33. Related parties
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 (2024: €521 million, 2023: €574 million).
Payments of the infrastructure charge for the Dutch infrastructure are made to ProRail BV, a State-affiliated company. The user fee is explained in note 32. In addition, NS received €97 million from ProRail for station maintenance.
The Group also recognised €304 million in 2024 for compensation and various State schemes. This concerns compensation for a foregone fare increase (€120 million), compensation for recalibration of the student public transport passes contract system (€97 million) and other schemes. In 2023, a sum of €120 million was received in grants from the State through various schemes (availability payments, public transport safety net payment and other schemes). These grants have been recognised under revenue for an amount of €241 million (2023: €85 million) and deducted from costs for an amount of €63 million (2023: €35 million).
Translink Systems BV is wholly owned by Coöperatie Openbaar Vervoerbedrijven, of which NS is a member. Translink engages in the development, implementation and use of the electronic registration and payment system for public transport in the Netherlands. In 2024, the Group recognised payments to Translink amounting to €37 million (2023: €36 million) for products and services provided. For services provided by NS to Translink, the Group recognised payments from Translink in 2024 amounting to €4 million (2023: €5 million).
Transactions with related parties are conducted on an arm’s-length basis.
The transactions with the Executive Board and the Supervisory Board members are disclosed in note 3.
There were no significant transactions in 2024 or 2023 with joint ventures and other participating interests.
Group companies
The main companies included in the consolidated financial statements are:
|
Percentage interest |
|||
|
2024 |
2023 |
Registered office |
|
|
Subsidiaries |
|||
|
NS Groep NV* |
100.0 |
100.0 |
Utrecht |
|
NS Reizigers BV* |
100.0 |
100.0 |
Utrecht |
|
NS Internationaal BV* |
100.0 |
100.0 |
Utrecht |
|
Thalys Nederland NV* |
100.0 |
100.0 |
Utrecht |
|
NS Mobiliteitsdiensten BV |
100.0 |
90.0 |
Utrecht |
|
Holding Serviceverlening Openbaar Vervoer BV |
60.0 |
60.0 |
Amersfoort |
|
NedTrain BV* |
100.0 |
100.0 |
Utrecht |
|
NS Stations BV* |
100.0 |
100.0 |
Utrecht |
|
NS Stations Retailbedrijf BV* |
100.0 |
100.0 |
Utrecht |
|
Stationsfoodstore BV* |
100.0 |
100.0 |
Utrecht |
|
NS OV-Fiets BV* |
100.0 |
100.0 |
Utrecht |
|
NS Fiets BV* |
100.0 |
100.0 |
Utrecht |
|
NS Stations International BV |
100.0 |
100.0 |
Utrecht |
|
NS Vastgoed BV* |
100.0 |
100.0 |
Utrecht |
|
NS Poort Ontwikkeling BV |
100.0 |
100.0 |
Utrecht |
|
NS Assurantie BV |
100.0 |
100.0 |
Utrecht |
|
NS Insurance NV |
100.0 |
100.0 |
Utrecht |
|
NS Innovatiefonds BV |
100.0 |
100.0 |
Utrecht |
|
NS Opleidingen BV* |
- |
100.0 |
Utrecht |
|
Abellio Transport Holding BV |
100.0 |
100.0 |
Utrecht |
|
Abellio GmbH** |
100.0 |
- |
Berlijn |
|
Transport Holding Germany BV |
100.0 |
100.0 |
Utrecht |
|
ATH Rail Beteiligungsgesellschaft Deutschland GmbH*** |
- |
100.0 |
Berlijn |
|
WestfalenBahn GmbH*** |
- |
100.0 |
Bielefeld |
|
Abellio Rail Mitteldeutschland GmbH*** |
- |
100.0 |
Halle |
|
PTS GmbH*** |
- |
100.0 |
Essen |
|
Joint ventures |
|||
|
Hely Holding BV |
50.0 |
40.0 |
Amersfoort |
|
BeNe Rail International NV |
50.0 |
50.0 |
Brussel |
|
Other interests |
|||
|
Rivier BV |
46.7 |
46.7 |
Rotterdam |
|
Reisinformatiegroep BV |
41.7 |
41.7 |
Utrecht |
|
Eurofima AG |
5.8 |
5.8 |
Basel |
|
Transport UK Holdings Ltd |
1.0 |
1.0 |
Glasgow |
- *NV Nederlandse Spoorwegen has assumed liability in respect of the debts arising from legal acts in accordance with the provisions of Section 403 of Book 2 of the Dutch Civil Code.
- **In 2024, control was regained over holding entity Abellio GmbH. This entity has been reconsolidated with effect from 1 May 2024.
- ***The German entities were sold with effect from 15 October 2024. The results for 2024 and 2023 have been presented as results from discontinued operations (see note 1).