Consolidated Balance Sheet

in € million	Notes	Dec. 31, 2023	Dec. 31, 2024

Assets
Intangible assets	D25	1,423.7	1,424.4
Property, plant and equipment	D26	655.1	743.8
Investment properties	D27	81,120.3	78,343.1
Financial assets	D28	1,456.3	1,181.1
Investments accounted for using the equity method	D29	157.9	344.3
Other assets	D30	221.7	267.0
Deferred tax assets		86.4	23.2
Total non-current assets		85,121.4	82,326.9

Inventories	D32	19.7	13.2
Trade receivables	D33	593.2	584.6
Financial assets	D28	1,007.8	866.8
Other assets	D30	660.3	674.5
Income tax receivables	D31	178.2	177.0
Cash and cash equivalents	D34	1,374.4	1,756.7
Real estate inventories	D35	1,957.7	1,608.0
Assets held for sale	D36	313.1	1,498.7
Assets from discontinued operations	D36	770.1	729.9
Total current assets		6,874.5	7,909.4
Total assets		91,995.9	90,236.3

Equity and liabilities
Subscribed capital		814.6	822.9
Capital reserves		2,681.2	2,451.1
Retained earnings		22,505.1	21,149.1
Other reserves		-318.3	-426.7
Total equity attributable to Vonovia shareholders		25,682.6	23,996.4
Non-controlling interests		4,262.0	4,130.5
Total equity	E37	29,944.6	28,126.9

Provisions	E38	606.9	584.5
Trade payables	E39	7.0	6.0
Non-derivative financial liabilities	E40	39,636.5	37,448.3
Derivatives	E41	59.2	59.6
Lease liabilities	E42	629.3	630.6
Liabilities to non-controlling interests	E43	167.7	176.2
Financial liabilities from tenant financing	E44	41.6	41.6
Other liabilities	E45	51.0	84.3
Deferred tax liabilities		15,713.2	15,613.5
Total non-current liabilities		56,912.4	54,644.6

Provisions	E38	202.9	340.6
Trade payables	E39	486.4	524.2
Non-derivative financial liabilities	E40	3,260.6	5,202.7
Derivatives	E41	0.1	1.1
Put options		316.2	311.2
Lease liabilities	E42	43.9	45.1
Liabilities to non-controlling interests	E43	30.7	32.6
Financial liabilities from tenant financing	E44	112.5	109.0
Current income taxes	D31	260.0	244.7
Other liabilities	E45	283.6	373.1
Liabilities associated with assets classified as held for sale	D36	–	203.1
Liabilities from discontinued operations	D36	142.0	77.4
Total current liabilities		5,138.9	7,464.8
Total liabilities		62,051.3	62,109.4
Total equity and liabilities		91,995.9	90,236.3