Market risk
Due to the sudden growth in inflation 2022 was marked by sharp policy rate increases by central banks. This led to valuation corrections in real estate from Q4 2022 onwards.
Outlook for the Fund 2024-2026
In summary, the upcoming period seems to be filled with uncertainties and, like all real estate investors, the Fund expects to face multiple challenges.
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.