Consolidated statement of comprehensive income
All amounts in € thousands, unless otherwise stated
Consolidated statement of financial position
Before appropriation of result, all amounts in € thousands
Consolidated statement of changes in equity
For 2023, before appropriation of profit, all amounts in € thousands
Consolidated statement of cash flows
All amounts in € thousands
Notes to the consolidated financial statements
All amounts in € thousands, unless otherwise stated
1 General information
The Residential Fund (Chamber of Commerce number 34366452) is a public limited liability company incorporated under the laws of the Netherlands, with its corporate seat in Amsterdam, the Netherlands.
2 Summary of material accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied unless otherwise stated.
3 Financial risk management
The credit risk relating to the receivables is maximised to € 1.3 million in 2023 (2022: € 1.4 million) and the receivables are closely monitored.
4 Critical accounting estimates and judgements
5 Core regions
A spread by core regions is applied in the analysis of the valuation of the investment property portfolio.