Annual Report 2021
Annual Reports
Annual Report 2020
Annual Report 2019
Annual Report 2018
Interim Statements
Interim Statement Q3 2021
Half-Year Report 2021
Interim Statement Q1 2021
Sustainability Reports
Sustainability Report 2020
Sustainability Report 2019
Sustainability Report 2018
Archive
Further Documents
Annual Report 2021
Annual Reports
Annual Report 2020
Annual Report 2019
Annual Report 2018
Interim Statements
Interim Statement Q3 2021
Half-Year Report 2021
Interim Statement Q1 2021
Sustainability Reports
Sustainability Report 2020
Sustainability Report 2019
Sustainability Report 2018
Archive
Further Documents
Intro
Combined Management Report
Our strategy allows us to contribute to solving the challenges of the future created by the current megatrends.
Company & Shares
We are Part of the Solution.
As one of Germany‘s leading residential real estate companies, we are a member of society.
Key Figures
Letter from the Management Board
Report of the Supervisory Board
Management Board
Supervisory Board
Corporate Governance
Fundamental Information
Shareholders and Annual General Meeting
Supervisory Board
Management Board
Recruitment
Cooperation
Accounting and Financial Statement Auditing
Overview
Vonovia SE on the Capital Market
Shares in Vonovia
Shareholder Structure and Annual General Meeting
Investor Relations
Financing Environment
Outlook
Report
We are Part of the Solution.
As one of Germany‘s leading residential real estate companies, we are a member of society.
Fundamental Information About the Group
Megatrends and Overall Conditions
The Company
Corporate Structure
Strategy
Sustainability Aspects
4+2 Strategy
Vonovia Innovation Platform
Innovation as a Basis for Solutions
The Innovative Neighborhood of Tomorrow
Customer-Centric Solutions and Processes
Transparency and Efficiency
Scaling of Innovations
Non-financial Declaration
Content and Overall Conditions
Sustainability Management at Vonovia
Risk Assessment Based on Sustainability Aspects
Material Aspects
Taxonomy
Reporting on Aspects
Environmental Issues
Social Issues
Employee Issues
Combating corruption and bribery
Respect for Human Rights
Appeal on the Capital Market
Portfolio Structure
Portfolio in the Property Management Business
Portfolio in the Development Business
Management System
Management Model
Performance Indicators
Financial Performance Indicators
Non-financial Performance Indicators
Report on Economic Position
Key Events
Development of the Economy and the Industry
Germany
Sweden
Austria
Group’s Business Development
Results of Operations
Overview
Group FFO
Reconciliations
Assets
Consolidated Balance Sheet Structure
Net Asset Value
Fair Values
Financial Position
Cash Flow
Financing
Economic Development of Vonovia SE
Further Statutory Disclosures
Corporate Governance
Opportunities and Risks
Structure and Instruments
(1) Performance Management
(2) Compliance Management
(3) Risk Management System
(4) Internal Control System
(5) Internal Audit
Current Risk Assessment
Overall Assessment
Risks Related to Strategy
Risks Related to Operating Business
Risks Related to Regulatory Environment & Overall Statutory Framework
Risks Related to Financing
Current Opportunities Assessment
Assessment of Opportunities Inherent in the Business Model
Strategy-related Opportunities
Economic Environment and Market-related Opportunities
Opportunities Arising from the Operating Business
Financial Opportunities
Forecast Report
Financial Statements
We are Part of the Solution.
As one of Germany‘s leading residential real estate companies, we are a member of society.
Income Statement
Comprehensive Income
Balance Sheet
Cash Flows
Changes in Equity
Notes
We are Part of the Solution.
As one of Germany‘s leading residential real estate companies, we are a member of society.
Section (A): Principles of the Consolidated Financial Statements
1
General Information
2
Adjustment to Prior-year Figures
3
Consolidation Principles
4
Business Combinations
5
Financial Reporting of Financial Assets and Financial Liabilities
6
Currency Translation
7
Government Grants
8
Changes in Accounting Policies, Estimates, Assumptions, Options and Judgments
9
Subsequent Events
Section (B): Profit for the Period
10
Income from Property Management
11
Profit on Disposal of Properties
12
Profit on disposal of Real Estate Inventories
13
Net Income from Fair Value Adjustment of Investment Properties
14
Capitalized Internal Expenses
15
Cost of Materials
16
Personnel Expenses
17
Other Operating Income
18
Other Operating Expenses
19
Financial Income
20
Interest Expenses
21
Other Financial Result
22
Income Taxes
Section (C): Other Disclosures on the Results of Operations
23
Segment Reporting
24
Earnings per Share
25
Management Board’s Proposal for the Appropriation of Profit
Section (D): Assets
26
Intangible Assets
27
Property, Plant and Equipment
28
Investment Properties
29
Financial Assets
30
Long-Term Financial Assets Accounted for Using the Equity Method
31
Other Assets
32
Income Tax Receivables
33
Inventories
34
Trade Receivables
35
Cash and Cash Equivalents
36
Real Estate Inventories
37
Assets and Liabilities Held for Sale
Section (E): Capital Structure
38
Total Equity
39
Provisions
40
Trade Payables
41
Non-derivative Financial Liabilities
42
Derivatives
43
Leases
44
Liabilities to Non-controlling Interests
45
Financial Liabilities from Tenant Financing
46
Other Liabilities
Section (F): Corporate Governance Disclosures
47
Related Party Transactions
48
Share-Based Payments
49
Remuneration
50
Auditors’ Fees
51
Declaration of Conformity with the German Corporate Governance Code
Section (G): Additional Financial Management Disclosures
52
Additional Financial Instrument Disclosures
53
Information on the Consolidated Statement of Cash Flows
54
Financial Risk Management
55
Capital Management
56
Cash Flow Hedges and Stand-alone Interest Rate Swaps
57
Contingent Liabilities
58
Other Financial Obligations
Information
We are Part of the Solution.
As one of Germany‘s leading residential real estate companies, we are a member of society.
List of Vonovia Shareholdings
Further Information About the Bodies
Independent Auditor’s Report
Limited Assurance Report of the Independent Auditor
Responsibility Statement
EPRA Reporting
EPRA Earnings
NAV/NNNAV
EPRA Net Initial Yield
EPRA Vacancy Rate
EPRA Cost Ratio
Property-related Capital Expenditure
Like-for-like Rent Increases
Glossary
Financial Calendar and Contact
Deutsch
English
Home
Notes
Section (D): Assets
Section (D): Assets
26 Intangible Assets
27 Property, Plant and Equipment
28 Investment Properties
29 Financial Assets
30 Long-Term Financial Assets Accounted for Using the Equity Method
31 Other Assets
32 Income Tax Receivables
33 Inventories
34 Trade Receivables
35 Cash and Cash Equivalents
36 Real Estate Inventories
37 Assets and Liabilities Held for Sale
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Related links
Consolidated Balance Sheet
Last year comparison
25
Management Board’s Proposal for the Appropriation of Profit
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26
Intangible Assets