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.
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:
26. Transactions with related parties
Vesteda has a pension plan with ABP. In 2023, Vesteda paid premiums in the amount of €2.5 million (2022: €2.6 million). This counterparty is also a participant in the Fund.