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Sla artikel navigatie over.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