2. Revenue
|
(in millions of euros) |
External revenue |
Additional contributions by governments |
2024 |
|
Train-related transport in the Netherlands |
3,062 |
120 |
3,182 |
|
Station development and operation in the Netherlands |
520 |
- |
520 |
|
Total revenue |
3,582 |
120 |
3,702 |
|
(in millions of euros) |
External revenue |
Additional contributions by governments |
2023 |
|
Train-related transport in the Netherlands |
2,877 |
59 |
2,936 |
|
Station development and operation in the Netherlands |
483 |
1 |
484 |
|
Total revenue |
3,360 |
60 |
3,420 |
Additional contributions by governments
NS has recognised a €120 million compensation payment for a foregone 2024 fare increased from the Ministry of Infrastructure and Water Management.
Under the Public Transport Transition Fee scheme, NS was entitled to compensation for loss of turnover for train-related transport in the Netherlands for 2023. The Public Transport Transition Fee contribution was finally adopted unchanged in 2024.
Miscellaneous
Station development and operation in the Netherlands includes an amount of €27 million (2023: €17 million) relating to development activities.
Accounting policy
Revenue
Revenue is recognised on the basis of the fee established in a contract with a customer. The Group recognises revenue when it transfers control of a good or service to a customer. Revenue includes transport revenue including additional contributions from governments and revenue from other business activities after deduction of discounts and VAT.
Provision of services and sale of goods
Revenue from the sale of travel rights is recognised when the travel right arises. Subscription revenue is recognised in the income statement over time and distributed over the validity of the subscription period.
Revenue from the sale of goods is recognised in the income statement when control of the goods has been transferred to the buyer, recovery of the consideration due is probable and the associated costs or any returns of goods can be reliably estimated.
Fees from the government or similar bodies arising from transport contracts or transport concessions are recognised in the income statement over the period to which the fee relates.
Additional contribution by governments
Government contributions are determined on the basis of individual arrangements with various government agencies and are intended to cover costs incurred or to compensate for loss of revenue during all or part of the financial year. Contributions have been allocated to the period to which they apply.
Rental income
Rental income from property is recognised in the income statement over time, based on the duration of the rental period. Commitment costs incurred as an incentive to enter into lease arrangements are recognised as an integral part of the total rental income and spread on a straight-line basis over the contract period. Rent reductions granted as a result of lower passenger numbers during current contracts for services to be provided are spread on a straight-line basis over the contract period. Rent reductions granted retroactively for services already rendered are not deducted from revenue but are included in the assessment of expected credit losses under IFRS 9.
Development revenues
Development revenues are recognised in proportion to the performance contractually agreed with the customer.