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Company Statement of financial position

EUR X 1,000

Notes

31-12-2024

31-12-2023

Assets

   
    

Non-current assets

   

Subsidiaries

20

408,733

404,327

Investment property

 

3,729,814

3,355,069

Assets under construction

8

432,003

540,434

  

4,570,550

4,299,830

Current assets

   

Trade and other receivables

 

11,543

7,826

Cash and cash equivalents

21

97,776

12,856

Assets held for sale

 

-

11,844

  

109,319

32,526

    

Total assets

 

4,679,869

4,332,356

EUR X 1,000

Notes

31-12-2024

31-12-2023

Equity and Liabilities

   
    

Equity

22

  

Capital

 

86

89

Share premium reserve

 

1,225,304

1,408,998

Revaluation reserve

 

1,053,628

1,020,555

Other reserve

 

1,241,161

886,177

Equity

 

3,520,179

3,315,819

    

Non-current liabilites

   

Syndicated loan

16

935,000

940,000

Other long term liabilities

17

30,217

20,292

  

965,217

960,292

    

Current liabilities

   

Trade and other payables

 

194,473

56,245

  

194,473

56,245

    

Total equity and liabilities

 

4,679,869

4,332,356

The Amvest Residential Core Fund obtained economic control over Utrechtse Fondsen Vastgoed CV (UFCV) as per 1 July 2019. UFCV is an AIFMD licensed Limited Partnership which contains an investment property portfolio which, as per 1 July 2019, contained 1,352 residential units.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          

19 Result from subsidiaries

The result from subsidiaries only consists of the 2024 Utrechtse Fondsen Vastgoed CV (UFCV) result.

20 Subsidiaries

EUR x 1,000

 

31-12-2024

31-12-2023

At 1 January

 

404,327

445,856

    

Result

 

49,406

(11,529)

Dividend distributed

 

(45,000)

(30,000)

At end of the period

 

408,733

404,327

Refer to notes included in consolidated statement of financial position for disclosures on line items included in company statement of financial position.

21 Cash and cash equivalents

EUR X 1,000

31-12-2024

31-12-2023

ABN AMRO Bank NV

11,776

12,856

ING Bank NV

86,000

-

Cash and cash equivalents

97,776

12,856

All balances are available on demand.

22 Equity

The ARC Fund’s capital is divided into participating units with a nominal value of EUR 1 per participating unit. Each FGR unit is entitled to distributions from the Fund. For 2024, a total amount of EUR 94,000 thousand (2023: EUR 90,750 thousand ) of the share premium reserve was distributed to the Investors, being the final dividend distribution for 2024. Dividend per unit was EUR 1,089 in 2024 (2023: EUR 1,024).

23 Subsequent events

There were no significant subsequent events at the reporting date that require reporting

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