17. Property, plant and equipment
|
Buildings |
Others PP&E |
Total |
|
|
As at 1 January 2024 |
14 |
4 |
18 |
|
Investments |
- |
- |
- |
|
Depreciations |
- |
- |
- |
|
Revaluation |
1 |
- |
1 |
|
Right of use |
- |
- |
- |
|
As at 31 December 2024 |
15 |
4 |
19 |
|
Investments |
- |
- |
- |
|
Depreciations |
- |
- |
- |
|
Revaluation |
- |
- |
- |
|
Right of use |
- |
- |
- |
|
As at 31 December 2025 |
15 |
4 |
19 |
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 €14.7 million (2024: €14.6 million). For the determination of the fair value, please see Note 4.
De Boel cost specification
-
Cost price de Boel: €11 million
-
Accumulated depreciation: €1 million
-
Accumulated revaluation: €5 million
-
Balance: €15 million
The value of the other property, plant and equipment amounts to €4 million (2024: €4 million). Under the application of IFRS 16 Leases, the right of use of car lease contracts and office lease contracts is valued at €3 million.
Other property, plant and equipment specification
-
Acquisition costs: €9 million
-
Cumulative depreciation: €8 million
-
Right of use lease contracts: €3 million
-
Carrying amount: €4 million