Annual Report 2023

Note 34 Information on risks and financial instruments

The following financial risks can be identified: market risk, credit risk and liquidity risk. Market risk is defined as the risk of loss due to an adverse change in market prices.

Annual Report 2023

Note 35 Assumptions and estimates used in the financial statements (critical accounting policies)

Alliander prepares its financial statements in accordance with International Financial Reporting Standards that have been endorsed for use in the European Union by the European Commission.

Annual Report 2023

Note 36 Events after balance sheet date

On 31 January 2024, Alliander sold the shares of its subsidiary and provider of integrated energy solutions Kenter BV (hereinafter Kenter) to a consortium consisting of ABP and OMERS Infrastructure.

Annual Report 2023

Note 37 Property, plant, equipment and right-of-use assets

Investments in property, plant and equipment during the financial year totalled €49 million (2022: €65 million). They related to investments in hardware, software and accommodation.

Annual Report 2023

Note 38 Intangible assets

Intangible assets as at year-end 2023, and also as at year-end 2022, are made up of goodwill relating to the acquisition of Endinet (€61 million), which is allocated to Liander, and goodwill relating to Stam (€7 million), see also note 4.

Annual Report 2023

Note 39 Investments in subsidiaries and associates

In 2023, Alliander received €19 million (2022: €82 million) in dividend from a subsidiary. The addition to share capital of €211 million in 2023 relates to payments of capital invested in the subsidiaries of Alliander N.V.

Annual Report 2023

Note 4 Intangible assets

The reclassification to ‘assets held for sale’ relates to Kenter.

Annual Report 2023

Note 40 Other financial assets

The movement in deferred tax assets is explained by the application of the tax scheme for discretionary depreciation for tax purposes. For further disclosures, reference is made to note 17.

Annual Report 2023

Note 41 Other receivables and receivables from subsidiaries

There is group-wide financing for receivables from group companies within the Alliander group, meaning that the activities of the subsidiaries are part-financed through a current account facility with the holding company.

Annual Report 2023

Note 42 Cash and cash equivalents

In 2023, the cash and cash equivalents included amounts that were not at the unrestricted disposal of Alliander. This concerns a blocked bank account with a balance of €0.4 million (2022: €1 million).

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Note 34 Information on risks and financial instruments

Note 35 Assumptions and estimates used in the financial statements (critical accounting policies)

Note 36 Events after balance sheet date

Note 37 Property, plant, equipment and right-of-use assets

Note 38 Intangible assets

Note 39 Investments in subsidiaries and associates

Note 4 Intangible assets

Note 40 Other financial assets

Note 41 Other receivables and receivables from subsidiaries

Note 42 Cash and cash equivalents