Annual Report
2019
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Annual Report 2019
About Vesteda
Portfolio overview
Key figures
CSSR
Downloads
Foreword Management Board
Vesteda at a glance
About Vesteda
Portfolio overview
Key figures
Management Report
Strategy and long-term objectives
Market developments
Tenants
Introduction
Focus on tenant satisfaction
Tenant satisfaction surveys
Portfolio
Units
Segmentation
Acquisitions and property sales
Performance
Participants
Organisation and staff
Organisational structure
Workforce
Funding
Notes to the results
Outlook and management agenda
The outlook for 2020
Management agenda 2020
Report of the Supervisory Committee
Corporate Sustainability and Social Responsibility
Governance and risk management
Legal structure
Corporate governance
Compliance and integrity
Risk management
About this report
Assurance report of the independent auditor
Vesteda Residential Fund FGR financial statements 2019
Consolidated financial statements
Consolidated statement of profit or loss and other comprehensive income
Consolidated statement of financial position
Consolidated statement of changes in equity
Consolidated cash flow statement
Notes to the consolidated financial statements
1. Corporate information
2. Basis of preparation
3. Effect first time adoption
4. Critical accounting judgements and key sources of estimation uncertainty
5. Summary of significant accounting policies
6. Gross rental income
7. Service charges income
8. Property operating expenses
9. Result on property sales
10. Management expenses
11. Financial results
12. Unrealised results
13. Tax
14. Other comprehensive income
15. Investment property
16. Investment property under construction
17. Property, plant and equipment
18. Financial assets
19. Trade and other receivables
20. Cash and cash equivalents
21. Group equity
22. Financial liabilities
23. Lease liabilities
24. Provisions
25. Trade and other payables
26. Transactions with related parties
27. Financial risk management objectives and policies
28. Capital management
29. Management Board and other identified staff remuneration
30. Supervisory Committee remuneration
31. Service fees paid to external auditors
32. Contingencies and commitments
33. New and amended standards and interpretations
34. Events after balance sheet date
Company financial statements
Balance sheet (after proposed appropriation of result)
Profit and loss account
Notes to the company financial statements
1. Corporate information
2. Basis of preparation
3. Investment property
4. Investment property under construction
5. Property, plant and equipment
6. Financial assets
7. Trade and other receivables
8. Cash and cash equivalents
9. Equity
10. Provisions
11. Payables to associated companies
12. Payables to associated companies
13. Trade and other payables
14. Other comprehensive income
15. Transactions with associated companies
16. Other information
Independent auditor’s report
Vesteda Residential Fund FGR financial overviews in accordance with INREV valuations principles
General introduction
Consolidated statement of profit or loss and other comprehensive income in accordance with INREV valuation principles
Consolidated statement of financial position in accordance with INREV valuation principles
Consolidated statement of changes in equity in accordance with INREV valuation principles
INREV expense metrics
Notes to the INREV financial statements
Independent auditor’s report
Annexes
Annex 1: Key figures 2010-2019
Annex 2: Members of the Management Board and Management Team
Annex 3: Members of the Supervisory Committee
Annex 4: GRI Content Index for ‘In accordance’ - Core
Annex 5: Composition of the investment portfolio
Annex 6: External appraisers
Annex 7: Definitions
Foreword Management Board
Vesteda at a glance
About Vesteda
Portfolio overview
Key figures
Management Report
Strategy and long-term objectives
Market developments
Tenants
Portfolio
Participants
Organisation and staff
Funding
Notes to the results
Outlook and management agenda
Report of the Supervisory Committee
Corporate Sustainability and Social Responsibility
Governance and risk management
Legal structure
Corporate governance
Compliance and integrity
Risk management
About this report
Assurance report of the independent auditor
Vesteda Residential Fund FGR financial statements 2019
Consolidated financial statements
Company financial statements
Vesteda Residential Fund FGR financial overviews in accordance with INREV valuations principles
General introduction
Consolidated statement of profit or loss and other comprehensive income in accordance with INREV valuation principles
Consolidated statement of financial position in accordance with INREV valuation principles
Consolidated statement of changes in equity in accordance with INREV valuation principles
INREV expense metrics
Notes to the INREV financial statements
Independent auditor’s report
Annexes
Annex 1: Key figures 2010-2019
Annex 2: Members of the Management Board and Management Team
Annex 3: Members of the Supervisory Committee
Annex 4: GRI Content Index for ‘In accordance’ - Core
Annex 5: Composition of the investment portfolio
Annex 6: External appraisers
Annex 7: Definitions