2 Shareholders’ equity
2023, before appropriation of result
Issued capital | Share premium | Statutory reserve investments in associates | Other reserves | Retained earnings | Total equity | |
Balance at 1 January 2023 | 225 | 41,367 | 5,236 | (7,599) | 5,428 | 44,657 |
Net result for the year | - | - | - | - | (2,247) | (2,247) |
Appropriation of result | - | - | - | 5,428 | (5,428) | - |
Change in statutory reserve investments in associates | - | - | (1,460) | 1,460 | - | - |
Dividends paid | - | - | - | - | - | - |
Balance at 31 December 2023 | 225 | 41,367 | 3,776 | (711) | (2,247) | 42,409 |
2022, before appropriation of result
Issued capital | Share premium | Statutory reserve investments in associates | Other reserves | Retained earnings | Total equity | |
Balance at 1 January 2022 | 225 | 41,367 | 5,395 | (8,261) | 6,503 | 45,229 |
Net result for the year | - | - | - | - | 5,428 | 5,428 |
Appropriation of result | - | - | - | 6,503 | (6,503) | - |
Change in statutory reserve investments in associates | - | - | (159) | 159 | - | - |
Dividends paid | - | - | - | (6,000) | - | (6,000) |
Balance at 31 December 2022 | 225 | 41,367 | 5,236 | (7,599) | 5,428 | 44,657 |
Share capital
The shares have a nominal value of one euro. On 31 December 2023, Bouwinvest had a total of 225,000 issued and fully paid up ordinary shares.
Statutory reserve for participations
Bouwinvest has formed a statutory reserve for its financial position in the real estate funds. The movements in the statutory reserve item were as follows:
2023 | 2022 | |
Balance at 1 January | 5,236 | 5,395 |
Additions | - | - |
Released | (1,460) | (159) |
Balance at 31 December | 3,776 | 5,236 |
Appropriation of 2022 result
On 12 April 2023, the General Meeting adopted the 2022 financial statements. The General Meeting approved the additon of the 2022 net result to the other reserves.
Proposal for the appropriation of the 2023 result
It will be proposed to the General Meeting that it approve the withdrawal of the 2023 net loss, amounting to € -2.247.000, to the retained earnings in line with the capital policy.
This proposal has not yet been included in the financial statements.