Consolidated statement of changes in equity
For the year ended 31 December 2024; amounts in € million
Reserve | |||||||
Fund equity | General paid-in surplus | Property reserve | Derivatives | Legal | Other reserve | Total equity | |
Balance at 1 January 2023 | 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 |
Profit for the year | - | - | 866 | - | - | 261 | 1,127 |
Other comprehensive income | - | - | - | 1 | 1 | - | 2 |
Total comprehensive income | - | - | 866 | 1 | 1 | 261 | 1,129 |
Realised from property sales | - | - | (58) | - | - | 58 | - |
Capital paid in | - | - | - | - | - | - | - |
Equity issued | 1 | 90 | - | - | - | - | 91 |
Equity redemption | (1) | (140) | - | - | - | - | (141) |
Distribution paid | - | (200) | - | - | - | - | (200) |
Rounding adjustment | - | - | - | (1) | - | 1 | - |
Balance at 31 December 2024 | 35 | 916 | 3,543 | (2) | 5 | 2,774 | 7,271 |
In 2024, Vesteda paid out €140 million in redemptions, consisting of the payout of the Redemption Available Cash of €50 million and one secondary transaction for a total of €90 million.
Other comprehensive income may be recognised as profit or loss in future periods.