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32. Related parties

Transactions with related parties are conducted on an arm’s-length basis.

All issued shares are held by the State of the Netherlands. One significant transaction with an enterprise that has a relationship with the State (DUO, the Dutch Education Executive Agency) concerns the consideration received for student public transport cards (2021: €525 million, 2020: €459 million).

Payments of the infrastructure charge for the Dutch infrastructure are made to ProRail BV, a State-affiliated company. This is explained in note 31.

Furthermore, the Group received a sum of €962 million (2020: €843 million) in grants from the State in 2021 through various schemes (availability payments, NOW and other schemes). These are recognised as revenue.

TLS is wholly owned by Coöperatie Openbaar Vervoerbedrijven, of which NS is a member, and Translink Systems BV is therefore a related party. For the performance of the activities by Translink Systems BV, the Group paid Translink an amount of €0.1 million in 2021 (2020: €0.1 million) for products and services provided. Translink Systems BV engages in the development, implementation and use of the electronic registration and payment system for public transport in the Netherlands.

The transactions with the Executive Board and the Supervisory Board members are disclosed in note 2.

There were no significant transactions in 2021 or 2020 with joint ventures and other participating interests.

Group companies

The main companies included in the consolidated financial statements are:

 

Percentage interest

Registered office

 

2021

2020

 

Operating companies

   

NS Reizigers BV*

100.0

100.0

Utrecht

Abellio Transport Holding BV

100.0

100.0

Utrecht

NedTrain BV*

100.0

100.0

Utrecht

NS Financial Services (Holdings) Ltd (being wound up)

100.0

100.0

Dublin

NS Stations BV*

100.0

100.0

Utrecht

NS Vastgoed BV*

100.0

100.0

Utrecht

NS Insurance NV

100.0

100.0

Utrecht

NS Opleidingen BV*

100.0

100.0

Utrecht

NS Lease BV* (as of 1 January 2021 merged with NS Reizigers BV)

100.0

100.0

Utrecht

    

Subsidiaries of operating companies

   

Thalys Nederland NV*

100.0

100.0

Utrecht

NS Internationaal BV*

100.0

100.0

Utrecht

NS Stations Retailbedrijf BV*

100.0

100.0

Utrecht

NS Fiets BV*

100.0

100.0

Utrecht

NS OV-Fiets BV*

100.0

100.0

Utrecht

Stationsfoodstore BV*

100.0

100.0

Utrecht

NS Poort Ontwikkeling BV

100.0

100.0

Utrecht

NS Financial Services Company (being wound up)

100.0

100.0

Dublin

Abellio Nederland BV

100.0

100.0

Utrecht

Abellio Transport Group Ltd

100.0

100.0

Glasgow

Abellio Transport Holdings Ltd

100.0

100.0

London

Abellio Greater Anglia Ltd

100.0

100.0

London

Abellio East Anglia Ltd

60.0

60.0

London

Abellio West Midlands Ltd

85.1

70.1

Birmingham

Abellio West Midlands Ltd

100.0

100.0

London

Abellio Rail Baden-Wurttemberg GmbH**

-

100.0

Stuttgart

Abellio Rail Mitteldeutschland GmbH**

-

100.0

Halle

Abellio Rail NRW GmbH**

-

100.0

Essen

WestfalenBahn GmbH

-

100.0

Bielefeld

Abellio GmbH

-

100.0

Essen

Abellio ScotRail Ltd

100.0

100.0

Glasgow

Abellio West London Ltd

100.0

100.0

London

Abellio London Ltd

100.0

100.0

London

Transport Holding Germany BV

100

0

Utrecht

ATH Rail Beteiligungsgesellschaft Deutschland GmbH

100

0

Berlin

    

Joint ventures

   

Merseyrail Services Holding Company Ltd

50

50

Hampshire

    

Other interests

   

Reisinformatiegroep BV

41.7

41.7

Utrecht

Eurofima AG

5.8

5.8

Basel

NS Mobiliteitsdiensten BV

90

90

Utrecht

  • * Pursuant to the provisions of Section 403 of Book 2 of the Netherlands Civil Code, NS Groep NV has assumed liability in respect of the debts arising from legal acts.
  • ** The German entities are no longer included in the consolidation with effect from 30 June 2021. For an explanation, see the general information.

Pursuant to Sections 379 and 414 of Book 2 of the Netherlands Civil Code, a complete list of the Group's subsidiaries, associates and joint ventures has been filed with the office of the Trade Register in Utrecht.

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