Consolidated Balance Sheet

Consolidated Balance Sheet – Assets

in € million	Dec. 31, 2021*	Sep. 30, 2022

Intangible assets	2,722.9	1,668.0
Property, plant and equipment	654.1	624.2
Investment properties	94,100.1	98,084.8
Financial assets	1,016.7	608.5
Investments accounted for using the equity method	425.3	251.9
Other assets	199.6	195.1
Deferred tax assets	19.8	19.8
Total non-current assets	99,138.5	101,452.3

Inventories	16.4	136.1
Trade receivables	449.9	387.7
Financial assets	1,063.3	1,497.7
Other assets	220.9	263.1
Income tax receivables	201.9	260.5
Cash and cash equivalents	1,432.8	1,356.5
Real estate inventories	671.2	578.9
Assets held for sale	2,719.4	140.6
Total current assets	6,775.8	4,621.1
Total assets	105,914.3	106,073.4

*The conclusion of the purchase price allocation for the Deutsche Wohnen Group resulted in an adjustment of the estimated measurement of the acquired joint ventures and associates retroactive to September 30, 2021, in the amount of € 123.6 million; € 15.6 million thereof were attributable to non-controlling interests and this increased goodwill. Likewise, the final allocation to the respective cash-generating unit was also completed retroactively, which increased the impairment loss to be recognized by € 390.4 million as of December 31, 2021.

Consolidated Balance Sheet – Equity and Liabilities

in € million	Dec. 31, 2021*	Sep. 30, 2022

Subscribed capital	776.6	795.8
Capital reserves	15,458.4	16,053.1
Retained earnings	16,535.5	17,425.1
Other reserves	126.2	-197.4
Total equity attributable to Vonovia shareholders	32,896.7	34,076.6
Non-controlling interests	3,242.4	3,348.0
Total equity	36,139.1	37,424.6

Provisions	866.3	607.7
Trade payables	5.4	0.2
Non-derivative financial liabilities	40,171.9	42,048.3
Derivatives	66.2	0.2
Lease liabilities	634.9	612.8
Liabilities to non-controlling interests	224.5	223.4
Financial liabilities from tenant financing	44.9	46.3
Other liabilities	5.2	20.3
Deferred tax liabilities	18,693.9	19,888.9
Total non-current liabilities	60,713.2	63,448.1

Provisions	727.2	714.5
Trade payables	444.4	306.5
Non-derivative financial liabilities	6,857.1	3,595.9
Derivatives	266.0	287.4
Lease liabilities	44.2	43.4
Liabilities to non-controlling interests	16.0	15.5
Financial liabilities from tenant financing	112.6	108.6
Other liabilities	228.8	128.9
Liabilities associated with assets classified as held for sale	365.7	–
Total current liabilities	9,062.0	5,200.7
Total liabilities	69,775.2	68,648.8
Total equity and liabilities	105,914.3	106,073.4

*The conclusion of the purchase price allocation for the Deutsche Wohnen Group resulted in an adjustment of the estimated measurement of the acquired joint ventures and associates retroactive to September 30, 2021, in the amount of € 123.6 million; € 15.6 million thereof were attributable to non-controlling interests and this increased goodwill. Likewise, the final allocation to the respective cash-generating unit was also completed retroactively, which increased the impairment loss to be recognized by € 390.4 million as of December 31, 2021.

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