Five-year summary

€ million

2023

2022

2021

2020

2019

Result

Revenue

2,725

2,150

2,120

2,009

1,930

Total income

2,779

2,213

2,181

2,055

1,970

Total operating expenses

-2,347

-1,903

-1,827

-1,736

-1,591

Operating profit

432

310

354

319

379

Profit after tax

267

198

242

224

253

Balance sheet

Net working capital

9

-90

-132

-117

-91

Property, plant and equipment

9,972

9,091

8,501

7,958

7,476

Total assets

11,646

10,692

10,209

9,422

8,791

Equity

4,749

4,570

4,470

4,328

4,224

Total interest-bearing debt

4,038

3,426

3,111

2,487

2,062

Total financing

8,787

7,996

7,581

6,815

6,286

Capital expenditure on non-current assets

1,411

1,228

1,014

890

837

Cash flows

Cash flow from operating activities

724

572

664

634

638

Cash flow from investing activities

-1,179

-1,175

-639

-775

-713

Cash flow from financing activities

494

184

301

286

88

Free cash flow

-455

-603

25

-141

-75

Ratios

Non-current interest-bearing debt as % of total interest-bearing debt

46.9%

43.8%

36.7%

38.7%

36.5%

FFO/Net debt

21.1%

19.2%

25.8%

24.1%

29.0%

Interest cover

12.2

12.1

17.2%

14.2

13.3

Equity as % of total assets less deferred income (solvency)

46.1%

49.0%

53.8%

53.1%

55.6%

Shares (as at 31 December)

Number of shares issued (thousand)

136,795

136,795

136,795

136,795

136,795

Dividend to be paid

120

82

101

94

114

Other

- Electricity

Active connections as at 31 December (x 1,000)

3,379

3,343

3,276

3,236

3,207

New connections (x 1,000)

45

45

43

39

42

- Gas

Active connections as at 31 December (x 1,000)

2,535

2,549

2,539

2,542

2,543

New connections (x 1,000)

2

4

4

9

16

- Volumes transported

Electricity (GWh)

39,838

25,651

27,262

28,946

28,548

Gas (million m3)

4,343

4,672

6,056

5,632

5,860

Percentage grid losses1

4.85%

4.96%

4.21%

4.40%

4.52%

- Other

Number of disconnections (consumer and business market)

5,895

5,791

3,210

3,756

4,038

Facilitated supplier switches (x 1,000)

745

526

918

1,128

851

Annual electricity outage Liander (minutes)

23.2

21.3

20.9

23.2

21.9

Average number of permanent staff (fte)

7,903

6,102

5,936

5,786

5,686