Consolidated Balance Sheet Structure
|
Dec. 31, 2020 |
Mar. 31, 2021 |
||
|---|---|---|---|---|
|
in € million |
in % |
in € million |
in % |
|
|
|
|
|
Non-current assets |
60,632.0 |
97.1 |
60,735.0 |
94.7 |
Current assets |
1,785.4 |
2.9 |
3,384.7 |
5.3 |
Total assets |
62,417.4 |
100.0 |
64,119.7 |
100.0 |
|
|
|
|
|
Equity |
24,831.8 |
39.8 |
25,006.6 |
39.0 |
Non-current liabilities |
34,669.8 |
55.5 |
35,530.4 |
55.4 |
Current liabilities |
2,915.8 |
4.7 |
3,582.7 |
5.6 |
Total equity and liabilities |
62,417.4 |
100.0 |
64,119.7 |
100.0 |
|
|
|
|
|
The Group’s total assets increased by € 1,702.3 million as against December 31, 2020, rising from € 62,417.4 million to € 64,119.7 million as of March 31, 2021. Investment properties reported under non-current assets increased by € 112.8 million, due primarily to capitalized construction and modernization costs.
Cash and cash equivalents increased by € 1,537.2 million due to borrowings on the debt market, contributing significantly to the increase in assets.
The value of goodwill and trademark rights only changed due to currency effects and amounted to 2.4% of total assets.
As of March 31, 2021, the gross asset value (GAV) of Vonovia’s property assets came to € 59,291.0 million, which corresponds to 92.5% of total assets compared with € 59,207.1 million, or 94.9%, at the end of 2020.
The € 174.8 million increase in total equity from € 24,831.8 million to € 25,006.6 million results in particular from the profit for the period in the amount of € 247.0 million. Other comprehensive income of € -57.1 million, affected in particular by an effect from currency translation, had the opposite effect.
This brings the equity ratio to 39.0%, compared with 39.8% at the end of 2020.
Liabilities rose by € 1,527.5 million from € 37,585.6 million to € 39,113.1 million. The amount of non-derivative financial liabilities rose by € 1,415.4 million, with € 847.5 million attributable to the increase in non-current non-derivative financial liabilities and € 567.9 million attributable to the increase in current non-derivative financial liabilities. Deferred tax liabilities increased by € 84.6 million.