Assurance report of the independent auditor
To the participants and the Supervisory Committee of Vesteda Residential Fund FGR
Consolidated statement of financial position1
For the year ended 31 December 2024; amounts in € million
Consolidated statement of profit or loss and other comprehensive income1
For the year ended 31 December 2024; amounts in € million
Consolidated statement of changes in equity
For the year ended 31 December 2024; amounts in € million
Consolidated cash flow statement
For the year ended 31 December 2024; amounts in € million
1. Corporate information
The consolidated financial statements of Vesteda Residential Fund FGR (the Fund) and the affiliated entities (the Vesteda Companies) for the year ended 31 December 2024 were authorized for issue in accordance with a resolution of the Management
2. Basis of preparation
Vesteda Residential Fund FGR (the Fund) is not a legal entity. These financial statements present the consolidated financial information of the Fund and its affiliated companies (together referred to as the Vesteda Companies).
3. Critical accounting judgements and key sources of estimation uncertainty
In the application of the Vesteda’s accounting policies, which are described in Note 4, management is required to make judgements (other than those involving estimations) that have a significant impact on the amounts recognised and to make estimates
4. Summary of significant accounting policies
Vesteda Residential Fund FGR is a contractual investment Fund (beleggingsfonds), as defined in section 1:1 of the Dutch Financial Supervision Act (FSA).
5. Gross rental income
Gross rental income can be broken down as follows: