4 Accounting Policies

Recognition and measurement, as well as the explanatory information and notes, are generally based on the same recognition and measurement methods that were used to prepare the consolidated financial statements for the 2024 fiscal year. There were no seasonal or economic influences that had an impact on Vonovia’s business activities in the reporting period. The operating business was stable as expected.

The new standards and interpretations to be applied as of January 1, 2025, do not have any material effects on Vonovia’s consolidated financial statements.

For detailed information on the effects in the 2024 fiscal year, please refer to note (A) Principles of the Consolidated Financial Statements in Vonovia’s published 2024 Annual Report.