Notes to the consolidated statement of financial position
Additional notes
The following table provides the details of transactions that have been entered into with related parties for the relevant financial years.
Accounting policies
The company financial statements of the Amvest Residential Core Fund have been prepared in accordance with the requirements in Book 2, Part 9 of the Dutch Civil Code.
Basis of preparation
The financial statements are presented in euros, rounded to the nearest thousand, unless stated otherwise. The euro is the Amvest Residential Core Fund’s reporting and functional currency.
Summarized company statement of profit or loss
Company Statement of financial position
The Amvest Residential Core Fund obtained economic control over Utrechtse Fondsen Vastgoed CV (UFCV) as per 1 July 2019.
Independent auditor’s report
To: The Fund Manager of the Amvest Residential Core Fund
Limited assurance report of the independent auditor on the selected non-financial indicators
We have performed a limited assurance engagement on the selected non-financial indicators in the Annual Report 2024 (‘the annual report’) of Amvest Residential Core Fund based in Amsterdam (‘the Fund’).
Provisions in the articles of association governing the appropriation of profit
Article 28 of the Terms and Conditions of Management and Custody of the ARC Fund stipulate that Net Proceeds are distributed among the Investors in proportion to their participation in the ARC Fund’s capital.