Note 22 Other income 

Other income in 2024 amounted to €838 million (2023: €54 million).

On 31 January 2024, Alliander sold the shares of its subsidiary Kenter B.V., a provider of integrated energy solutions, to a consortium consisting of ABP and OMERS Infrastructure. The consortium also obtained full control of Kenter and its subsidiaries with effect from this date. In recent years, Kenter has grown from a traditional metering company with 95 employees to an integrated energy solution provider with a staff of over 400. Kenter was part of the Alliander cash pool and had no cash or cash equivalents of its own. Partly because the market in which Kenter operates is growing strongly, it is expected that in the future Kenter will play an even greater role in the energy transition and in offering its customers total solutions. Alliander received a total of €919 million. The final book profit on the sale of Kenter is €757 million, which has been recognised as other income. Part of the transaction also involves a limited number of free domain activities. These activities are currently still part of a Cross Border Lease (CBL) agreement and are therefore still held by Liander N.V. Alliander expects to transfer these activities to Kenter during the first halfyear of 2025. For this, Alliander has received an advance payment of €65 million, in addition to the €919 million. For more details, please refer to note 36.

Liander, together with the other regional network operators in the Netbeheer Nederland association, has entered into a settlement agreement with the government of the Netherlands regarding the costs of dismantling gas connections requested by small consumers in the period from 2 March 2021 to 31 January 2024. The Code Decision which entered into force on 2 March 2021, stated that these costs could be deducted in full by the regional network operators from the periodic connection fee of consumers who remained connected to the gas grid. The Dutch Trade and Industry Appeals Tribunal (CBb) overturned this Code Decision on 20 June 2023. As a result, regional network operators are not permitted to include the removal costs for requests made between 2 March 2021 and 31 January 2024 via the regular connection fee. As a result of the damage suffered, the regional network operators concluded a settlement agreement with the State of the Netherlands under which the ACM would pay a settlement to the regional network operators. Liander received a settlement amount of €30 million, which has been recognised as other income.

The other income in 2023 includes the one-off revenue of €5 million resulting from the sale of our Spaklerweg site.