their estimates of market values, the external independent real estate valuation experts used their market knowledge and professional judgment, rather than relying exclusively on comparable historical transaction
17. Property, plant and equipment
The economic life of the head office of Vesteda in Amsterdam ‘De Boel’ is set at twenty-five years and the residual value amounts to €5 million. An independent valuation expert valued the building at fair value for an amount of €13.7 million.