Consolidated Balance Sheet

Consolidated Balance Sheet – Assets

in € million	Notes	Dec. 31, 2022 (adjusted)	Dec. 31, 2023

Intangible assets	D26	1,659.5	1,423.7
Property, plant and equipment	D27	673.4	655.1
Investment properties	D28	92,300.1	81,120.3
Financial assets	D29	745.0	1,456.3
Investments accounted for using the equity method	D30	240.1	157.9
Other assets	D31	380.2	221.7
Deferred tax assets	D32	39.6	86.4
Total non-current assets		96,037.9	85,121.4

Inventories	D33	32.1	19.7
Trade receivables	D34	161.0	593.2
Financial assets	D29	768.2	1,007.8
Other assets	D31	621.0	660.3
Income tax receivables	D32	239.9	178.2
Cash and cash equivalents	D35	1,302.4	1,374.4
Real estate inventories	D36	2,156.3	1,957.7
Assets held for sale	D37	70.8	313.1
Assets from discontinued operations	D37	–	770.1
Total current assets		5,351.7	6,874.5
Total assets		101,389.6	91,995.9

Consolidated Balance Sheet – Equity and Liabilities

in € million	Notes	Dec. 31, 2022 (adjusted)	Dec. 31, 2023

Subscribed capital		795.8	814.6
Capital reserves		5,151.6	2,681.2
Retained earnings		25,605.1	22,505.1
Other reserves		-221.0	-318.3
Total equity attributable to Vonovia shareholders		31,331.5	25,682.6
Non-controlling interests		3,107.3	4,262.0
Total equity	E38	34,438.8	29,944.6

Provisions	E39	655.7	606.9
Trade payables	E40	5.2	7.0
Non-derivative financial liabilities	E41	41,269.7	39,636.5
Derivatives	E42	–	59.2
Lease liabilities	E44	641.0	629.3
Liabilities to non-controlling interests	E45	220.0	167.7
Financial liabilities from tenant financing	E46	43.0	41.6
Other liabilities	E47	27.9	51.0
Deferred tax liabilities	B22	18,612.4	15,713.2
Total non-current liabilities		61,474.9	56,912.4

Provisions	E39	238.0	202.9
Trade payables	E40	563.3	486.4
Non-derivative financial liabilities	E41	3,790.0	3,260.6
Derivatives	E42	1.3	0.1
Put options	E43	270.9	316.2
Lease liabilities	E44	41.5	43.9
Liabilities to non-controlling interests	E45	15.9	30.7
Financial liabilities from tenant financing	E46	112.1	112.5
Current income taxes		241.3	260.0
Other liabilities	E47	201.6	283.6
Liabilities from discontinued operations	D37	–	142.0
Total current liabilities		5,475.9	5,138.9
Total liabilities		66,950.8	62,051.3
Total equity and liabilities		101,389.6	91,995.9