Note 49 Contingent assets and liabilities

Lease liabilities

Please refer to note 45 in the notes to the company financial statements for details of lease liabilities.

Contingent liabilities

Pursuant to Section 403 Book 2 of the Dutch Civil Code, Alliander has assumed liability for the obligations arising from the legal acts of several of the subsidiaries listed in the other information. Alliander, together with its Dutch subsidiaries, forms a tax group for both corporate income tax and value added tax (VAT). Consequently, every legal entity forming part of the tax group bears joint and several liability for the tax liabilities of the legal entities included in the tax group. Alliander has also given a declaration of indemnity to network operator Liander under which its liability in this respect is restricted to the amount for which Liander itself would be liable if a tax group did not exist.

As at year-end 2023, Alliander had issued parent company guarantees amounting to €18 million (2022: €18 million), including a parent company guarantee of €8 million (2022: €5 million) due from non-controlling interests. Bank guarantees amounting to €54.6 million had been issued on Alliander’s behalf at the end of the year (2022: €0.3 million). The increase relative to 2022 is explained by the partial use of bank guarantees to cover procurement obligations for network losses instead of paying security deposits.

Investments and other purchasing commitments

The following table presents the existing investment commitments and other purchase commitments as at year-end.