Annual Report 2023

Note 25 Other operating expenses

Other operating expenses amounted to €249 million in 2023 and were therefore €63 million more than in 2022 (€186 million). The Other category includes fees paid to accountants, notaries and consultants, amounting to €53 million (2022: €30 million).

Annual Report 2023

Note 26 Depreciation/amortisation and impairment of non-current assets

The divestments include the accelerated depreciation of decommissioned assets.

Annual Report 2023

Note 27 Finance income

The increase in financial income in 2023 is mainly due to the increased market interest rate for investments in liquidity funds and interest received on deposits paid against margin calls.

Annual Report 2023

Note 28 Finance expense

The increase in finance expenses in 2023 is mainly due to the interest expense relating to the issue of a long-term bond loan in 2023.

Annual Report 2023

Note 29 Tax

The tax credit in the 2023 financial year amounted to €9 million.

Annual Report 2023

Note 3 Property, plant, equipment and right-of-use assets

Investments in property, plant and equipment during the financial year totalled €1,388 million (2022: €1,228 million). The investments relating to Kenter in 2023 (€23 million) have been recognised under assets held for sale.

Annual Report 2023

Note 30 Notes to the consolidated cash flow statement

The cash flow from operating activities in 2023 amounted to €724 million (2022: €572 million).

Annual Report 2023

Note 31 Licences

Liander N.V. owns networks for the transmission of electricity and gas in the Netherlands.

Annual Report 2023

Note 32 Related parties

As holder of 45% of the shares in Alliander, the Province of Gelderland has significant influence over the company, qualifying the province as a related party.

Annual Report 2023

Note 33 Assets and liabilities held for sale and discontinued operations

Assets held for sale and liabilities held for sale at year-end 2023 all relate to the assets and liabilities of Kenter B.V. Kenter was sold on 31 January 2024, see note [36].

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Note 25 Other operating expenses

Note 26 Depreciation/amortisation and impairment of non-current assets

Note 27 Finance income

Note 28 Finance expense

Note 29 Tax

Note 3 Property, plant, equipment and right-of-use assets

Note 30 Notes to the consolidated cash flow statement

Note 31 Licences

Note 32 Related parties

Note 33 Assets and liabilities held for sale and discontinued operations