Consolidated statement of comprehensive income
All amounts in € thousands, unless otherwise stated
Consolidated statement of financial position
Before appropriation of result, all amounts in € thousands
Consolidated statement of changes in equity
For 2023, before appropriation of profit, all amounts in € thousands
Consolidated statement of cash flows
All amounts in € thousands
Notes to the consolidated financial statements
All amounts in € thousands, unless otherwise stated
1 General information
The Office Fund (Chamber of Commerce number 34366457) is a Fund for Mutual Account (FMA, FGR in Dutch) incorporated under the laws of the Netherlands, with its corporate seat in Amsterdam, the Netherlands.
2 Summary of material accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied unless otherwise stated.
3 Financial risk management
The credit risk relating to the receivables is maximised to € 3.8 million in 2023 (2022: € 6.5 million) and the receivables are closely monitored.
4 Critical accounting estimates and judgements
5 Core regions
A spread by core regions is applied in the analysis of the valuation of the investment property portfolio. Amsterdam, Rotterdam, The Hague and Utrecht are considered core office regions in 2023. The Fund is currently active in these 4 regions.