Consolidated statement of changes in equity

   

Equity attributable to shareholders and other providers of equity

€ million

Note

Share capital

Share premium

Subordinated perpetual bond loan

Hedge reserve

Other reserves

Profit for the year

Total

As at 1 January 2023

  

684

671

495

5

2,517

198

4,570
                 

Profit after tax for 2023

  

-

-

-

-

-

267

267

Result interest rate swap

  

-

-

-

-

-

-

-
                 

Comprehensive income for 2023

  

-

-

-

-

-

267

267
                 

Reimbursement subordinated perpetual bond loan after tax

 

-

-

-

-

-6

-

-6

Dividend for 2022

  

-

-

-

-

-

-82

-82

Profit appropriation for 2022

  

-

-

-

-

116

-116

-
                 

Total movements

  

-

-

-

-

110

69

179
                 

As at 31 December 2023

  

684

671

495

5

2,627

267

4,749
                 

Profit after tax for 2024

  

-

-

-

-

-

976

976

Result interest rate swap

  

-

-

-

-1

-

-

-1
                 

Comprehensive income for 2024

  

-

-

-

-1

-

976

975
                 

Reimbursement subordinated perpetual bond loan after tax

12

-

-

-

-

-6

-

-6

Dividend for 2023

  

-

-

-

-

-53

-120

-173

Profit appropriation for 2023

  

-

-

-

-

147

-147

-

Issue subordinated perpetual bond loan

  

-

-

495

-

-1

-

494

Other movements

  

-

-

-

-

-1

-

-1
                 

Total movements

  

-

-

495

-1

86

709

1,289
                 

As at 31 December 2024

  

684

671

990

4

2,713

976

6,038

Dividend

Dividend as part of the profit appropriation for the 2023 financial year (€120 million) was paid in April 2024 (€0.88 per share). The one-off dividend (in the form of an interim dividend) relating to the sale of Kenter (€53 million) was paid out in April 2024 (€0.39 per share).

Subordinated perpetual bond loans

The subordinated perpetual bond loans are treated as equity under IFRS, since Alliander does not have any contractual obligation to repay the loan. Any periodic payments on the loans are also conditional and depend on payments to shareholders. As and when resolutions are passed making distributions to shareholders, Alliander will also pay any arrears of the perpetual contractual coupon to the holders of the subordinated perpetual bond loans out of the other reserves.