Note 39 Investments in subsidiaries and associates
|
€ million |
Investments in subsidiaries |
Investments in associates |
Total |
|
Carrying amount as at 1 January 2024 |
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 |
|
Movements 2025 |
|||
|
Dividends received |
-822 |
- |
-822 |
|
Result for the year |
254 |
- |
254 |
|
Issue of share capital |
1,500 |
- |
1,500 |
|
Other changes |
- |
- |
- |
|
Total |
932 |
- |
932 |
|
Carrying amount as at 31 December 2025 |
5,080 |
1 |
5,081 |
In 2025, Alliander received €822 million (2024: €1 million) in dividends from subsidiaries. The increase in dividends is due to the large profit at the subsidiary Alliander Corporate Ventures B.V., the company which realised the gain on the disposal of Kenter in 2024. The €1,500 million issue of share capital in 2025 relates to a capital contribution to the subsidiary Liander. In 2024, €6 million of capital was contributed to subsidiaries.
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 percentage held in each entity is summarised in the ‘Subsidiaries and other associates’ section.