Services between Gasunie and its group companies and between group companies are provided at arm’s length. This also applies to transactions with joint ventures, joint operations and associates, and other equity interests. For a full list of related entities see note 62 ‘List of group companies and participating interests’. For more information on intra-group transactions see note 3 ‘Financial information by operating segment’.

Because the members of the Executive Board can exercise control or significant influence over Gasunie’s financial or operational policy they qualify as a related party. No other transactions took place with the Executive Board other than the transactions by virtue of their remuneration and possible expense claims. The same applies to members of the Supervisory Board. Note 32 ‘Personnel expenses’ to the consolidated financial statements provides more information on the remuneration of the members of the Executive Board and Supervisory Board. 

GTS provides gas transmission and transport services to its customers, including GasTerra B.V. Our sole shareholder, the Dutch State, also owns 50% of GasTerra. This allows the Dutch State, in its capacity as shareholder, to exercise significant influence on the policy of the two companies.