1 Reporting entity

The Amvest Residential Core Fund (the Fund) is a fund for joint account domiciled in the Netherlands. The address of the Fund’s registered office is Zeeburgerkade 1184, 1019 VK, Amsterdam.

2 Basis of preparation

The consolidated financial statements comprise the financial statements of the Fund and the companies it controls as at 31 December 2023.

3 Significant accounting policies

The accounting policies set out below have been applied consistently to all periods presented in these financial statements, and have been applied consistently by the ARC Fund.

4 Determination of fair value

A number of the ARC Fund’s accounting policies and disclosures require the determination of fair value for both financial and non-financial assets and liabilities.

5 Principles for the cash flow statement

The cash flow statement has been drawn up according to the indirect method, separating the cash flows from operating activities, investment activities, and financing activities.

6 Financial risk management

The section ‘Report of the Fund Manager’ describes the Risk Management Framework of the ARC Fund with eleven defined risks. In this section, risks are grouped with an emphasis on financial risk and its impact on the financial statements.

Real estate sensitivity analysis

Notes to the consolidated statement of profit or loss and other comprehensive income

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Notes to the consolidated statement of financial position

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Additional notes

The following table provides the details of transactions that have been entered into with related parties for the relevant financial years.