Incidental items

Alliander’s results can be affected by incidental items and fair value movements. Alliander defines exceptional items as items that, in the management’s opinion, do not derive directly from the ordinary activities and/or whose nature and size are so significant that they must be considered separately to permit proper analysis of the underlying results. In 2023, exceptional items had a positive impact of €4 million on our net profit. In 2022, exceptional items provided a gain of €26 million. This means that the net profit, adjusted for these exceptional items, was €91 million higher than in the previous year. The middle column in the table below shows the exceptional items, with an explanation below.

Reported figures and figures excluding incidental items and fair value movements

€ million	Reported		Incidental items and fair value movements		Excluding incidental items and fair value movements
	2023	2022	2023	2022	2023	2022
Revenue	2,725	2,150	-	-	2,725	2,150
Other income	54	63	5	13	49	50
Total purchase costs, costs of subcontracted work and operating expenses	-2,133	-1,658	-	10	-2,133	-1,668
Depreciation and impairments	-532	-539	-	-	-532	-539
Own work capitalised	318	294	-	-	318	294

Operating profit	432	310	5	23	427	287

Finance income/(expense)	-69	-53	-	-	-69	-53
Result from associates and joint ventures	-3	3	-	4	-3	-1
Profit before tax	360	260	5	27	355	233

Tax	-93	-62	-1	-1	-92	-61

Profit after tax from continuing operations	267	198	4	26	263	172
Profit after tax from discontinued operations	-	-	-	-	-	-
Profit attributable to minority interests	-	-	-	-	-	-
Profit after tax	267	198	4	26	263	172

Other income

(2023: €5 million; 2022: €13 million)

In June 2023 we sold our Spaklerweg site, which led to a one-off positive sales result of €5 million; this item is recognised under other income.

The exceptional income in 2022 relates to the book profit of €13 million due to the sale of our shares in our subsidiary Stam in January 2022.

Total procurement costs, costs of subcontracted work and operating expenses

(2023: nil, 2022: €10 million income)

The exceptional income of €10 million in 2022 relates to the release of two provisions. One was a provision of €3 million made following a dispute concerning the past sale of an associate and the other was a provision for a loss-making contract at one of the subsidiaries.

Tax

(2023: €1 million income, 2022: €1 million income)

The income item of €1 million in 2023 and the income item of €1 million in 2022 are due to the impact of the aforementioned exceptional items on corporate income tax.

Profit/loss from associates

(2023: nil, 2022: €4 million income)

The payment of €4 million in 2022 from a trust office in which Alliander holds 100% of the depositary receipts for shares has been classified as exceptional income, which was recognised as the result of the non-consolidated participating interest.