Note 39 Investments in subsidiaries and associates

€ million

Investments in subsidiaries

Investments in associates

Total

Carrying amount as at 1 January 2023

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

       

Movements 2024

     

Dividends received

-1

-

-1

Result for the year

900

-

900

Issue of share capital

6

-

6

Other changes

-

-

-

Total

905

-

905

       

Carrying amount as at 31 December 2024

4,148

1

4,149

In 2024, Alliander received €1 million (2023: €19 million) in dividend from a subsidiary. The addition to share capital of €6 million in 2024 relates to payments of capital invested in the subsidiaries of Alliander N.V. (2023: €211 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.