Annual Report 2024
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Annual Report 2024
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Annual Report 2022
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Interim Statement Q3 2024
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Vonovia SE on the Capital Market
Capital Market Development and Shares in Vonovia
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Fundamental Information About the Group
Macroeconomic Environment
The Company
Corporate Structure
Strategy
Sustainability Statement
Content and Overall Conditions
Risk Assessment Based on Sustainability Aspects
ESRS 2 – General Disclosures
BP1 – General Basis
BP2 – Disclosures in Relation to Specific Circumstances
GOV-1 – Administrative, Management and Supervisory Bodies
GOV-2 – Information and Sustainability Matters
GOV-3 – Sustainability-related Performance in Incentive Schemes
GOV-4 – Statement on Due Diligence
GOV-5 – Risk Management and Internal Controls
SBM-1 – Strategy, Business Model and Value Chain
SBM-2 – Interests and Views of Stakeholders
SBM-3 – Material Impacts, Risks and Opportunities
IRO-1 – Identify and Assess Material Impacts, Risks and Opportunities
IRO-2 – Covered Disclosure Requirements
Taxonomy
Economic Activities Eligible for Taxonomy
Taxonomy Alignment
Taxonomy-aligned Shares of Business Activities
Performance Indicators
EU Taxonomy Regulation Reporting Forms
ESRS E1 Climate Change
E1-1 – Transition plan for climate change mitigation
ESRS E1 – ESRS 2 SBM-3
E1-2 – Policies Climate Change Mitigation and Adaptation
E1-3 – Actions Climate Change Policies
E1-4 – Targets Climate Change Mitigation and Adaptation
E1-5 – Energy Consumption and Mix
E1-6 – GHG emissions
ESRS S1 Own Workforce
ESRS S1 – ESRS 2 SBM-3
S1-1 – Policies Employees of the Company
S1-2 – Engaging with Own Workforce
S1-3 – Processes to Remediate Negative Impacts
S1-4 – Actions Own workforce
S1-5 – Targets Own Workforce
S1-6 – Characteristics of the Company’s Employees
S1-7 – Characteristics of the Company’s Non-employees
S1-8 – Collective Bargaining Coverage and Social Dialogue
S1-9 – Diversity Figures
S1-10 – Adequate Wages
S1-11 – Social Protection
S1-12 – Persons with Disabilities
S1-13 – Further Training and Skill Development
S1-15 – Work-life balance
S1-16 – Metrics for Remuneration
S1-17 – Human Rights
ESRS S4 Consumers and End-Users
ESRS S4 – ESRS 2 SBM-3
S4-1 – Policies Consumers and End-users
S4-2 – Engaging with Consumers and End-users
S4-3 – Processes to remediate negative impacts and channels for consumers and end-users to raise concerns
S4-4 – Processes to Remediate Negative Impacts
S4-5 – Targets Consumers and End-users
Neighborhood Development
ESRS 2 SBM-3
Strategic Policies
Objectives, Actions Taken and Metrics
Living at Fair Prices
ESRS 2 SBM-3
Strategic Policies
Objectives, Actions Taken and Metrics
ESRS G1 – Business Conduct
ESRS G1 – ESRS 2 SBM-3
G1-1 – Policies for Business Conduct and Corporate Culture
G1-3 – Prevention and Detection of Corruption and Bribery
G1-4 – Cases of Corruption and Bribery
Opportunities and Risks
Structure and Instruments
Performance Management
Compliance Management
Risk Management System
Internal Control System
Internal Audit
Current Risk Assessment
Overall Assessment
Risks Related to Operating Business
Risks Related to Regulatory Environment & Overall Statutory Framework
Risks Related to Financing
Sustainability Risks
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
Management System
Management Model
Management System
Performance indicators at Group level
Performance indicators at segment level
Portfolio Structure
Portfolio in the Property Management Business
Portfolio in the Development Business
Report on Economic Position
Key Events
Development of the Economy and the Industry
Group’s Business Development
Results of Operations
Overview
Details on Results of Operations by Segment
Adjusted EBT
Reconciliations
Assets
Consolidated Balance Sheet Structure
Net Asset Value
Fair Values
Financial Position
Cashflow
Financing
Economic Development of Vonovia SE
Forecast Report
Further Statutory Disclosures
Corporate Governance
Financial Statements
Investor Relations
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Income Statement
Comprehensive Income
Balance Sheet
Cash Flows
Changes in Equity
Notes
Investor Relations
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Section (A): Principles of the Consolidated Financial Statements
1
General Information
2
Consolidation Principles
3
Business Combinations
4
Financial Reporting of Financial Assets and Financial Liabilities
5
Currency Translation
6
Government Grants
7
Changes in Accounting Policies, Estimates, Assumptions, Options and Judgments
8
Subsequent Events
Section (B): Profit for the Period
9
Income from Property Management
10
Profit on Disposal of Properties
11
Profit on Disposal of Real Estate Inventories
12
Net Income from Fair Value Adjustment of Investment Properties
13
Capitalized Internal Expenses
14
Cost of Materials
15
Personnel Expenses
16
Other Operating Income
17
Other Operating Expenses
18
Interest Income
19
Interest Expenses
20
Other Financial Result
21
Income Taxes
Section (C): Other Disclosures on the Results of Operations
22
Segment Reporting
23
Earnings per Share
24
Management Board’s Proposal for the Appropriation of Profit
Section (D): Assets
25
Intangible Assets
26
Property, Plant and Equipment
27
Investment Properties
28
Financial Assets
29
Long-Term Financial Assets Accounted for Using the Equity Method
30
Other Assets
31
Income Tax Receivables
32
Inventories
33
Trade Receivables
34
Cash and Cash Equivalents
35
Real Estate Inventories
36
Assets and Liabilities Held for Sale
Section (E): Capital Structure
37
Total Equity
38
Provisions
39
Trade Payables
40
Non-derivative Financial Liabilities
41
Derivatives
42
Leases
43
Liabilities to Non-controlling Interests
44
Financial Liabilities from Tenant Financing
45
Other Liabilities
Section (F): Corporate Governance Disclosures
46
Related Party Transactions
47
Share-Based Payments
48
Remuneration
49
Auditors’ Fees
50
Declaration of Conformity with the German Corporate Governance Code
Section (G): Additional Financial Management Disclosures
51
Additional Financial Instrument Disclosures
52
Information on the Consolidated Statement of Cash Flows
53
Financial Risk Management
54
Capital Management
55
Cash Flow Hedges and Stand-alone Interest Rate Swaps
56
Contingent Liabilities
57
Other Financial Obligations
Information
Investor Relations
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List of Vonovia Shareholdings
Further Information About the Bodies
Independent Auditor’s Report
Independent Practitioner’s Report on a Limited Assurance Engagement
Responsibility Statement
EPRA Reporting
EPRA Earnings
NAV/NNNAV
EPRA Net Initial Yield
EPRA Vacancy Rate
EPRA Cost Ratio
EPRA LTV
Property-related Capital Expenditure
Like-for-like Rent Increases
Glossary
Financial Calendar and Contact
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Notes
Section (G): Additional Financial Management Disclosures
Section (G): Additional Financial Management Disclosures
51 Additional Financial Instrument Disclosures
52 Information on the Consolidated Statement of Cash Flows
53 Financial Risk Management
54 Capital Management
55 Cash Flow Hedges and Stand-alone Hedging Instruments
56 Contingent Liabilities
57 Other Financial Obligations
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50
Declaration of Conformity with the German Corporate Governance Code
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51
Additional Financial Instrument Disclosures