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 €14.6 million.
18. Financial assets
The financial assets movements can be specified as follows:
19. Trade and other receivables
The trade and other receivables can be specified as follows:
20. Cash and cash equivalents
The cash and cash equivalents can be specified as follows:
21. Group equity
The total equity amounts to:
22. Financial liabilities
The non-current financial liabilities can be specified as follows:
23. Lease liabilities
As of 1 January 2019 IFRS 16 is implemented in the balance sheet and P&L.
24. Provisions
The current provisions movements can be specified as follows:
25. Trade and other payables
The trade and other payables can be specified as follows: