• Annual report 2024
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16. Investments recognised using the equity method

The investments that are accounted for using the equity method, with a carrying amount of €15 million (2023: €12 million), are included below.

17. Inventories

The inventories of maintenance materials consist of raw materials and other materials for the production and maintenance of finished and semi-finished products for the maintenance centres.

18. Trade and other receivables

Other receivables consist mainly of payments on account and deposits for energy, lease and automation contracts.

19. Cash and cash equivalents

Cash and bank balances at 31 December 2024 amounted to €449 million and were fully at the free disposal of the company (31 December 2023: €460 million, fully at the free disposal of the company).

2. Revenue

NS has recognised a €120 million compensation payment for a foregone 2024 fare increased from the Ministry of Infrastructure and Water Management.

20. Accrued and deferred items

Accruals and deferred income as at 31 December 2024 amounted to €6 million (31 December 2023: €8 million).

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