Note 39 Investments in subsidiaries and associates

€ million

Investments in subsidiaries

Investments in associates

Total

Carrying amount as at 1 January 2022

2,670

1

2,671

       

Movements 2022

     

Dividends received

-82

-

-82

Result for the year

197

-

197

Issue of share capital

1

-

1

Other changes

1

-

1

Total

117

-

117

       

Carrying amount as at 31 December 2022

2,787

1

2,788

       

Movements 2023

     

Dividends received

-19

-

-19

Result for the year

264

-

264

Issue of share capital

211

-

211

Other changes

-

-

-

Total

456

-

456

       

Carrying amount as at 31 December 2023

3,243

1

3,244

In 2023, Alliander received €19 million (2022: €82 million) in dividend from a subsidiary. The addition to share capital of €211 million in 2023 relates to payments of capital invested in the subsidiaries of Alliander N.V. (2022: €1 million)

The dividends received from subsidiaries and capital contributions invested in them resulted from the capital restructuring of these companies in line with Alliander’s policy.

The various share capital investments are listed separately under the heading ‘Subsidiaries, associates and joint arrangements’ in the ‘Other information’ part of the report.