Notes to the company balance sheet and income statement 2024
The amounts stated in the notes are in millions of euros and all values have been rounded to the nearest million unless otherwise stated.
Non-current financial assets
Participating interests in group companies
|
(in millions of euros) |
2024 |
2023 |
|
Balance as at 1 January |
1,914 |
2,303 |
|
Share in result |
-141 |
-380 |
|
Other movements |
2 |
-9 |
|
Balance as at 31 December |
1,775 |
1,914 |
The other movements concern direct movements in the equity of participating interests in group companies.
Equity
|
(in millions of euros) |
Share capital |
Legal fair value reserve |
Legal revaluation reserve for participating interests |
Legal reserve for translation differences |
General reserve |
Unappropriated result |
Total equity |
|
Balance as at 1 January 2023 |
1,012 |
54 |
383 |
-32 |
312 |
574 |
2,303 |
|
Changes in revaluation reserves |
- |
36 |
-154 |
32 |
76 |
- |
-10 |
|
Result for the period |
- |
- |
- |
- |
- |
-380 |
-380 |
|
Result appropriation |
- |
- |
- |
- |
574 |
-574 |
- |
|
Other movements |
- |
- |
-16 |
- |
17 |
- |
1 |
|
- |
36 |
-170 |
32 |
667 |
-954 |
-389 |
|
|
Balance as at 31 December 2023 |
1,012 |
90 |
213 |
- |
979 |
-380 |
1,914 |
|
Changes in revaluation reserves |
- |
-24 |
-93 |
- |
119 |
- |
2 |
|
Result for the period |
- |
- |
- |
- |
- |
-141 |
-141 |
|
Result appropriation |
- |
- |
- |
- |
-380 |
380 |
- |
|
- |
-24 |
-93 |
- |
-261 |
239 |
-139 |
|
|
Balance as at 31 December 2024 |
1,012 |
66 |
120 |
- |
718 |
-141 |
1,775 |
The legal revaluation reserve was formed for direct changes to the equity in joint ventures and for the non-distributable portion of the equity of NS Insurance. The legal reserve for translation differences comprises all foreign exchange differences arising from the translation of the financial statements of foreign operations, as well as from the translation of liabilities that hedge the company's net investment in a foreign group company.
The legal fair value reserve comprises the cumulative change in the fair value of investments measured at fair value – total comprehensive income, the cumulative change in the fair value of investments measured at fair value – debt investment and the cumulative change in the fair value of financial instruments measured at fair value through the income statement, until these investments are no longer recognized in the balance sheet.
Off-balance sheet commitments
No claims have been brought against NV Nederlandse Spoorwegen and the consolidated participating interests, other than as indicated in note 32, that have not been recognised appropriately in the balance sheet.
For the purpose of corporation tax, both NV Nederlandse Spoorwegen and its Dutch subsidiaries are part of the NV Nederlandse Spoorwegen tax entity. Consequently, NV Nederlandse Spoorwegen is jointly and severally liable for the tax liabilities of the subsidiaries included in the tax entity.
Key participating interests
NV Nederlandse Spoorwegen is the holding company of NS Groep NV. NS Groep NV is the sole subsidiary of NV Nederlandse Spoorwegen. Please refer to note 33 for an overview of the participating interests.
Utrecht, 4 March 2025
|
Supervisory Board |
Executive Board |
|
Mr H.H.J. Dijkhuizen |
Mr W. Koolmees |
|
Ms. J.L. Stuijt |
Ms A.C.J. Magielse |
|
Mr. W.J. van der Feltz |
Mr E.F.W. van Asch |
|
Mr R. Teerlink |
Ms M.E. Kaashoek |
|
Ms P.G. Boumeester |
|
|
Mr K.H.D.M. Dijkhoff |
|
|
Ms L. Boer |
|