Consolidated Balance Sheet

Consolidated Balance Sheet – Assets

in € million	Notes	Dec. 31, 2020	Dec. 31, 2021

Intangible assets	D26	1,611.7	3,005.3
Property, plant and equipment	D27	387.6	654.1
Investment properties	D28	58,071.8	94,100.1
Financial assets	D29	383.1	1,016.7
Investments accounted for using the equity method	D30	32.9	548.9
Other assets	D31	128.5	199.6
Deferred tax assets	D32	16.4	19.8
Total non-current assets		60,632.0	99,544.5

Inventories	D33	8.7	16.4
Trade receivables	D34	268.9	449.9
Financial assets	D29	0.4	1,063.3
Other assets	D31	119.0	220.9
Income tax receivables	D32	39.8	201.9
Cash and cash equivalents	D35	613.3	1,432.8
Real estate inventories	D36	570.4	671.2
Assets held for sale	D37	164.9	2,719.4
Total current assets		1,785.4	6,775.8
Total assets		62,417.4	106,320.3

Consolidated Balance Sheet – Equity and Liabilities

in € million	Notes	Dec. 31, 2020	Dec. 31, 2021

Subscribed capital		565.9	776.6
Capital reserves		9,037.9	15,458.4
Retained earnings		13,368.2	16,925.9
Other reserves		171.9	126.2
Total equity attributable to Vonovia shareholders		23,143.9	33,287.1
Equity attributable to hybrid capital investors		1,001.6	–
Total equity attributable to Vonovia shareholders and hybrid capital investors		24,145.5	33,287.1
Non-controlling interests		686.3	3,258.0
Total equity	E38	24,831.8	36,545.1

Provisions	E39	711.3	866.3
Trade payables	E40	5.0	5.4
Non-derivative financial liabilities	E41	22,375.1	40,171.9
Derivatives	E42	76.8	66.2
Lease liabilities	E43	467.3	634.9
Liabilities to non-controlling interests	E44	26.8	224.5
Financial liabilities from tenant financing	E45	45.3	44.9
Other liabilities	E46	2.6	5.2
Deferred tax liabilities		10,959.6	18,693.9
Total non-current liabilities		34,669.8	60,713.2

Provisions	E39	389.0	727.2
Trade payables	E40	229.5	444.4
Non-derivative financial liabilities	E41	1,709.6	6,857.1
Derivatives	E42	222.2	266.0
Lease liabilities	E43	27.8	44.2
Liabilities to non-controlling interests	E44	16.3	16.0
Financial liabilities from tenant financing	E45	118.1	112.6
Other liabilities	E46	203.3	228.8
Liabilities associated with assets classified as held for sale	D37	–	365.7
Total current liabilities		2,915.8	9,062.0
Total liabilities		37,585.6	69,775.2
Total equity and liabilities		62,417.4	106,320.3